Oct 25, 2017 12:28 PM IST | Source: Moneycontrol.com

Saregama, International Paper, Rallis India gain 1-3% after good quarterly numbers

Rallis India rallied 3.79 percent intraday on Wednesday after the company reported Q2 results while Paper manufacturing company International Paper APPM jumped 2.11 percent intraday on Wednesday after reporting profit after tax at Rs 2.7 crore against loss of Rs 20.7 crore for Q1FY18.

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Stocks like Rallis India, International Paper, Saregama and ABB India rallied between 0.81 percent to 3.79 percent after they reported their respective quarterly numbers.

Rallis India rallied 3.79 percent intraday on Wednesday after the company reported Q2 results. Revenue was up 9 percent at Rs 587 crore as against Rs 538 crore YoY while gross margins stood at 39.8 percent against 38.8 percent. The company reported an Earnings before interest, tax, depreciation and amortization (EBIDTA) which was up 17 percent at Rs 122 crore and its margins were at 20.8 percent against 19.3 percent. PProfit after tax (PAT) was up 16 percent at Rs 77.25 crore.

Infrastructure company ABB India was up 0.81 percent intraday on Wednesday after the company reported its Q3 numbers wherein net profit was up 18 percent at Rs 83.3 crore against Rs 70.6 crore YoY. The company's revenue was however down 7 percent at Rs 1,915 crore against Rs 2,055 crore YoY. EBITDA of ABB was up 13.5 percent at Rs 134.1 crore as against Rs 118.2 crore YoY. Its EBITDA margins stood at 7 percent versus 5.4 percent YoY.

Media & Entertainment company Saregama India gained 1.08 percent intraday on Wednesday after the company reported profit after tax (PAT) at Rs 4.44 crore against Rs 2.06 crore YoY for Q1 of FY18. Revenue was up 76 percent at Rs 84.4 crore while its EBITDA stood at Rs 7.5 crore against Rs 0.9 crore. The company's margins was reported at 8.9 percent against 2 percent.

Paper manufacturing company International Paper APPM jumped 2.11 percent intraday on Wednesday after reporting profit after tax at Rs 2.7 crore against loss of Rs 20.7 crore for Q1FY18. Revenue was up 19 percent at Rs 284 crore as against Rs 239 crore while EBITDA stood at Rs 29.7 crore as against loss of Rs 0.4 crore. Margins was kreported at 10.5 percent.

At 12:22 hrs International Paper APPM was quoting at Rs 291.40, down Rs 6.75, or 2.26 percent. It has touched an intraday high of Rs 306.60 and an intraday low of Rs 291.00.

Rallis India was quoting at Rs 241.00, down Rs 11.15, or 4.42 percent. It has touched an intraday high of Rs 254.20 and an intraday low of Rs 239.00.