Strong Q4 result towers Simplex Realty

 

Simplex Realty was locked at 5% upper limit at Rs 200.65 at 14:12 IST on BSE after posting 3110.21% surge in net profit to Rs 25.14 crore on 131955.2% increase in total income to Rs 76.59 crore in Q4 March 2008 over Q4 March 2007.

The company announced the results during trading hours today, 19 June 2007.

Meanwhile, the BSE Sensex was down 294.42 points, or 1.91%, to 15,127.89 on weak cues from global markets. The Dow Jones Industrial Average hit its lowest level in three months on Wednesday, 18 June 2008, as worries about a weak US economy compounded by credit sector concerns dragged down shares in banks, autos and transport firms.

On BSE, 872 shares were traded in the counter. The scrip had an average daily volume of 926 shares in the past one quarter.

The stock hit a high of Rs 200.65 and a low of Rs 199.75 so far during the day. The stock had a 52-week high of Rs 403 on 4 December 2007 and a 52-week low of Rs 123.75 on 24 March 2008.

The small-cap company had outperformed the market over the past one month till 18 June 2008, declining 5.42% compared to the Sensex’s decline of 10.49%. It had also outperformed the market in the past one quarter, gaining 46.72% compared to Sensex’s return of 2.85%.

The company has an equity capital of Rs 3 crore. Face value per share is Rs 10.

Simplex Realty reported a net profit of Rs 23.73 crore in the year ended March 2008 as compared to net loss of Rs 0.87 crore in the year ended March 2007. Total income rose 31236.73% to Rs 76.78 crore in the year ended March 2008 over the year ended March 2007.

The company is engaged in development of real estates. The company operates only in India.