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SRF has rallied 9% to Rs 732 in early morning deals on BSE after reporting a strong 61% year-on-year (yoy) jump in net profit at Rs 76.85 crore for the second quarter ended September 30, 2014 (Q2), aided by better sales realisations.
The company engaged in the manufacturer of chemical-based industrial intermediates had profit of Rs 47.77 crore during the same quarter a year ago.
Total income from operations during the July-September quarter also increased 9.98% to Rs 928 crore as against Rs 844 crore a year ago, SRF said in a BSE filing.
EBITDA or operating profit margin expanded by an over 400 bps to 20.1% from 15.8%.
"The overall operations performed well this quarter. The company's strategy of growing the chemicals business is paying dividends. Our traditional business should pick once economy rebounds," said SRF Managing Director Ashish Bharat Ram.
The stock opened at Rs 727 and hit a high of Rs 749 on BSE. A combined 233,616 shares changed hands on the counter in first half-an-hour of trading on NSE and BSE.
The company engaged in the manufacturer of chemical-based industrial intermediates had profit of Rs 47.77 crore during the same quarter a year ago.
Total income from operations during the July-September quarter also increased 9.98% to Rs 928 crore as against Rs 844 crore a year ago, SRF said in a BSE filing.
EBITDA or operating profit margin expanded by an over 400 bps to 20.1% from 15.8%.
"The overall operations performed well this quarter. The company's strategy of growing the chemicals business is paying dividends. Our traditional business should pick once economy rebounds," said SRF Managing Director Ashish Bharat Ram.
The stock opened at Rs 727 and hit a high of Rs 749 on BSE. A combined 233,616 shares changed hands on the counter in first half-an-hour of trading on NSE and BSE.
