Its PAT for the quarter came in at Rs 7.92 crore, an increase of 88.6% YoY. This was due to substantial increase in other income to Rs. 4.36 crore as against Rs. 0.75 crore in the corresponding quarter of last year. 

Its EBITDA for the quarter rose by 16.9 per cent YoY to Rs 9.01 crore with a corresponding margin contraction of 814 bps. The EBITDA margin for the quarter stood at 29.7 per cent. This margin contraction was due to jump in employee benefit expenses and project expenses by 86.9 per cent YoY and 64.3 per cent YoY, respectively.

The company’s PAT came in at Rs 7 crore, representing 18 per cent sequential increase and 138 per cent YoY increase. 

Its EBITDA for the quarter rose by 4.9 per cent YoY to Rs 32.74 crore, with a corresponding margin contraction of 113 bps. The EBITDA margin for the quarter stood at 10.1 per cent. This margin contraction was led by 38 per cent YoY jump in the cost of materials.

Following stocks are close to their 52-week low as at 12.36 p.m. on February 15.

The markets on February 15 opened up. BSE Sensex is trading at 34,389.77, up by 233.82 points and the Nifty is trading at 10,572.95, up by 72.05 points.

In a blacklash to Fortis Healthcare, ratings agency CARE Ratings downgraded its ratings on borrowings worth Rs 853 crore on Wednesday.

The share price of Cox & Kings surged by over 8 per cent on the bourses in Thursday’s trade session following the announcement of its financial results for the third quarter of the fiscal year 2018 on Wednesday. 

Time Technoplast reported stable quarterly numbers. The bottomline and topline grew steadily, but with no margin improvement.

NLC India reported its quarterly results after market hours. The topline remained subdued  while margins grew just about one per cent over the previous year.