Hitech Plast disclosed a sharp rise in consolidated net profit for the quarter ended June 2015. During the quarter, the profit of the company rose 58.67% to Rs 32.01 million from Rs 20.18 million in the same quarter last year.
Revenues for the quarter declined 11.56% to Rs 1,028.69 million, compared with Rs 1,163.22 million for the prior year period.
Operating margin for the quarter stood at 6.84 percent as compared to 6.53 percent for the previous year period. Operating Income for the quarter was Rs 70.34 million, compared with Rs 75.93 million in the previous year period.
Earnings per share for the quarter stood at Rs 1.86, registering 21.57% growth over previous year period.
Quarterly Results - Consolidated (Rs in mn) |
As at | Jun - 15 | Jun - 14 | %Change |
Revenues | 1,028.69 | 1,163.22 | (11.56) |
Net Profit | 32.01 | 20.18 | 58.67 |
Diluted EPS | 1.86 | 1.53 | 21.57 |
Shares of the company gained Rs 10, or 8.62%, to trade at Rs 126.00. The total volume of shares traded was 83,832 at the BSE (3.27 p.m., Monday).