Igarashi Motors India has rallied 12% to Rs 92.75 after reporting a robust 123% year-on-year (yoy) jump in net profit at Rs12.57 crore for the third quarter ended December 31, 2013 (Q3), on back of strong operational revenue. The company had profit of Rs 5.63 crore in the same quarter last fiscal.
Net sales of the company rose by 35% yoy to Rs 93 crore during the third quarter, compared to Rs 69 crore during the same period of previous fiscal, Igarashi Motors said in a statement.
EBITDA or operating profit margin improved by nearly 200 basis points to 19.85% from 18.24%.
Meanwhile, auto parts and equipment maker has posted net profit of Rs 36.20 for the first nine months (April-December) of current financial year 2013-14, compared to Rs 16.38 crore in the same period previous fiscal. The company had profit of Rs 21.35 crore in entire financial year 2012-13.
The stock opened at Rs 90 and touched a 52-week high of Rs 94.40 on the NSE. Till 1100 hours, a combined 235,537 shares changed hands on the counter on the BSE and NSE.
Net sales of the company rose by 35% yoy to Rs 93 crore during the third quarter, compared to Rs 69 crore during the same period of previous fiscal, Igarashi Motors said in a statement.
EBITDA or operating profit margin improved by nearly 200 basis points to 19.85% from 18.24%.
Meanwhile, auto parts and equipment maker has posted net profit of Rs 36.20 for the first nine months (April-December) of current financial year 2013-14, compared to Rs 16.38 crore in the same period previous fiscal. The company had profit of Rs 21.35 crore in entire financial year 2012-13.
The stock opened at Rs 90 and touched a 52-week high of Rs 94.40 on the NSE. Till 1100 hours, a combined 235,537 shares changed hands on the counter on the BSE and NSE.
