DB Corp rallies 3% ahead of Q1 results; net profit seen at Rs 85 crore

NEW DELHI: DB Corp Ltd rallied as much as 3.1 per cent in trade on Thursday ahead of its results for the quarter ended June 30. The company is expected to report 12% YoY increase in net profit to Rs 85 crore.

DB Corp reported a net profit of Rs 76 crore in the year-ago period.

At 10:05 a.m.; the stock was trading 1.1 per cent higher at Rs 331. It hit a low of Rs 330 and a high of Rs 337.60 in trade today.

The sales are expected to show a muted growth of 10 per cent YoY to Rs 492 crore for the quarter ended June 30 as compared to Rs 449 cr reported in the corresponding quarter of the last fiscal.