Promoter Bought 5,37,000 Shares: Microcap Company Reports Stellar Q2 FY25 Results – Profit Jumps by 174 Per cent
The company’s shares have delivered an impressive return of over 125 per cent in the past 2 years.
Incorporated in 2003, this micro-cap which operates across the iron and steel, power, real estate, and agriculture sectors has signed an EPC contract and has posted its Quarterly Results. In this article, we are going to explore it.
Financial Performance
As per quarterly results, Vaswani Industries Ltd in Sep 2024 reported a revenue of Rs 102.16 crore compared to Rs 87.11 crore representing a growth of around 17.28 per cent YoY. The company posted an operating profit of Rs 5.97 crore with a margin of around 5.87 per cent compared to Rs 3.62 crore. The company’s net profit stood at Rs 2.33 crore for the period compared to a profit of Rs 0.85 crore same quarter last year.
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Looking at the annual performance, the company generated a revenue of Rs 389 crore in FY24. The operating profit for FY24 was Rs 22 crore with an operating profit margin of 6 per cent. The company reported a net profit of Rs 9 crore in FY24 compared to Rs 6 crore in FY23.
Share Performance
On Thursday, the shares of Vaswani Industries Ltd ended the day in red and finally closed at around Rs 47.99 per share on the BSE. The company’s current market capitalization stands at Rs 143.97 crore. Additionally, the shares have delivered an impressive return of over 90 per cent in Just 1 Year.
Shareholding Pattern
According to the company's shareholding pattern, the promoters hold a 60.12 per cent stake which was 58.33 per cent a quarter back while public investors own 39.85 per cent.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.