 "Paushak zooms 20% as Q3 profit doubles")
Shares of Paushak is locked in upper circuit of 20% at Rs 370, also its record high on BSE, after reporting a more than doubled net profit at Rs 3.04 crore for the third quarter ended December 31, 2014 (Q3). The company engaged in speciality chemicals business had profit of Rs 1.43 crore in a year ago quarter.
Net sales of the company during the quarter under review increased by 49% at Rs 17.68 crore against Rs 11.85 crore in the corresponding quarter of previous fiscal. EBITDA or operating profit margin expanded 400bps to 26.2% from 22.1%.
Till 1455 hours, around 27,000 shares changed hands on the counter and there are pending buy orders for 4,400 shares on BSE.
Net sales of the company during the quarter under review increased by 49% at Rs 17.68 crore against Rs 11.85 crore in the corresponding quarter of previous fiscal. EBITDA or operating profit margin expanded 400bps to 26.2% from 22.1%.
Till 1455 hours, around 27,000 shares changed hands on the counter and there are pending buy orders for 4,400 shares on BSE.
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