Moneycontrol
Aug 10, 2017 02:10 PM IST | Source: Moneycontrol.com

Manpasand Beverages up 4% on strong Q1 nos, recommends bonus share

The company in its meeting held on August 10, has recommended the issue of bonus shares in the ratio of 1:1, subject to the approval of the members of the Company.

Picture for representational purposes.
Picture for representational purposes.
 
 
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Share price of Manpasand Beverages added 4.5 percent intraday Thursday on strong Q1 numbers and bonus issue recommendation.

The company's Q1 (April-June) net profit rose 25.3 percent at Rs 35.9 crore against Rs 28.6 crore, in the same period last year.

Its revenue increased 27.2 percent at Rs 301.5 crore versus Rs 237 crore.

The company’s operating profit (EBITDA) was up 24.5 percent at Rs 56.3 crore and EBITDA margin was at 19.1 percent.

The company in its meeting held on August 10, has recommended the issue of bonus shares in the ratio of 1:1, subject to the approval of the members of the Company.

At 14:06 hrs Manpasand Beverages was quoting at Rs 783.95, up Rs 16.80, or 2.19 percent on the BSE.

Posted by Rakesh Patil
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