Thu, May 10, 2018
The graphite electrode maker reported a net profit of Rs 634.01 crore for the March quarter of financial year 2017-18. The profit comes against a net loss of Rs 3.42 crore in the same quarter of FY17. Revenue from operations climbed 383.71 per cent year-on-year to Rs 1,292.45 crore during the quarter under review. The figure came in at Rs 267.19 crore in the corresponding quarter of the previous year. Global brokerage Jefferies maintained a buy rating on the stock with a target price of Rs Rs 3,622, an upside of 23.31 per cent.
More >
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.