Net profit rose by 68.70 percent quarter-on-quarter and 24.4 percent year-on-year to Rs 4.69 crore in the third quarter of current financial year 2012-13.
Total income from operations increased 15.5 percent QoQ and 14.2 percent YoY to Rs 143.78 crore during the same quarter.
Shares jumped 20 percent to close at Rs 136 amid large volumes on Bombay Stock Exchange. There were pending buy orders of 53,074 shares, with no sellers available.
Trading volumes went up significantly to 4,00,405 equity shares as compared to its five day average of 12,943 shares. Market capitalisation of the company currently stands at Rs 257.42 crore.
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Shalimar Paints spikes 20% on solid numbers in Q3
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