Filatex India gains 50 per cent net profits YoY

The company on Wednesday reported its Q2FY19 earnings.

The standalone revenue stood at Rs. 718 crore in Q2FY19 up by 73 per cent  yoy. In terms of net profit the company witnessed a 50 per cent surge as it stood at Rs 20.25 crore in Q2FY19 as against Rs 13.52 crore accrued in the same quarter of the previous year.

The EBIDTA came in at Rs 64.84 crore in the second quarter of the FY19, up by 79 per cent as against Rs 36.08 crore in the same quarter of the previous year.

However, the shares of the company on Wednesday closed at Rs 47.70 per share, down by 2.85 per cent. Its 52-week high was Rs 59.35 and 52-week low was RS.30.06. The intraday high was Rs.50 and intraday low was 46.35. 

Sensex closed at 34,442.05 level, up by 1.63 per cent