)
Don't want to miss the best from Business Standard?
Shares of Siyaram Silk Mills have moved higher by 10% to Rs 1,050 on the NSE after reporting a strong 59% year-on-year jump in net profit at Rs 32.14 crore for the fourth quarter ended March 2015 (Q4). The textiles company had reported a profit of Rs 20.19 crore in the year-ago quarter.
Net sales during the quarter under review grew by 18% at Rs 479 crore against Rs 405 crore in the corresponding quarter of the previous fiscal, Siyaram Silk Mills said in a statement.
EBITDA or operation profit margin improved by 150 basis points to 12.15% in March quarter from 10.63% in the previous year's corresponding quarter.
Net sales during the quarter under review grew by 18% at Rs 479 crore against Rs 405 crore in the corresponding quarter of the previous fiscal, Siyaram Silk Mills said in a statement.
EBITDA or operation profit margin improved by 150 basis points to 12.15% in March quarter from 10.63% in the previous year's corresponding quarter.
Make smarter market moves with The Smart Investor. Daily insights on buzzing stocks and actionable information to guide your investment decisions delivered to your inbox.
Meanwhile, the board has recommended dividend of Rs 10 (100%) per equity share of the face value of Rs 10 each for the financial year ended March 31, 2015, it added.
The stock opened at Rs 1,009 and hit a record high of Rs 1,053 on the NSE. A combined 20,737 shares changed hands on the counter till 1026 hours on the NSE and BSE.
The stock opened at Rs 1,009 and hit a record high of Rs 1,053 on the NSE. A combined 20,737 shares changed hands on the counter till 1026 hours on the NSE and BSE.
