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GMDC, Salzer Electronics, Gillette up 3-7% on strong Q3 nos

GMDC's Q3 net profit increased sharply by 68.8 percent to Rs 78.5 crore compared to Rs 46.5 crore in year-ago.

February 09, 2018 / 01:58 PM IST
 
 
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Share price of GMDC, Salzer Electronics and Gillette India added 3-7 percent intraday Friday on the back strong December quarter results.

GMDC's Q3 net profit increased sharply by 68.8 percent to Rs 78.5 crore compared to Rs 46.5 crore in year-ago.

Revenue from operations jumped 33.1 percent to Rs 506.1 crore, from Rs 380.3 crore in same period last year.

Operating profit shot up 98.6 percent to Rs 131.3 crore and margin 850 basis points to 25.9 percent compared to same quarter last year.

Salzer Electronics has reported 57.6 percent jump in its Q3 net profit at Rs 5.3 crore against Rs 3.3 crore, YoY. Revenue was up 10.5 percent at Rs 110.7 crore versus Rs 100.2 crore.

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Gillette India's December quarter (Q3FY18) net profit gained 7.3 percent at Rs 58.8 crore against Rs 54.7 crore. Revenue was up 4.7 percent at Rs 407.5 crore against Rs 389.5 crore.

Operating profit rose 31.5 percent at Rs 97.9 crore and margin was up 490 bps at 24 percent.

At 13:44 hrs Salzer Electronics was quoting at Rs 214.95, up 5.89 percent, Gillette India was quoting at Rs 6,640, up 2.66 percent and GMDC was quoting at Rs 151.80, up 5.89 percent on the BSE.

Posted by Rakesh Patil
first published: Feb 9, 2018 01:50 pm

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