Sharda Motor shares surged over 6% in early trade after the company reported a steady set of Q3 results, supported by strong revenue growth despite some pressure on margins.
The company posted consolidated revenue of Rs 882 crore for the December quarter, marking a 27.8% jump compared with Rs 690 crore in the same period last year. EBITDA rose 12.6% year-on-year to Rs 106 crore from Rs 94.5 crore, reflecting higher operating scale, though profitability was partly weighed down by costs. As a result, the EBITDA margin declined by 160 bps to 12.1% from 13.7% a year ago. Net profit increased 7.8% to Rs 81.4 crore versus Rs 75.4 crore in Q3 last year.
The stock reacted positively to the earnings announcement. As of 9:51 AM IST, Sharda Motor shares were trading sharply higher, touching an intraday high of Rs 947.25 after opening at Rs 891. The stock moved up from the day’s low of Rs 883.65, compared with the previous close of Rs 879.70. On a longer-term basis, the stock remains well above its 52-week low of Rs 625.00, though still below the 52-week high of Rs 1,248.00.
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