Aegis Logistics posts stellar Q2 result; hits 52-week high
Tanay Loya / 11 Dec 2017
Aegis Logistics reported its financial results for Q2FY18 after the market hours on Friday.
Aegis Logistics reported its financial results for Q2FY18 after the market hours on Friday. The company reported over 83 per cent increase in its net sales to Rs. 1,242.32 crore during the quarter ended September 30, 2017, as compared to Rs. 677.41 crore in Q2FY17.
The company’s profit surged 108.92 per cent to Rs. 51.96 crore for the corresponding period. With this, the company reported an earning per share (EPS) of Rs. 1.56 for the second quarter of the current fiscal as compared to Rs. 0.74 for the same period last year.
The company’s net profit for the first two quarters combined surged 83.24 per cent to Rs. 95.82 crore as against Rs. 52.29 crore for the six months period ended September 30, 2016.
Aegis Logistics, incorporated in 1956, is engaged in providing logistic solutions for Oil, Gas, Chemicals and Petrochemical Industries.
At 10:30 hours, Aegis Logistics was trading at Rs. 267.50 per share, up Rs 11.75 or 4.59 per cent on the NSE. The scrip opened at Rs. 264.00 and touched a high and low of Rs 270.70 and Rs. 263.00, respectively. The stock attracted a traded volume of 2,42,743 shares on NSE.
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