Ebitda (earnings before interest, taxes, depreciation, and amortization) margin improved 380 basis points at 15.8 per cent in Q2FY21 from 12.8 per cent in Q2FY20. The actions taken to reduce costs and improve mix in lighting have helped deliver healthy margins.
Meanwhile, the board has declared interim dividend of Rs 3 per share for the financial year 2020-21. The company has fixed November 4, 2020 as the record date for interim dividend for the purpose of determining the entitlement of the shareholders.
At 09:52 am, the stock was trading 9 per cent higher at Rs 312 on the BSE, as compared to 0.34 per cent gain the S&P BSE Sensex. The trading volumes on the counter jumped five-fold with a combined 2.6 million equity shares changing hands on the BSE and NSE, so far.