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Chemical Firm TGV SRAAC Stocks Jump After Strong Q2 Results

Reported by Pooja Nair (Section Editor) · Livemint - Markets ·

Source: Livemint
Important
Chemical Firm TGV SRAAC Stocks Jump After Strong Q2 ResultsPhoto: Openverse - wikimedia

Shares of TGV SRAAC rose sharply in Thursday's trading session following the release of strong financial results for the quarter ending September 30, 2026. The stock opened at 125.50 rupees per share on the BSE compared to the previous close of 120.65 rupees and reached an intraday high of 137.80 rupees on November 12.

Financial Performance

For the second quarter of fiscal year 2027, the company reported a net profit of 55.72 crore rupees, marking a 50.4 percent increase from 37.05 crore rupees in the same period of the previous year. Profit before tax grew to 76.84 crore rupees compared to 49.89 crore rupees in the year-ago quarter. Revenue from operations went up by 18.1 percent to reach 590.47 crore rupees, while total income rose to 596.57 crore rupees. Earnings before interest, taxes, depreciation, and amortization reached 111 crore rupees with an EBITDA margin of 18.78 percent.

Stock Returns

Short-term and long-term figures show varied gains for investors. The stock gained 10.45 percent over the past week and 15 percent over two weeks, though monthly gains moderated to 5.70 percent. Over longer periods, shares surged 18 percent year-to-date, 13.32 percent over the past year, and 147 percent over five years.

Context

Public companies regularly report quarterly earnings to give investors a clear picture of their financial health and operational progress. Strong profit and revenue growth often attract fresh buyer interest in a stock, which can push prices higher during trading sessions.

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