DIC India wears a "green" coat
By Research Desk
about 9 years ago
DIC India, earlier known as Coates India is in the limelight today, thanks to its very good set of third quarter numbers (year ending 31st Dec). The stock rose to an intra day high of Rs.740 which is just inches away from the 52-week high of 746.75.
The company for Q3 ended 30th Sept 2015, with a 4% (YoY) jump in net sales at Rs.191 crore. Raw material cost was down 2% while other income rose over 4 times. EBITDA was up by a whopping 164% at Rs.16.55 crore and margins surged from 3.41% to 8.65%. Net profit for the quarter was up 250% at Rs.7 crore.
The company ended its 9M period with a net profit at Rs.21 crore v/s a net loss of Rs.32 crore in previous 9M. The company is virtually debt free.