Hot Pursuit     20-Oct-11
Robust Q2 result lifts Repro India
Repro India rose 2.85% to Rs 171.15 at 15.29 IST on BSE after net profit rose 84% to Rs 9.40 crore on 18% growth in revenue to Rs 77.36 crore in Q2 September 2011 over Q2 September 2010.

The company declared its results during trading hours today, 20 October 2011.

Meanwhile, the BSE Sensex was provisionally down 138.76 points, or 0.81% to 16,946.58.

On BSE, 54,000 shares were traded in the counter as against average daily volume of 34,854 shares in the past one quarter.

The stock hit a high of Rs 177 and a low of Rs 163.50 so far during the day. The stock had hit a 52-week high of Rs 187 on 25 July 2011. The stock had hit a 52-week low of Rs 81 on 24 March 2011.

The small-cap stock had outperformed the market over the past one month till 19 October 2011, gaining 13.78% compared with the Sensex's return of 2.03%. The scrip had also outperformed the market in past one quarter, gaining 11.16% as against 8.41% decline in the Sensex.

The company has equity capital of Rs 10.67 crore. Face value per share is Rs 10.

Commenting on the results, Mr Mukesh Dhruve, Director, Repro India said, "With a focused strategy towards making our service solutions available globally, we have expanded geographies across continents, meeting the requirements of corporates and publishers around the world. This quarter, we added Baker & Taylor, BPP and Random House to our client list. There are lots of opportunities for large integrated printers in India. While India is currently 12th largest printing market globally, it is poised to climbed to 8th position if the current growth curve continues".

Repro India is a Mumbai based value added print solutions provider, with a client base of more than 200 domestic and international customers.

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