Everest Industries hits record high on strong Q3 results

The stock hit a new high of Rs 637, up 9% on BSE after the company reported a net profit of Rs 94 million in Q3FY18 against loss of Rs 141 million in year ago quarter

Everest Industries hit a new high of Rs 637, up 9% on BSE in intra-day trade, after the company reported a net profit of Rs 94 million for the quarter ending December 2017 (Q3FY18). The company engaged in cement & cement products business had posted a net loss of Rs 141 million in the same quarter last fiscal.

Operational revenue during the quarter under review grew 9% at Rs 2,906 million against Rs 2,664 million in the corresponding quarter of previous year.

For the first nine months (April to December) of current financial year FY18, the company posted