Supreme Infrastructure India Limited, one of the most promising infrastructure companies in India posted a hike in net sales for the third quarter of the present fiscal. The company’s income from operations increased 55% for the quarter ended December 31, 2009 to Rs1.43bn as against Rs923.2mn in the corresponding quarter of the last year.
PAT increased by 105% to Rs114.7mn from Rs55.8mn, YoY. Earnings per Share (EPS) stands at Rs.8.27 in Q3 against Rs.4.02 in the corresponding quarter of the last year.
Commenting on the results, Vikas B. Sharma, MD Supreme Infrastructure India Ltd. said, "We are extremely pleased with our results. The jump in PAT is due to better resource deployment and cost control. We are confident of maintaining the same pace in the time to come"
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.