Dalmia Bharat spurts after strong Q4 results

Dalmia Bharat rose 6.79% to Rs 2,529 at 15:15 IST on BSE after consolidated net profit rose 94.17% to Rs 184.05 crore on 15.61% rise in net sales to Rs 2185.04 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 10 May 2017.

Meanwhile, the S&P BSE Sensex was up 19.19 points, or 0.06% to 30,267.36.

On the BSE, 47,000 shares were traded in the counter so far, compared with average daily volumes of 1.86 lakh shares in the past one quarter. The stock had hit a high of Rs 2,569.55 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 2,420 so far during the day. The stock hit a 52-week low of Rs 846.35 on 23 May 2016.

The stock had outperformed the market over the past one month till 10 May 2017, rising 9.75% compared with 1.54% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 22.03% as against Sensex's 6.77% rise.

The large-cap company has equity capital of Rs 17.79 crore. Face value per share is Rs 2.

On a consolidated basis, Dalmia Bharat's net profit rose 81.46% to Rs 344.80 crore on 15.49% rise in net sales to Rs 7404.36 crore in the year ended March 2017 over the year ended March 2016.

Dalmia Bharat operates as a cement manufacturing company.

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