Metallurgica reported a revenue of 48.7 million euros and net income of 4.2 million euros at the close of 2017
The stock surged 10% to Rs 379 on the BSE after the company said that it has been awarded an Rs 35 billion advance purchase order to design, build and manage the Indian Navy's communications network.
The stock hit a new high of Rs 248, zoomed 57% from Rs 158 on July 18, against 1% gain in Nifty 50.
Company closed its order book at an all-time high of Rs 3,018 cr
The company in a statement said that the initiative is in line with the its dividend distribution policy
Earnings before interest, tax, depreciation and amortisation grew 21% to Rs 124 crore from Rs 102 crore in the same quarter last year
Reports net profit of Rs 52 crore for Q4, up from Rs 39 crore in the same quarter last year
The company believes that the move is positive for investors as the entity will have a better financial profile post the de-merger and will reflect better return ratios
The new organisation structure aims to sharpen the company's focus on market opportunities by keeping customer at the core of all its operations