Himatsingka Seide gallops after good Q3 result

Himatsingka Seide jumped 9.88% to Rs 90.05 at 12:22 IST on BSE, after consolidated net profit increased 42.4% to Rs 24.51 crore on 7.4% fall in total income to Rs 466.93 crore in Q3 December 2014 over Q3 December 2013.

The result was announced after market hours yesterday, 11 February 2015.

Meanwhile, the BSE Sensex was down 85.11 points, or 0.3%, to 28,448.86

On BSE, so far 3.31 lakh shares were traded in the counter as against an average daily volume of 66,620 shares in the past one quarter.

The stock hit a high of Rs 92.90 and a low of Rs 86.20 so far during the day. The stock had hit a 52-week high of Rs 105.90 on 12 September 2014 and a 52-week low of Rs 49 on 17 February 2014.

The small-cap textile manufacturer has an equity capital of Rs 49.23 crore. Face value per share is Rs 5.

Himatsingka Seide's consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) (including other income) grew by 2% to Rs 55.71 crore in Q3 December 2014 over Q3 December 2013.

Manufacturing revenues represented by the drapery/upholstery and bedding divisions fell by 8.1% to Rs 243.66 crore in Q3 December 2014 over Q3 December 2013.

The Himatsingka Group is a vertically integrated home textile major with a global footprint. The Group focuses on the manufacture, retail and distribution of Home Textile products. On the manufacturing front, the Group operates amongst the largest capacities in the world for upholstery fabrics, drapery fabrics and bed linen products.

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