Kalindee Rail Nirman Engineers Ltd quarterly net profit at Rs.28.94 Million

Kalindee Rail Nirman Engineers Ltd has announced the financial results for the quarter ended June 30, 2007.

The company has reported total income of Rs.481.34 Million during quarter ended June 30, 2007 compared to Rs.193.74 Million during quarter ended June 30, 2006. The company posted net profit after tax of Rs.28.94 Million during quarter ended June 30, 2007 as compared to Rs.9.93 Million during quarter ended June 30, 2006.

The company has reported an Earnings Per Share (EPS) of Rs.2.76 for the quarter ended June 30, 2007 compared to Rs.2 during quarter ended June 30, 2006.

In its exploratory efforts to diversify business, company has been in a position to tap certain supply contracts which is envisaged to become a good business source and accordingly the company now operates in two business segments viz, Construction and supply.

The stock closed the day at Rs.257.45, up by Rs.6.15 or 2.45%. The total traded quantity was 3017 compared to 2 week average of 9756. The stock hit an intraday high of Rs.260 and low of Rs.255.

Source : Equity Bulls

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