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NCL Industries soars over 15% on robust Q3 results

The stock soared 19% to Rs 158, also its fresh 52-week high on the BSE in intra-day trade

cement, construction
premium

SI Reporter Mumbai
NCL Industries
soared 19% to Rs 158, also its fresh 52-week high on the BSE, after the company reported three-fold jump in net profit at Rs 18.83 crore for the quarter ended December 2016 (Q3FY17), on back of strong realisation.

The cement & cement products maker had reported profit of Rs 6.17 crore in the same quarter year ago.

Total income from operations during the quarter under review increased by 50% to Rs 241 crore against Rs 162 crore in the corresponding quarter of previous fiscal.

EBITDA (earnings before interest, tax, depreciation and amortization) margin improved to