Kwality Stock Rallies As Profit Jumps 19.3%

Kwality Ltd. stock rose as much as 4.8 percent to Rs 126.4 after the dairy products maker reported 19.3 percent profit growth in the June quarter.

Profit rose to Rs 42.27 crore compared to Rs 35.43 crore in the April to June period last year, according to the company’s filing to the stock exchanges.

Net sales grew 5.5 percent to Rs 1,473 crore from Rs 1,396 crore in the year ago period.

While earnings before interest, taxes, depreciation and amortization grew 4 percent, EBITDA margins dipped to 6.5 percent from 6.6 percent last year.