Waterbase hits new high; stock zooms 72% in one month post Q2 results

The stock hit a new high of Rs 275, up 20% on the BSE on Thursday, on back of heavy volumes.

The Waterbase Limited (TWL) hit a new high of Rs 275, up 20% on the BSE, extending its past one month rally, after the company reported nearly four-fold jump in net profit at Rs 9.4 crore in September quarter (Q2FY18). The company engaged in food products business had posted profit of Rs 2.6 crore in a year ago quarter.

Operational income during the quarter under review grew 21% at Rs 97 crore against Rs 80 crore in the corresponding quarter of previous year.

Ebitda (earnings before interest, taxes, depreciation and amortization) margin improved 850 bps to 15.7% from