Dalmia Bharat shares soar nearly 7 per cent on robust Q4 show

By: |
May 11, 2017 6:06 PM

Shares of cement manufacturer Dalmia Bharat today surged nearly 7 per cent after the company reported a steep jump of 94.16 per cent in consolidated net profit for the fourth quarter ended March.

Dalmia Bharat, cement manufacturer, MarchShares of cement manufacturer Dalmia Bharat today surged nearly 7 per cent after the company reported a steep jump of 94.16 per cent in consolidated net profit for the fourth quarter ended March. (Representational Image: Reuters)

Shares of cement manufacturer Dalmia Bharat today surged nearly 7 per cent after the company reported a steep jump of 94.16 per cent in consolidated net profit for the fourth quarter ended March. The stock soared 6.52 per cent to close at Rs 2,522.60 on BSE. During the day, it jumped 8.5 per cent to Rs 2,569.55 –its 52-week high. At NSE, shares of the company went up by 6.52 per cent to end at Rs 2,522.40. The company’s market valuation rose by Rs 1,374.51 crore to Rs 22,442.51 crore.

Dalmia Bharat Ltd yesterday reported a steep jump of 94.16 per cent in its consolidated net profit at Rs 184.05 crore for the fourth quarter ended March. The company reported a net profit of Rs 94.79 crore in January-March a year-ago, Dalmia Bharat said in a BSE filing. Total income during the quarter under review was at Rs 2,504.68 crore, up 15.29 per cent from Rs 2,172.37 crore of the same quarter previous fiscal.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Tata Power Rating: Buy; Primed for sustainable and clean growth
2Telecom: Key enabler of work-from-home culture
3Cement: Yet another robust quarter in offing