Shri Lakshmi Cotsyn surges on reporting 41% rise in Q3 net profit

16 May 2012

Shri Lakshmi Cotsyn is currently trading at Rs. 127.95, up by 1.50 points or 1.19 % from its previous closing of Rs. 126.45 on the BSE.

The scrip opened at Rs. 129.10 and has touched a high and low of Rs. 130.00 and Rs. 127.30 respectively. So far 41504 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 156.50 on 01-Mar-2012 and a 52 week low of Rs. 70.15 on 05-Aug-2011.

Last one week high and low of the scrip stood at Rs. 137.80 and Rs. 124.10 respectively. The current market cap of the company is Rs. 339.20 crore.

The promoters holding in the company stood at 45.94% while Institutions and Non-Institutions held 13.72% and 40.33% respectively. 

Textile firm, Shri Lakshmi Cotsyn’s net profit rose by 40.72% to Rs 38.98 crore for the third quarter ended March 31, 2012. The company had posted a net profit of Rs 27.7 crore during the same period of previous year.

The net sales of the company rose 58.79% to Rs 695.14 crore during the quarter compared to Rs 437.78 crore during the same period of previous year.

For the nine months period ended March 31, 2012, the company’s net profit stood at Rs 84.14 crore compared to Rs 76.79 crore in the year ago period, up by 9.57%.

The company’s net sales stood at Rs 1,700.57 crore against Rs 1,285.24 crore in the same period of last year, up by 32.32%.

Related Shri Lakshmi Cotsyn Ltd. Links:
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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