Kolte Patil surges almost 18%
By
Research Desk
about 7 years ago
Kolte Patil has shown a 19.5 times surge in volumes and its stock price surged almost 18% to Rs.111.90; continuing to remain firmly in the green.
The market is thrilled with the company’s performance for Q2FY17. Its consolidated net profit rose by a very healthy 54% (Y0Y) at Rs.19 crore on a 25% increase in total income at Rs.226 crore.
EBITDA was up 21% at Rs.57 crore while margins reduced from 26.15 to 25.3%. In terms of value of sales, there was a 17% rise during the quarter on a 24% increase in volumes. Realizations though were down 6%.
Its interest outgo is down 6% (QoQ) at Rs.20.50 crore though YoY, it is a 16% increase. Its debt currently stands at Rs.535 crore and cash is at Rs.67 crore.