 "Petron Engineering zooms 20% as Q1 profit more than triples")
Shares of Petron Engineering are locked at the upper circuit of 20% at Rs 291 on the BSE after the company reported more than three-fold jump in net profit of Rs 10.04 crore for the first quarter ended June 30, 2015 (Q1) on the back of higher operational income and other income.
The construction & engineering company had posted a profit of Rs 2.85 crore in the same quarter a year ago.
The construction & engineering company had posted a profit of Rs 2.85 crore in the same quarter a year ago.
Income from operations during the reported quarter grew 38% to Rs 124 crore against Rs 89 crore in the corresponding quarter of previous fiscal. Other income stood at Rs 5.69 crore in the June quarter against Rs 75 lakh in the year-ago quarter.
Till 0957 hours, a combined 249,754 shares changed hands and there were pending buy orders for 137,937 shares on the BSE and NSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%