In Thursday’s trading session, shares of S.H. Kelkar and Co. Pvt. Ltd. soared 5 per cent, after the fragrance maker had reported a strong quarter earnings for the quarter ended on September 30.
At 9:38 am, the shares of the company were trading 4.71 per cent up at Rs 96.65, while benchmark Sensex was 0.47 per cent lower at 43,388.
SH Kelkar on Wednesday after market hours reported a jump of 3.5 times in its net profit of Rs 53.8 crore for September quarter, against Rs 15 crore in the year-ago period. Revenues from operations during the quarter stood at Rs 351.9 crore, up from Rs 276.2 crore in the previous year period. The company’s EBITDA stood strong at Rs 77.3 crore as on September 30, against Rs 38.9 crore in the year-ago quarter.
“On the profitability front, higher operating leverage and a better product mix enabled us to report strong performance during the quarter, with EBITDA margins coming in at 21% Improved cost efficiencies and a stable raw material environment, we believe, should assist us in sustaining our margins at healthy levels going forward,” Kedar Ramesh Vaze, CEO, S.H. Kelkar and Co. Pvt. Ltd. said in a release.
Over the last one week, the shares of SH Kelkar has risen 8.3 per cent, but still 12 per cent down from year to date.