Emami Paper Mills locked in 10% upper circuit after posting robust Q3 show

Net sales rose 7.4% yoy to Rs400.08cr in the quarter ended Dec 2019.

Jan 10, 2020 08:01 IST India Infoline News Service

Shares of Emami Paper Mills were locked at 10% upper circuit on January 10 after the company reported a strong performance in Q3FY20. 

The company's Q3 net profit rose by 224% to Rs18.5cr vs. Rs5.7cr in the same quarter last fiscal. 

Net sales rose 7.4% yoy to Rs400.08cr in the quarter ended Dec 2019.

EBITDA rose 37% to Rs67cr vs. Rs48.9cr, while margin was up at 16.7% vs. 13.1% yoy.

Emami Paper Mills Ltd is currently trading at Rs89.50 up by Rs8.1 or 9.95% from its previous closing of Rs81.40 on the BSE.

The scrip opened at Rs89.50 and has touched a high and low of Rs89.50 and Rs89.50 respectively. So far 14,555 (NSE+BSE) shares were traded on the counter.

The current market cap of the company is Rs453.45cr.

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