Ucal Fuel Systems zooms 20% on strong Q2 net profit

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters Ucal Fuel Systems was locked in upper circuit of 20% at Rs 235 on the BSE after the company reported nearly doubled net profit at Rs 15.98 crore in September quarter (Q2FY18). The auto ancillary company had profit of Rs 8.03 crore in the same quarter year ago.

Total income of the company however, declined 7% to Rs 160 crore against Rs 172 crore in the corresponding quarter of previous fiscal.

The trading volumes on the counter jumped multiple-fold with a combined 854,278 shares changed hands till 09.28 AM. There were pending buy orders for 167,938 shares on the BSE and NSE so far.

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