Emco Ltd Quarterly Profit at Rs.9 Crores

Emco Ltd has announced the UnAudited Financial Results for the quarter ended June 30, 2007.

The Company has posted a profit after taxes of Rs.90.07 million for the quarter ended June 30, 2007 where as the same was at Rs.74.94 million for the quarter ended June 30, 2006. Total Income is Rs.1543.24 million for the quarter ended June 30, 2007 where as the same was at Rs.1105.47 million for the quarter ended June 30, 2006.

The company reported an Earnings Per Share (EPS) of Rs.8.82 for Quarter ended June 30, 2007 compared to Rs.9.8 reported during Quarter ended June 30, 2006.

The Company has submitted an application with the Hon´ble High Court of Bombay for sanctioning the scheme of amalgamation of Urja Engineers Ltd and India Energy Investments Pvt Ltd with the Company. The Hon´ble High Court of Bombay has fixed the Court convened meeting of the Equity Shareholders at the Company on August 18, 2007. Accordingly, the above results do not include the results of Urja Engineers Ltd and India Energy investment Pvt Ltd.

The stock was trading at Rs.913.20, down by Rs.69.75 or 7.10%. The stock hit an intraday high of Rs.1003.90 and low of Rs.902. The total traded quantity was 26967 compared to 2 week average of 17657.

Source : Equity Bulls

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