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Oudh Sugar surges on strong Q3 results

The stock surged 12% to Rs 169, also its 52-week high on the BSE

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SI Reporter Mumbai
Oudh Sugar Mills surged 12% to Rs 169, also its 52-week high on the BSE, after the company reported more than two-fold jump in net profit at Rs 34.73 crore for the quarter ended December 2016 (Q3FY17), on back of strong operational performance. The company had profit of Rs 12.61 crore in the same quarter last year.

Total turnover during the quarter under review increased 16.8% at Rs 389 crore against Rs 333 crore in the corresponding quarter of previous fiscal.

EBITDA (earnings before interest, tax, depreciation and amortization) margin improved to 27.1% in Q3FY17 from 12.2% in