7,500 per cent returns: This multibagger small-cap company announces stellar quarterly results after bonus shares & stock split!
The stock gave multibagger returns of 190 per cent in just 1 year, 1,330 per cent in 2 years and over 7,500 per cent in 3 years.
Hardwyn India Ltd, a leading trader and manufacturer of architectural hardware and glass fittings, announced its Quarterly Results ended June 30, 2023. Details below:
Standalone Financial Highlights for the Q1FY24:
- Net sales stood at Rs 27.16 crore, up 6.145 per cent compared to Q1FY23.
- Profit before tax stood at Rs 1.42 crore, up 16.40 per cent compared to Q1FY23.
- Profit After Tax of Rs 1 crore, up 15 per cent compared to Q1FY23.
- The EPS for Q1FY24 is Rs 0.03.
According to the consolidated quarterly results, the company reported net sales of Rs 36.86 crore, operating profit of Rs 1.59 crore, PBT of Rs 1.56 and PAT of Rs 1.11 crore in Q1FY24.
Furthermore, the company implemented a trading phase where ex-bonus shares were traded at a ratio of 1:3 and an ex-stock split took place at a ratio of 10:1 for the equity shareholders based on the record date. The company has set Monday, June 05, 2023, as the fixed record date for both the bonus share and stock split.
Earlier, the company drafted a scheme of amalgamation with FIBA HARDWYN LOCKS LIMITED, having its registered office at C-147 Mayapuri Indl Area Phase II New Delhi110064, engaged in the Manufacturing of fabricators, cutters moulder and allied business to deal in the hardware industry.
Hardwyn India Ltd, listed on both BSE and NSE, specializes in manufacturing architectural hardware and glass fittings for residential and commercial structures, providing comprehensive solutions. The company boasts a market capitalization of Rs 1,421.34 crore
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On Friday, shares of Hardwyn India plunged 0.92 per cent to Rs 40.74 per share from its previous closing of Rs 41.12. The stock’s 52-week high is Rs 57 and its 52-week low is Rs 13.44.
The stock gave multibagger returns of 190 per cent in just 1 year, 1,330 per cent in 2 years and over 7,500 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.