Tega Industries’ stock soared by 11% following the announcement of its impressive Q3 earnings for the financial year. As of 1:47 PM, the shares were trading 11.35% higher at Rs 1,701.40.
The company reported a substantial 52.3% increase in net profit, reaching ₹54.2 crore compared to ₹35.6 crore during the same period last year (YoY). This remarkable growth reflects Tega Industries’ robust performance and strong market presence.
Revenue for Q3 rose by 20.3%, standing at ₹409.3 crore, up from ₹340.2 crore in the previous year. The company also saw a significant improvement in EBITDA, which surged 62.7%, reaching ₹91.3 crore from ₹56.1 crore YoY. Additionally, Tega Industries’ EBITDA margin expanded to 22.3% in Q3, up from 16.5% YoY.
Tega Industries shares opened at ₹1,515.00, reaching a high of ₹1,736.50 and a low of ₹1,515.00 during the day. The stock has seen significant movement over the past year, with a 52-week high of ₹2,328.90 and a low of ₹1,070.00.
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