 "Sharda Cropchem surges as Q4 profit more than doubles")
Sharda Cropchem is locked in the upper circuit of 20% at Rs 349 on the BSE, after the company reported a net profit of Rs 106 crore for the fourth quarter ended March 2016 (Q4FY16), on back of strong operational income. The company engaged in agrochemicals business had made a profit of Rs 48 crore in a year ago quarter.
Income from operations during the quarter under review rose 54% to Rs 524 crore against Rs 341 crore in the corresponding quarter of previous fiscal. Operating margins expanded by 800 basis points from 20.9% to 28.9%.
Till 09:55 AM, a combined 477,165 shares changed hands, as against less than 100,000 shares that were traded daily in past two weeks. There were pending buy orders for 54,256 shares on the NSE and BSE.
Income from operations during the quarter under review rose 54% to Rs 524 crore against Rs 341 crore in the corresponding quarter of previous fiscal. Operating margins expanded by 800 basis points from 20.9% to 28.9%.
Till 09:55 AM, a combined 477,165 shares changed hands, as against less than 100,000 shares that were traded daily in past two weeks. There were pending buy orders for 54,256 shares on the NSE and BSE.
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