Monday 11 May 2015

Fedders Lloyd zooms on Q3 performance

The company recorded a net profit of Rs. 15.15 crore for Q3FY15, as against Rs. 13.43 crore in Q3FY14. 

Fedders Lloyd Corporation is trading on a gung-ho note on reporting 12.8 percent growth in Q3 net profit on year-on-year basis.

The company recorded a net profit of Rs. 15.15 crore for Q3FY15, as against Rs. 13.43 crore in Q3FY14. Total income also rose by 19.5 percent to Rs. 374 crore from Rs. 313 crore for the above mentioned period.

The stock so far has zoomed 15 percent to a high at Rs. 82 and is now up 11.2 percent at Rs. 79.35.

The BSE counter has seen 2.5-times jump in volume with trades of around 70,000 shares, when compared with its two-week daily average volume of 28,000 shares.

Meanwhile, the Sensex has soared 362 points at 27,467. 

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