Talwalkars Better Value Fitness shares gain 8% on Q4 results

Talwalkars Better Value Fitness shares surged as much as 8 per cent in the morning trade on Friday after the company reported 13 per cent year-on-year rise in its consolidated net profit at Rs 20.20 crore for the quarter ended March 2016.

Written by FE News Desk

New Delhi

Updated: May 6, 2016 17:08 IST

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Talwalkars Better Value Fitness shares surged as much as 8 per cent in the morning trade on Friday after the company reported 13 per cent year-on-year (yoy) rise in its consolidated net profit at Rs 20.20 crore for the quarter ended March 2016. It had posted a net profit of Rs 17.88 crore in the same quarter last year.

At 11.28 am, shares of Talwalkars were trading 5.02 per cent up at Rs 205 on NSE. The scrip opened at Rs 202 and has touched a high and low of Rs 211 and Rs 202, respectively, in trade so far. The 50-share Nifty index was down 37.35 points, or 0.48 per cent, at 7,698.15. Later, the share price ended 3.80 per cent up at Rs 202.10.

Gross sales of the physical fitness company advanced 14.04 per cent year-on-year (yoy) to Rs 78.24 crore.

For the quarter ended March 2016, operating profit of Talwalkars Better Value Fitness climbed 18.44 per cent to Rs 54.93 crore against Rs 46.38 crore in the same quarter last year.

This article was first uploaded on May six, twenty sixteen, at forty-five minutes past eleven in the morning.