Shares of Aarti Surfactants shot up over 17 percent in early trade on April 28, a day after the company posted stellar earnings for the fourth quarter.
The company's net profit for the January-March period jumped nearly twofold on year to Rs 469.60 lakh, up from Rs 237.54 lakh in the corresponding quarter a year ago.
The jump in net profit was on account of improved operational margins due to falling raw material costs.
The sharp rise in the bottomline was also accompanied by robust revenue that increased 4.2 percent year-on-year to Rs 157.84 crore in Q4 as against Rs 15,140.21 in the year-ago period.
At 10.35 am, shares of Aarti Surfactants were trading at Rs 698.50 on the National Stock Exchange, up 13.84 percent from the previous close.
Volumes remained strong too, with two lakh shares of the company changing hands against the one-month daily traded average of 97,000 shares.
Catch all the market action on our live blog
For FY23, Aarti Surfactants posted an even steeper rise in net profit at Rs 12.7 crore, up from Rs 5.49 crore in the previous fiscal.
Easing input cost pressures and a robust demand environment have aided the company's fortunes in recent times, with the stock rising over 66 percent in the past month.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
