Divyashakti Granites has been breaching its 5% upper circuit consistently since the 25^th of July. Today too, it is locked at this 5% UC at Rs.128.55, which is not very far away from its 52-week high of Rs.137.50.

The company declared its Q1FY17 performance on Saturday and it has been a good show which the market is obviously celebrating. With almost 60% of its total turnover coming from exports, its total income for the quarter was at Rs.32 crore, up 45% with domestic sales flat at Rs.11 crore and exports jumping up 111% at Rs.19 crore.

Costs came in a bit higher – 81% of total income v/s 77% in previous Q1. EBITDA was at Rs.7 crore, up 40% while margins jumped up from 22.47% to 21.87%. Net profit for the quarter was at Rs.5 crore, up 15% while NPM improved from 13.64% to 15.62%.  

Its equity stands at Rs.10.27 crore and EPS came in at Rs.5.33 (FV of Rs.10/share). Reserve is at Rs.81 crore. Promoters stake is at 57.91%.