Swaraj Engines gains 20 per cent, post strong Q4 numbers
DSIJ Intelligence / 26 Apr 2017
Swaraj Engines gained 20 per cent in the early morning trade on Wednesday, taking cues from its healthy Q4 numbers.
Swaraj Engines gained 20 per cent in the early morning trade on Wednesday, taking cues from its healthy Q4 numbers.
The stock touched 52-week high of Rs 1,984.20 on an intraday basis.The company reported a strong set of numbers for the quarter ended March 2017.
The company registered a 29.7 per cent jump in its net profit at Rs 15.3 crore, against Rs 11.8 crore (YoY); while the company's total income was up by 41.1 per cent at Rs 160.8 crore versus Rs 114 crore (YoY).
The operating profits i.e. EBITDA was up by 50.6 per cent at Rs 24.1 crore; while the EBITDA margin was up at 15 per cent.The company recommended a dividend of 180 per cent or Rs 18 per share on equity shares for financial year ended March 31, 2017 along with a special dividend of Rs 25 per share.
Markets are trading at a all time high on Wednesday with Sensex trading above all important 30,000 psychological levels.
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