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Sheela Foam gains after good Q1 numbers

Capital Market 

Sheela Foam rose 2.11% to Rs 1,200.10 at 11:11 IST on BSE after consolidated net profit jumped 18.8% to Rs 38.72 crore on a 2.4% rise in net sales to Rs 514.24 crore in Q1 June 2019 over Q1 June 2018.

The result was announced after trading hours yesterday, 6 August 2019.

Meanwhile, S&P BSE Sensex was up 69.08 points or 0.19% at 37,045.93.

On BSE, 27 shares were traded in Sheela Foam counter, compared to a 2-week average of 91 shares. The stock hit an intraday high of Rs 1,220.05 and an intraday low of Rs 1,197.05. It hit a 52-week high of Rs 1,817.95 on 11 September 2018 and a 52-week low of Rs 1,152 on 5 August 2019.

Consolidated EBITDA grew 21.56% to Rs 62 crore in Q1 June 2019 over Q1 June 2018.

Sheela Foam manufactures mattresses under Sleepwell brand. The company manufactures other foam-based home comfort products focusing primarily at Indian retail consumers, as well as technical grades of polyurethane (PU) foam for end use in a range of industries.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 07 2019. 11:29 IST