Kwality spurts after decent Q3 results

Kwality rose 6.31% to Rs 115.45 at 12:59 IST on BSE after net profit rose 3.54% to Rs 37.40 crore on 12.06% rise in net sales to Rs 1441.22 crore in Q3 December 2015 over Q3 December 2014.

The result was announced on Saturday, 23 January 2016.

Meanwhile, the BSE Sensex was up 118.40 points, or 0.48%, to 24,554.06.

On BSE, so far 2.92 lakh shares were traded in the counter, compared with an average volume of 6.15 lakh shares in the past one quarter. The stock hit a high of Rs 115.90 and a low of Rs 111.50 so far during the day. The stock hit a 52-week high of Rs 153.70 on 28 December 2015. The stock hit a 52-week low of Rs 35.25 on 27 March 2015. The stock had underperformed the market over the past one month till 22 January 2016, sliding 24.43% compared with 4.51% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, sliding 0.37% as against Sensex's 10.45% fall.

The small-cap dairy foods company has an equity capital of Rs 21.87 crore. Face value per share is Re 1.

Kwality's EBITDA (earnings before interest, taxes, depreciation and amortization) rose 14.19% to Rs 97.44 crore in Q3 December 2015 over Q3 December 2014.

Kwality is India's premier dairy foods company. The company's product range includes milk (bulk pouched and tetra pack), pure ghee, pure cow ghee, Livlite 85% less cholesterol ghee, curd, skimmed milk powder, wake up creamer, chaach, lassi and other dairy products under its various brands.

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