Pondy Oxides opened the FY23 with a robust performance wherein the total income grew 49% to INR 364 crores in Q1 FY23 from INR 243.97 crores in Q1 FY22. Net profit jumped 35% to INR 11.59 crores. Sequentially, the net profit rose 9%. The company has further managed its expenses very well as cost of raw materials consumed have gone down 16% from the last quarter.
Surprisingly, the interest cost for the company has reduced by over 7% on year resulting in an improved bottom line. Further, the EPS grew by 35% during the same period.
In addition to the positive quarter, the company has recommended issue of bonus shares subject to the approval of shareholders in the ratio of 1: 1 i.e. one new bonus equity share of INR 10 each to be issued for every one existing equity share of INR 10- each held by the shareholders on the cut-off date of Sep. 14, 2022. Last month, Dolly Khanna, a renowned investor and stock market trader, increased her stake in the firm to 3.9% from 3.6% reflecting the bullish outlook on stock.
Cochin Shipyard Limited (NSE:COCHINSHIP) Q4 FY22 Earnings Concall dated May. 26, 2022 Corporate Participants: Madhu S Nair -- Chairman & Managing Director Jose V J -- Director Finance Analysts: Vastupal Shah
Can you guess the name of the company that was listed during the IPO frenzy in 2020 and is the second largest player in the Indian municipal waste management industry?
“Hey, how is the market doing today?” “Oh!, its falling tremendously since morning” I am sure news like these might be a common topic of discussion for you nowadays. Interestingly,