Sanwaria Agro Oils rose 3.47% to Rs 37.30 at 15:07 IST on BSE, as net profit jumped 56.02% to Rs 22.07 crore in Q2 September 2008 over Q2 September 2007.
The company announced the results during trading hours today, 15 October 2008.
The stock hit a high of Rs 39 and a low of Rs 36 so far during the day. The stock has a 52-week high of Rs 55.50 on 23 May 2008 and a 52-week low of Rs 17.06 on 8 November 2007.
The company’s current equity is Rs 17.40 crore. Face value per share is Rs 1.
The current price of Rs 37.30 discounts the company’s Q1 June 2008 annualized EPS of Rs 9.57, by a PE multiple of 3.90.
Sanwaria Agro Oils’ net sales increased 54.93% to Rs 312.21 crore in Q2 September 2008 over Q2 September 2007.
The company is engaged in extracting, refining and trading of soya oil and soyameal. The products include soyabean crude oil, edible oil, soyameal and soya flour. The company is also exploring diversification into production of pollution free bio-diesel from non-edible oils available in India to strengthen national energy security.
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