Wednesday, November 12, 2025

This building materials stock is up 12%, bucking the trend amidst sell-off; Here’s why

Date:

Shares of Interarch Building Solutions Ltd. are trading with gains of 12% on Friday, November 7, in response to its September quarter results, which were reported after market hours on Thursday.Interarch’s revenue increased by 52% from last year to ₹491.1 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased to ₹41.7 crore, which is a 65% jump from the ₹25.3 crore it reported during the same quarter last year.

EBITDA margin for the quarter has expanded by 70 basis points to 8.5% from 7.8% last year.

The company’s total order book at the end of July 31, 2025 stood at ₹1,695 crore.In an interaction with CNBC-TV18 on October 12, Manish Garg of Interarch Building Solutions said that he maintains the company’s growth guidance of 17.5% for financial year 2026.

Garg also said that demand is very robust on ground and that margins will improve further going forward

Shares of Interarch Building Products are trading 12.6% higher at ₹2,462. The stock has risen 24% in the last one month.

The stock is up nearly 3x from its IPO price of ₹900 per share since its listing in August 2024.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

SoftBank stock price tanks 10% after selling Nvidia stake worth $5.8 billion

जापानी टेक निवेशक द्वारा यह कहने के बाद कि...

Protesters force their way into COP30 summit venue, clash with security

Dozens of Indigenous protesters forced their way into the...

Sridhar Sivaram remains selectively positive on PSU banks and sees opportunities in financials

Sridhar Sivaram of Enam Holdings believes the financial space...

Sensex Today | Stock Market LIVE Updates: Nifty futures continue to trade higher; Crompton TP cut

Sensex Today | Stock Market LIVE Updates: For the...