Ujaas

By Research Desk
about 7 years ago
Ujaas

 

Ujaas Energy hit a new 52-week high today at Rs.35.50 on the back of its very good performance for Q2FY17. It continues to trade 15% up at Rs.35 levels.

The company posted a 3.3 times surge in net profit at Rs.10 crore v/s Rs.3.28 crore (YoY) and this was on a robust 128% jump in net sales at Rs.121 crore.

Despite a 2.5 times rise in total costs, thanks to the exuberant topline, the company’s EBITDA came in Rs.18 crore, up 50%.

The company’s H1FY17 net profit at Rs.17 crore is already 81% of FY16 net profit and with two more quarters to go, looks like it will be a powerful fiscal.

Debt as at 30th Sept’16 stood at Rs.92 crore and cash was at Rs.49 crore. Equity stands at Rs.20 crore (Re.1 FV) and reserve is at Rs.207 crore.

2.24 (+0.10)

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