 "A vendor arranges price tag over sack filled with sugar at wholesale vegetable market in Ahmedabad")
Thiru Arooran Sugars is locked in upper circuit of 10% at Rs 108, also its 52-week high on the BSE, after the company reported net profit of Rs 27.37 crore for the quarter ended March 2016 (Q4FY16) as compared with net loss of Rs 18.61 crore in a year ago quarter.
The company reported strong net profit growth despite of 42% year on year (YoY) drop in total operational income to Rs 51.72 crore in Q4FY16 from Rs 89.93 crore in previous year quarter.
The company said its sugar segment posted PBIT (profit before interest and tax) of Rs 10.91 crore in a reported quarter against loss of Rs 14.76 crore.
The working results of the sugar segment were adversely affected due to unviable sugar prices and lower availability of sugarcane, Thiru Arooran Sugars said in a statement.
Till 10:53 AM, a combined 139,463 shares changed hands and there were pending buy orders for 56,607 shares on the BSE and NSE.
Meanwhile, thus far in June, the stock zoomed 89% from Rs 57.65 on May 31, against 0.70% decline in S&P BSE Sensex.
The company reported strong net profit growth despite of 42% year on year (YoY) drop in total operational income to Rs 51.72 crore in Q4FY16 from Rs 89.93 crore in previous year quarter.
The company said its sugar segment posted PBIT (profit before interest and tax) of Rs 10.91 crore in a reported quarter against loss of Rs 14.76 crore.
The working results of the sugar segment were adversely affected due to unviable sugar prices and lower availability of sugarcane, Thiru Arooran Sugars said in a statement.
Till 10:53 AM, a combined 139,463 shares changed hands and there were pending buy orders for 56,607 shares on the BSE and NSE.
Meanwhile, thus far in June, the stock zoomed 89% from Rs 57.65 on May 31, against 0.70% decline in S&P BSE Sensex.
