The company engaged in the business of manufacturing, distribution and marketing of garments had profit of Rs 69 crore in the same quarter last fiscal.
Revenues from operations during the quarter grew 17% at Rs 626 crore against Rs 535 crore in the corresponding quarter of previous year. Raw materials cost declined 6% to Rs 189 crore from Rs 201 crore in previous year quarter. EBITDA (earnings before interest, taxes, depreciation and amortization) margins improved to 20.5% in Q2FY18 from 20.0% in Q2FY17.
The board has declared 2nd interim dividend for the year 2017-18 of Rs 35 per equity share. It fixed as November 17, 2017 as the record date for the payment of interim dividend.
Petronet LNG too hit record high of Rs 275, up 6% on the BSE, after the company posted a 28% y-o-y increase in Q2FY18 net profit to Rs 589 crore against Rs 460 crore in the same quarter last fiscal. Operational revenue grew 17% at Rs 7,770 crore against Rs 6,614 crore. EBIDTA margin improved to 11.6% from 10.98%.
Vakrangee rallied 6% at Rs 586, ahead of its board meeting next week to consider bonus issue and Q2 results. In past four trading sessions, the stock gained 11% after the company said that its board will meet on November 13, 2017 to consider issue of bonus shares.
Earlier in 2012, the company had issued bonus shares in the ratio of 1:1 i.e. 1 (one) bonus equity share for every 1(one) existing equity share held by the shareholders as on the "Record date".