 "Ricoh India zooms 20% on turnaround in profit in Q3")
Ricoh India is locked in upper circuit of 20% at Rs 344 on BSE after reporting a profit of Rs 10.55 crore for the third quarter ended December 31, 2014 (Q3FY15), against a loss of Rs 20 lakh in a year-ago quarter, on the back of strong operational income.
Income from operations during the quarter under review increased by 80% to Rs 409 crore from Rs 227 crore in the corresponding quarter of previous fiscal.
The company said it has recorded net exchange fluctuation loss of Rs 15.52 crore in Q3FY15 against Rs 38.80 crore in previous year quarter.
Till 1210 hours, around 561,000 shares changed hands against an average sub 30,000 shares that were traded daily in past two weeks on BSE. There are pending buy orders for 60,392 shares on BSE.
Income from operations during the quarter under review increased by 80% to Rs 409 crore from Rs 227 crore in the corresponding quarter of previous fiscal.
The company said it has recorded net exchange fluctuation loss of Rs 15.52 crore in Q3FY15 against Rs 38.80 crore in previous year quarter.
Till 1210 hours, around 561,000 shares changed hands against an average sub 30,000 shares that were traded daily in past two weeks on BSE. There are pending buy orders for 60,392 shares on BSE.
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