Celestial Labs posted 222.8% surge in net profit in Q4

Celestial Labs soared 7.66% to Rs 44.25 at 10:53 IST on BSE after the company posted 222.8% surge in net profit in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 45.20 and a low of Rs 42.35 so far during the day. The stock had a 52-week high of Rs 78.25 on 4 January 2008 and a 52-week low of Rs 28.25 on 18 March 2008.

The small-cap bioinformatics services provider has an equity capital of Rs 11.19 crore. Face value per share is Rs 10.

The current price of Rs 44.25 discounts its Q4 March 2008 annualised EPS of Rs 9.12, by a PE multiple of 4.85.

The net profit of Celestial Labs surged 222.8% to Rs 2.55 crore on 56.3% rise in sales to Rs 4.94 crore in Q4 March 2008 over Q4 March 2007.

Hyderabad-based Celestial Labs operates in IT/bioinformatics, biotechnology and consultancy work.