Shares of Steamhouse India rallied as much as 10% to hit the upper circuit at Rs 118.45 on the BSE on Tuesday after the company reported an 80.25% increase in Q1 net profit to Rs 18 crore from Rs 10 crore in the same period last year.
The company’s revenue from operations came in at Rs 129 crore, marking a jump of 13.35% from Rs 113.5 crore posted in the corresponding quarter of the previous financial year. Margins for the quarter under review also improved 700 basis points to 24.05% while EBITA improved by 60% to Rs 309 crore.
