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    Monday , June 27, 2016

   Parag Milk Foods up 4% post robust Q4 numbers  (Visit Website)

   Publication: moneycontrol.com , Agency:Bureau
   Edition: Internet , Page No: 0 , Location: Internet , Size(sq.cms): 0
  

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Parag Milk Foods up 4% post robust Q4 numbers


Jun 27, 2016, 

Share prices of  Parag Milk Foods 
  rose 4 percent intraday Monday on the back of better fourth quarter numbers.

The company's Q4 (Jan-March) net profit increased by 49.6 percent at Rs 19.6 crore against Rs 13.1 crore, in the same quarter last fiscal.

The revenue of the company rose 16 percent at Rs 408.2 crore versus Rs 349.5 crore.

EBITDA of the company was at Rs 42.9 crore versus Rs 27.1 crore and the margins have increased by 290 bps at 10.5 percent versus 7.7 percent.

The company had recently raised Rs 760 crore through an initial public offer (IPO) with a price band of Rs 215-227 per share. The issue period was opened from May 4-11.

At 09:59 hrs Parag Milk Foods was quoting at Rs 266.50, up Rs 7.10, or 2.74 percent on the BSE.
 
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Parag Milk Foods up 4% post robust Q4 numbers
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Date: Monday , June 27, 2016
Publication: moneycontrol.com, Agency: Bureau
Edition: Internet, Page No: 0, Location: Internet, Size(sq.cms): 0