Atul Limited has surged nearly 12% to Rs 1,203, also its record high on BSE, after reporting a robust 48% year on year growth in net profit at Rs 59.78 crore for the quarter ended June 30, 2014 (Q1), on the back of strong operational income. The Lalbhai Group agrochemicals company had registered a profit of Rs 40.45 crore in the same quarter last year.
Net sales of the company grew 25% to Rs 647 crore during the quarter under review against Rs 517 crore in the corresponding quarter previous year. EBITDA or operating profit margin improved over 300 basis points to 16.04% from 12.79%.
The stock opened at Rs 1,084 and touched a low of Rs 1,070 on BSE, before announcements of June quarter results. The trading volumes on the counter have surged over ten-fold with a combined 703,000 shares changed hands so far on BSE and NSE.
Net sales of the company grew 25% to Rs 647 crore during the quarter under review against Rs 517 crore in the corresponding quarter previous year. EBITDA or operating profit margin improved over 300 basis points to 16.04% from 12.79%.
The stock opened at Rs 1,084 and touched a low of Rs 1,070 on BSE, before announcements of June quarter results. The trading volumes on the counter have surged over ten-fold with a combined 703,000 shares changed hands so far on BSE and NSE.
