Bajaj Corp, personal care products maker, reported 23% year-on-year increase in net profit at Rs 58 crore for the Q2 ended September 30th on the back of other income despite slow revenue and operational growth. The company's net profit in the equivalent quarter of the previous fiscal year was Rs 47 crore.
Today, Bajaj Corp share price opened at Rs. 405, a little above its previous close of Rs. 399.80.
The company's sales during the September quarter also amplified to Rs 196 crore, over Rs 189 crore in the year-ago period while other income jumped 91 percent to Rs 14.9 crore.
During the quarter under review, EBITDA stood at Rs 67.2 crore, up by 3.9 percent on yearly basis and margin extended only by 10 basis points to 34.1 percent in the quarter ended September 2016. Bajaj Corp reported an exceptional loss of Rs 6.6 crore during the quarter against Rs 11.7 crore in year-ago period.
At 3:14 PM, Bajaj Corp share price was trading at Rs. 402 after the Q2 result, with the rise of 0.55%. So far, a total of 5.30 lakhs shares have changed hands over the NSE trading window as compared to its twenty-day average movement of 1.15 lakh shares.
Bajaj Corp Limited has also informed the Exchange that the Company will partake into earning conference call with Kotak Institutional Equities on October 15, 2016, with regard to the Financial Results of the Company.
The promoters holding in the company currently stands at 66.86 % while Institutions and Non-Institutions held 27.5 % and 5.64 % respectively. The stock is currently trading above its 50 DMA with the book value of 32.60. The promoters holding pledged stands at 47.89% with the market cap of 5897.05 crores as on 14th October 2016. Bajaj Corp is the top 500 stock identified by the Dynamic Levels for the quarter. For the details on the stock, visit Bajaj Corp share price history page of the Dynamic Levels website.
No comments:
Post a Comment