Wednesday, 1 November 2017

JSW steel & Divi's Labs up due to Q2 results!!

JSW Steel surges by over 2%, riding on the bull trend in the market. India’s largest steelmaker announced its Q2 results a day before, wherein the net profit was reported to be Rs 836 Cr, up by 29% over the last year.

Apart from the strong profits, the company reported highest quarterly sale of steel. Sales were up to 3.96 million tonnes, and this brought in a spike in revenue by 17%, over the last year. EBITDA of the company stood at Rs 3,036 Cr, which had increased by 4% as compared to the last year.


Divi’s Laboratories was up 5.5% at around 10 AM today. In its Q2 results released yesterday, the Company reported a Net Revenue of Rs 923.79 crores, EBITDA of Rs 310.79 crores and Net Profit of Rs 206.78 crores.

The Company has seen a drop in its net revenue from operations from Rs 994.18 crores in corresponding quarter of previous year (net of excise duty) to Rs 887.52 crores in the reported quarter by 11% and a slip in the net profit from Rs 223.85 crores in corresponding quarter of previous year to Rs 206.78 crores in the reported quarter by 8%.


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