Hitech Plast said a sharp rise in net profit for the quarter ended March 2014. During the quarter, the profit of the company rose 94.65% to Rs 20.36 million from Rs 10.46 million in the same quarter previous year.
Net sales for the quarter rose marginally 2.71% to Rs 1,125.57 million, compared with Rs 1,096 million for the prior year period.
Earnings per share for the quarter stood at Rs 1.33, registering 77.33% growth over previous year period.
| Quarterly Results - (Rs in mn) |
| As at | Mar - 14 | Mar - 13 | %Change |
| Net Sales | 1,125.57 | 1,095.86 | 2.71 |
| Net Profit | 20.36 | 10.46 | 94.65 |
| Basic EPS | 1.33 | 0.75 | 77.33 |
Shares of the company declined Rs 0.05, or 0.09%, to trade at Rs 58.00. The total volume of shares traded was 462 at the BSE (11.22 a.m., Tuesday).
