Jyothy Labs extends rally on strong Q4 operational performance; 1:1 bonus

The stock moved higher by 11% to Rs 437, extending its previous day's 5% rally on the BSE, quoting close to its all-time high of Rs 441 recorded on September 19, 2017 on the BSE in intra-day trade.

Shares of Jyothy Laboratories have moved higher by 11% to Rs 437 per share, extending their previous day's 5% rally on the BSE after 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.

The company reported a strong operational performance in March 2018 quarter (Q4FY18) 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. Q4FY2018 was the second consecutive quarter of double-digit volume growth.

The significant