Shares of listed Nahar Industrial Enterprises were trading higher by up to 5 per cent on the NSE on back of heavy volumes. Nahar Ind share price was trading at Rs 124.15 on the NSE after the company reported a robust set of numbers for the quarter ended September 30, 2016 (Q2FY17).
The company engaged in textiles business has posted profit after tax (PAT) of Rs 30.21 cr in Q2FY17 against Rs 1.09 cr in the corresponding quarter of previous year. For the quarter ended 30-09-2016 (Q2), the company has reported Standalone sales of Rs 428.25 Cr., down -8.37 from last quarter Sales of Rs 467.38 Cr. and up 11.14 from last year same quarter Sales of Rs 385.32 Cr. Meanwhile, Nahar Spinning Mills shares were also trading in the green zone on the NSE.
Nahar Industrial Enterprises Limited, incorporated in the year 1983, is a Small Cap company (having a market cap of Rs 471.65 Cr.) operating in Textiles sector. Nahar Industrial Enterprises key Products/Revenue Segments include Yarn which contributed Rs 868.25 Cr to Sales Value (48.70 per cent of Total Sales), Yarn which contributed Rs 868.25 Cr to Sales Value (48.70 per cent of Total Sales), Fabric which contributed Rs 716.50 Cr to Sales Value (40.19 per cent of Total Sales), Sugar which contributed Rs 150.93 Cr to Sales Value (8.46 per cent of Total Sales), Others which contributed Rs 34.72 Cr to Sales Value (1.94 per cent of Total Sales), Export Incentives which contributed Rs 11.38 Cr to Sales Value (0.63 per cent of Total Sales), Other Operating Revenue which contributed Rs .85 Cr to Sales Value (0.04 per cent of Total Sales) for the year ending 31-Mar-2016.
Nahar Ind is a Multibagger Stock recommended by Dynamiclevels research team. For acquiring more details on the Nahar Ind stock, please pay a visit to Nahar Ind share price history page.
No comments:
Post a Comment