Shreyas Shipping sails high
By
Ruma Dubey
about 7 years ago
Shreyas Shipping jumped up over 14% today at Rs.590, clocking volumes of over 32 times.
The stock price jumped up on the back of its very good earnings, Call it the lower base effect or whatever, the market gave it a thumbs up.
The company, for Q4FY18, posted a net profit of Rs.23 crore v/s loss of Rs.13 crore in Q4FY17. In the previous Q4, the loss was on account of an exceptional loss of Rs.23 crore.
Its revenue rose 65% (YoY) at Rs.158 crore.
EBITDA jumped up almost twice to Rs.30 crore while margins were up 370 bps at 18.7%.