Moneycontrol
Aug 10, 2017 09:29 AM IST | Source: Moneycontrol.com

National Peroxide up 9% on robust Q1 nos, approves capacity expansion

The company has reported 46.7 percent jump in its Q1 net profit to Rs 17.9 crore versus Rs 12.2 crore in the same quarter last fiscal.

National Peroxide up 9% on robust Q1 nos, approves capacity expansion

Moneycontrol News

Shares of National Peroxide gained 9.2 percent intraday Thursday on robust Q1 (April-June) numbers.

The company has reported 46.7 percent jump in its Q1 net profit to Rs 17.9 crore versus Rs 12.2 crore in the same quarter last fiscal.

Revenue of the company rose 18 percent at Rs 76.9 crore versus Rs 65.1 crore.

The company at its meeting held on August 9, has considered and approved capacity expansion of company's hydrogen peroxide plant at Kalyan (on 50 percent week-on-week basis) from 95,000 tonnes per annum to 1,50,000 tonnes per annum.

At 09:24 hrs National Peroxide was quoting at Rs 1,480, up Rs 83.60, or 5.99 percent on the BSE.

Posted by Rakesh Patil
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