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    HomeNewsBusinessStocksSical Logistics rises 5% as Q1 net profit jumps 72%

    Sical Logistics rises 5% as Q1 net profit jumps 72%

    The company's operating profit (EBITDA) increased 41 percent at Rs 44 crore and EBITDA margin rose 340 bps at 18 percent.

    August 03, 2017 / 09:54 IST
    (Representative image: PTI)
       
       
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      Shares of Sical Logistics advanced 5.6 percent intraday Thursday on the back of robust Q1 (April-June) numbers.

      The company's consolidated net profit was up 72.30 percent at Rs 11.2 crore versus Rs 6.5 crore, in a same period last year.

      Its revenue was up 14.4 percent at Rs 244.7 crore versus Rs 213.9 crore.

      The company's operating profit (EBITDA) increased 41 percent at Rs 44 crore and EBITDA margin rose 340 bps at 18 percent.

      The company at its meeting held on August 2, has decided to provide corporate guarantee to the extent of Rs 40 crore to Kamarajar Port on behalf of the company’s subsidiary for execution of the modification project.

      sical

      At 09:50 hrs Sical Logistics was quoting at Rs 266, up Rs 5.60, or 2.15 percent on the BSE.

      Posted by Rakesh Patil

      first published: Aug 3, 2017 09:54 am

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