Tata Metaliks posted a very exuberant set of numbers for Q2FY18. It posted a good 31% (YoY) rise in total income at Rs.45 crore. There was a 58% rise in raw material costs and this led to the total expenses getting increased by 29%. But the higher topline helped the operating profit which was up despite the higher expenses at Rs.67 crore, up 46%. Margins rose from 14.16% to 14.81%.
The company ended the quarter with a net profit at Rs.33 crore, up 50%. Its H1FY18 met profit at Rs.64 crore, which is 55% of entire FY17 profit if Rs.116 crore.
The market is apparently very happy with this performance and the stock price rose over 6% to Rs.783.75 in the opening bell session; it has since then come off the intra day high levels. Its 52-week high stands at Rs.819.50.