Shares of Advanced Enzyme Technologies Ltd. surged as much as 9% on Wednesday, November 12, in response to their September quarter results that were reported during market hours.

The company's net profit increased by 32% from the same quarter last year to ₹43.3 crore from ₹33 crore, while its revenue grew by 26.4% from the year-ago period to ₹184.5 crore from ₹146 crore.

Advanced Enzyme reported strong operating performance, with Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) grew by 42% to ₹60 crore from ₹42.3 crore last year.

EBITDA margin expanded by 350 basis points from the year-ago quarter to 32.5% from 29%.

The company did not declare any dividend this time around. Back in 2017, it had divided one equity share of ₹10 into five equity shares of ₹2 each.

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