Jyothy Laboratories gains 7% as board approves 1:1 bonus issue

The stock moved higher by 7% to Rs 398 after the company said the board has recommended issue of bonus shares in the ratio of 1:1 i.e. one bonus share for every one share held on the record date.

Shares of Jyothy Laboratories have moved higher by 7% to Rs 398 per share on the BSE after the company said the board has recommended issue of bonus shares in the ratio of 1:1 i.e. one bonus share for every one share held on the record date.

Meanwhile, in March 2018 quarter (Q4FY18) the company reported a strong operational performance with EBIDTA (Earnings before interest, tax, depreciation and amortization) margin 330 bps to 17.1% from 13.8% (on GST adjusted sales) in previous year quarter.

Net revenue during the quarter under review up by 17% at Rs 5.17 billion