New Delhi, Aug. 12 -- Shares of Tilaknagar Industries surged 9% to Rs.513 apiece in intraday trade on Tuesday, August 12, following the company's strong June quarter results, driven by healthy volume growth of 26.5% YoY to reach 32.1 lakh cases, its highest-ever Q1 volume since FY15.

The company reported a profit after tax of Rs.89 crore, a 120.8% jump from Rs.40 crore in the year-ago quarter. Revenue from operations rose 30.6% YoY to Rs.409 crore. Adjusted for the subsidy income of Rs.38.6 crore, revenue growth was still a solid 20.5%.

Tilaknagar achieved its highest-ever quarterly EBITDA of Rs.94.5 crore, with margins expanding 705 basis points to 23.1%. The company is a leader in the Indian-made foreign liquor (IMFL) brandy segment, ...