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Orbit Corporation Q2 Results + Stock Hits All time High

October 16, 2007

Orbit Corporation reported a net profit of Rs 1.85 crore on sales of Rs 13.11 crore in Q2 September 2007. On consolidated basis, the company posted net profit of Rs 39.88 crore on sales of Rs 97.55 crore in Q2 September 2007. The comparable figures of previous corresponding year were not available.

As per reports, the company has a total land bank of 1.1 million square feet and it targeting sales of Rs 800 crore in the year ending March 2008.

At the current price of Rs 662.50, the scrip trades at a PE multiple of 324.75, based on Q2 September 2007 annualised EPS of Rs 2.04.

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