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Chemfab Alkalis touches the roof on reporting over two-fold jump in Q3 net profit

09 Jan 2013 Evaluate

Chemfab Alkalis is currently locked at its upper circuit limit of Rs. 91.10, up by 15.15 points or 19.95 % from its previous closing of Rs. 75.95 on the BSE.

The scrip opened at Rs. 81.15 and has touched a high and low of Rs. 91.10 and Rs. 79.85 respectively. So far 110722 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 91.10 on 09-Jan-2013 and a 52 week low of Rs. 37.25 on 25-May-2012.

Last one week high and low of the scrip stood at Rs. 91.10 and Rs. 74.55 respectively. The current market cap of the company is Rs. 83.55 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 0.10% and 24.90% respectively.

Chemfab Alkalis has reported results for third quarter ended December 31, 2012.

The company has reported a rise of over two fold in its net profit at Rs 6.86 crore for the quarter ended December 31, 2012 as compared to Rs 2.81 crore for the same quarter in the previous year. Total income from operation has surged 63.36% at Rs 30.81 crore for quarter under review as compared to Rs 18.86 crore for the quarter ended December 31, 2011.

Chemfab Alkalis is engaged in manufacturing of caustic soda lye, liquid chlorine, hydrogen gas, hydrochloric acid, sodium hypochlorite and barium sulphate. 

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