Ujaas
Ujaas Energy hit a new 52-week high today at Rs.35.50 on the back of its very good performance for Q2FY17. It continues to trade 15% up at Rs.35 levels.
The company posted a 3.3 times surge in net profit at Rs.10 crore v/s Rs.3.28 crore (YoY) and this was on a robust 128% jump in net sales at Rs.121 crore.
Despite a 2.5 times rise in total costs, thanks to the exuberant topline, the company’s EBITDA came in Rs.18 crore, up 50%.
The company’s H1FY17 net profit at Rs.17 crore is already 81% of FY16 net profit and with two more quarters to go, looks like it will be a powerful fiscal.
Debt as at 30th Sept’16 stood at Rs.92 crore and cash was at Rs.49 crore. Equity stands at Rs.20 crore (Re.1 FV) and reserve is at Rs.207 crore.