The company recorded a rise of 10.8% in its net profit at Rs. 17 crore for the quarter ended December 31, 2015 as compared to Rs.15.3 crore for the quarter ended December 31, 2014.
The company recorded a rise of 10.8% in its net profit at Rs. 17 crore for the quarter ended December 31, 2015 as compared to Rs.15.3 crore for the quarter ended December 31, 2014. The company's total income has decreased by 0.4% at Rs. 324.1 crore for the quarter against Rs.325.4 crore in the corresponding quarter of the previous year.
During the quarter under review, sales were at Rs.324 crore compared with Rs.325 crore.
The company's EBITDA Margin in third quarter stood at 10.2% vs 9.2%.
Stock Commentary:
Eveready Industries India Ltd is currently trading at Rs. 255.85, down by Rs. 8.35 or 3.16% from its previous closing of Rs. 264.2 on the BSE.
The scrip opened at Rs. 268 and has touched a high and low of Rs. 269.8 and Rs. 254 respectively. So far 189426(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1920.21 crore.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 374.9 on 17-Jul-2015 and a 52 week low of Rs. 186 on 09-Feb-2015. Last one week high and low of the scrip stood at Rs. 270.45 and Rs. 245.5 respectively.
The promoters holding in the company stood at 44.01 % while Institutions and Non-Institutions held 28.47 % and 27.52 % respectively.
The stock is currently trading above its 200 DMA.
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