Butterfly looks bright and colourful

Butterfly Gandhimathi Appliances is a well know South based company, making pressure cookers, LPG Stoves, Vacuum Flasks. domestic Electric Food Mixers and Table-Top Wet Grinders.

The stock is very much in the limelight today, galloping to an intra day high of Rs.213.40 from previous close of Rs.192.20. Volumes are up from a two-week average of 39,000 shares to over 1.60 lakh shares changing hands today morning. Its 52-week high stands at Rs.310.

The stock is reacting positively to the very good set of numbers posted for Q1FY16. Robust demand pushed up the net sales to Rs.234 crore, more than doubling up, increasing 119% (YoY). This increase in topline percolated down to the bottomline with net profit rising by a whopping 23 times at Rs.4 crore v/s Rs.17 lakh in Q1FY15. This net profit of Q1 has already surpassed the net profit of Rs.3 crore of entire FY15. Clearly, if the same robust demand continues, it will end FY16 on a bumper note.