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Sandesh has moved higher by 14% to Rs 606 on the NSE after reporting a healthy 74% year-on-year growth in net profit at Rs 17.41 crore for the fourth quarter ended March 31, 2015 (Q4) on the back of strong operational performance.
The Gujarat-based publishing house had posted a profit of Rs 10 crore in the same quarter last year.
The company's total income from operations grew 10.6% to Rs 86.63 crore against Rs 78.29 crore in the corresponding quarter of the previous year. EBITDA margins expanded to 32.8% from 22.5%.
The stock opened at Rs 549 and hit a record high of Rs 625 on the NSE. It hit high of Rs 629 on the BSE. A combined 25,191 shares changed hands on the counter on both the exchanges.
The Gujarat-based publishing house had posted a profit of Rs 10 crore in the same quarter last year.
The company's total income from operations grew 10.6% to Rs 86.63 crore against Rs 78.29 crore in the corresponding quarter of the previous year. EBITDA margins expanded to 32.8% from 22.5%.
The stock opened at Rs 549 and hit a record high of Rs 625 on the NSE. It hit high of Rs 629 on the BSE. A combined 25,191 shares changed hands on the counter on both the exchanges.
