Shankara Building Products surges 20% on good operational performance in Q4

The company's consolidated profit before tax more-than-doubled to Rs 14.8 crore for the March quarter against Rs 3.6 crore in the year-ago quarter.

Shares of Shankara Building Products were locked in the upper circuit of 20 per cent at Rs 364 on the BSE on Thursday in an otherwise weak market after the company reported a more than double consolidated profit before tax (PBT) at Rs 14.8 crore for the March quarter (Q4FY20). It had a PBT of Rs 3.6 crore in the year-ago quarter.

The company’s EBITDA (earnings before interest, taxes, depreciation, and amortisation) for the quarter rose 74.3 per cent year-on-year (YoY) to Rs 27.1 crore from Rs 15.5 crore in previous year quarter. EBITDA margin improved 146 basis points (bps) to