Sundaram Clayton is the second top gainer on the BSE, up over 6% at Rs.3100, with volumes showing a spike of more than 13 times.
The market is thrilled with the company’s performance for Q3FY19. It has reported a 50-times rise in the third quarter net profit at Rs.50 crore v/s Rs.97 lakh in previous Q3. This superlative jump in bottomline was mainly on account of higher sales volumes.
The company posted a total income of Rs.527 crore, up 15% (YoY).
The results were made sweeter with an interim dividend of Rs.20/share on equity shares of Rs.5 each.