Vakrangee share price rises 4% on strong Q3 nos

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Vakrangee share price rose 4 percent intraday on February 13 after the company posted strong numbers for the quarter ended December 2019.

The company's consolidated Q3FY20 net profit jumped 478 percent at Rs 21.4 crore including a one-time gain of Rs 2.9 crore.

The company had posted a profit of Rs 3.7 crore in the year-ago period.

Revenue of the company rose 105 percent at Rs 199.2 crore versus Rs 96.8 crore.

Earnings before interest, tax, depreciation and amortisation (EBITDA) was at Rs 10.4 crore versus EBITDA loss of Rs 14.5 crore.

At 13:55 hrs, Vakrangee was quoting at Rs 44.30, up Rs 1.05, or 2.43 percent on the BSE.