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Shares of Petron Engineering are locked at the upper circuit of 20% at Rs 291 on the BSE after the company reported more than three-fold jump in net profit of Rs 10.04 crore for the first quarter ended June 30, 2015 (Q1) on the back of higher operational income and other income.
The construction & engineering company had posted a profit of Rs 2.85 crore in the same quarter a year ago.
The construction & engineering company had posted a profit of Rs 2.85 crore in the same quarter a year ago.
Income from operations during the reported quarter grew 38% to Rs 124 crore against Rs 89 crore in the corresponding quarter of previous fiscal. Other income stood at Rs 5.69 crore in the June quarter against Rs 75 lakh in the year-ago quarter.
Till 0957 hours, a combined 249,754 shares changed hands and there were pending buy orders for 137,937 shares on the BSE and NSE.
