Guj Fluoro hits new high, again!
By
Research Desk
about 10 years ago
Gujarat Flurochemicals has been hitting a new since yesterday; today it opened positive and surpassed yesterday’s new high of 746.30 and hit another new high at Rs.762.70.
The stock is extremely positive, reacting to the very good set of numbers it posted for Q2FY15. YoY, its consolidated net sales rose 80% at Rs.1254 crore and net profit soared 89% at Rs.106 crore. EBITDA for the quarter was up 74% and the company ended the quarter with a cash profit of Rs.190 crore, up 65%. The good news here is that there are two more quarters to go and in first half itself, it has punched in a net profit of Rs.150 crore, which is already 80% of FY14 net profit of Rs.186 crore. Thus if same trends continue, it will end FY15 on a bumper note.