Lux Industries, Torrent Power shares surge up to 9% on back of strong q3 numbers
Shares of Lux Industries Ltd and Torrent Power on Friday surged up to 9 per cent on the back of a strong result posted by the two companies.
Shares of Lux Industries Ltd and Torrent Power on Friday surged up to 9 per cent on the back of a strong result posted by the two companies. Hosiery maker Lux Industries has reported a 34.6% YoY rise in the consolidated profit at Rs 101.2 crore and the company engaged in the generation, transmission and distribution of power, Torrent Power, has reported a 15% YoY rise in the consolidated profit at Rs 368.1 crore in the quarter ended December 2021.
Stock catering to other apparel and accessories segment, Lux Industries, hit day's high of Rs 3183.40 on the BSE, a jump of 9 per cent from Thursday's closing of Rs 2896.65 per share. At 11.30, shares of Lux Industries traded with 6 per cent gain or higher by Sr 173 to Rs 3070 a share on the BSE.
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Earlier on Thursday, Lux Industries revenue from operations grew 23.6% YoY to Rs 664.3 crore in q3 against Rs 537.6 crore posted in the same quarter last year. EBITDA stood at Rs 141.5, up 32.5% from Rs 106.8 crore posted last year. Margins improved to 21.3% in Q3FY22 against 19.9% posted in Q3FY21.
Around the same time, Shares of Torrent Power traded with over 7 per cent gain or Rs 38.75 to Rs 579.65 apiece on the BSE.
Torrent Power q3 result saw revenue from operations growing 27.6% to Rs 3767.4 crore against Rs 2952.7 crore posted last year. EBITDA stood at Rs 934 crore, up 7.3% from Rs 870.7 crore posted last year. Margins declined to 24.8% in Q3FY22 against 29% posted in Q3FY21. Besides, the board has approved an interim dividend of Rs 9 per share and fixed February 11, 202, as the record date.
Stocks of both of these companies have surged over 80 per cent on the NSE in the last one year as on February 4, showed technical data of the shares.