DSIJ Mindshare

At the pre-opening bell, the frontline index S&P BSE Sensex opened in red with a loss of 354.47 points or 0.54 per cent.

This company is a large-cap having a market cap of over Rs 70,000 crore. According to the quarterly and annual financial results, the company reported positive numbers. The company has been maintaining a healthy dividend payout of 36.70 per cent.

Annual Results: The net sales increased by 17.56 per cent to Rs 2,338.30 crore and the net profit increased by 12.47 per cent to Rs 148.34 crore in FY23 over FY22. The EPS for FY23 stood at Rs 27.62. Out of the total revenue in FY23, domestic is 72 per cent and international is 28 per cent.

The company reported net sales of Rs 129.81 crore in Q4FY23 compared to net sales of Rs 202.35 crore in Q4FY22 while the net profit increased by 81 per cent to Rs 1.81 crore in Q4FY23 over Q4FY22. The net sales increased by 14 per cent to Rs 689 crore and net profit skyrocketed by 167 per cent to Rs 8 crore in FY23 over FY22.

Owing to the positive news the stock made a fresh 52-week high gaining about 6 per cent.