Smallcap Promoter Acquires Shares Worth Rs 111337707 in the Past Three Weeks
The promoter of the company, Rahul Gautam, has been on a buying spree with his latest stock purchase worth Rs 1,52,05,362.00
The promoter of Sheela Foams, Rahul Gautam, has been on a buying spree with his latest stock purchase worth Rs 1,52,05,362.00. In today’s session, he bought 16,000 equity shares. This marks yet another acquisition in a series of recent purchases. Earlier, in this month on December 5, 2024, he acquired 17,500 shares valued at Rs 1,50,44,432.00 and on December 3, 2024, he bought 12,500 shares for Rs 1,07,51,090.00. In the month of November, starting from November 22, 2024, he bought 87,500 shares for a total value of Rs 8,04,10,823.00.
In total, Rahul Gautam has purchased 1,33,500 equity shares during this period. The total value of securities acquired amounts to Rs 11,13,37,707.00.
Q2 FY25 results
Sheela Foam reported a sharp decline in its quarterly earnings, with consolidated net profit tumbling 77.68 per cent to Rs 9.81 crore in Q2 FY25, compared to Rs 43.96 crore in Q2 FY24. However, revenue from operations witnessed significant growth, rising 32.54 per cent to Rs 812.75 crore in Q2 FY25, up from Rs 613.18 crore reported in the corresponding quarter last year.
The company’s operating earnings before interest, taxes, depreciation, and amortization (EBITDA) for the September 2024 quarter grew marginally by 4 per cent to Rs 69 crore, compared to Rs 66 crore in Q2 FY24. Company’s EBITDA margin contracted by 200 basis points, standing at 9 per cent in Q2 FY25, down from 11 per cent recorded in the corresponding quarter of the previous fiscal year.
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About the Company
Sheela Foam Limited is a leading player in India’s mattress and foam products industry and a leader in Polyurethane (PU) Foam. It has a nationwide presence in manufacturing PU Foam with a track record since 1971. Sheela Foam is the market leader and the largest manufacturer of Polyurethane Foam in India. Company enjoys 30 per cent Market Share in the Mattresses segment in India and 40 per cent market share in Australia.
Disclaimer: This article is for informational purposes only and not investment advice.