Aro Granite Industries Q1 net profit at Rs.5 cr; EBITDA Margin at 14.4%

The company's total income has increased by 12% at Rs.67.1 crore for the quarter against Rs.59.9 crore in the corresponding quarter of the previous year.

Jul 18, 2016 02:07 IST India Infoline News Service

Aro Granite Industries recorded its net profit at Rs.5 crore for the quarter ended June 30, 2016 as compared to Rs.1.42 crore for the quarter ended June 30, 2015. The company's total income has increased by 12% at Rs.67.1 crore for the quarter against Rs.59.9 crore in the corresponding quarter of the previous year.

During the quarter under review, EBITDA Margin were at 14.4% compared with 11.8%.

Stock commentary:

Aro Granite Industries Ltd is currently trading at Rs. 78, up by Rs. 11 or 16.42% from its previous closing of Rs. 67 on the BSE.
The scrip opened at Rs. 68 and has touched a high and low of Rs. 78.7 and Rs. 66.1 respectively. So far 334711(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 102.51 crore.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 69.65 on 15-Jul-2016 and a 52 week low of Rs. 37 on 01-Mar-2016. Last one week high and low of the scrip stood at Rs. 69.65 and Rs. 59.1 respectively.
The promoters holding in the company stood at 40.95 % while Institutions and Non-Institutions held 1.94 % and 57.11 % respectively.

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