Shares of a company specialising in the trading and marketing of animal feeds and a comprehensive selection of agricultural commodities hit a 5 percent upper circuit on Friday, following the announcement of H2 FY25 results with a net profit growth of around 183 percent HoH.
With a market capitalisation of Rs. 52 crores, the shares of Phoenix Overseas Limited opened in the green to hit a 5 percent upper circuit at Rs. 26.85 on NSE, as against its previous closing price of Rs. 25.6.
What’s the News
According to the latest regulatory filings on the NSE, Phoenix Overseas Limited announced the financial results for H2 FY25 on Thursday after market hours.For H2 FY25, Phoenix Overseas reported a consolidated revenue from operations of Rs. 286.8 crores, reflecting a growth of around 43 percent HoH from Rs. 201 crores in H1 FY25, and a marginal year-on-year rise of about 5 percent from Rs. 273.6 crores in H2 FY24.
The net profit increased to Rs. 3.4 crores in H2 FY25, marking a nearly 183.3 percent HoH rise from Rs. 1.2 crores reported in H1 FY25, but a decrease of around 23 percent YoY to Rs. 4.4 crores in H2 FY24.
Additionally, EBITDA stood at Rs. 6 crores in H2 FY25, representing a 50 percent rise from Rs. 4 crores reported in H1 FY25, but a 14 percent decline compared to Rs. 7 crores in H2 FY24. Meanwhile, EBITDA margins remained steady at 2 percent in H2 FY25, unchanged from H1 FY25, but declined from 3 percent recorded in H2 FY24.
On a segment-wise basis, revenue from the Merchant Exports business reached Rs. 288 crores in H2 FY25, accounting for 99.7 percent of total revenue, reflecting around 6 percent YoY growth. The Cold Storage Operations generated Rs. 0.71 crores, contributing 0.24 percent, while the Fashion Accessories business contributed Rs. 0.62 lakhs, making up 0.002 percent of the total revenue.
About the company
Phoenix Overseas Limited specialises in the trading and marketing of animal feeds and a comprehensive selection of agricultural commodities, including corn/maize, oil cakes, spices, food grains, pulses, and agricultural feed products. The company also imports lentils, black urad dal, and tur dal in bulk for the Indian market and directs its exports primarily to Bangladesh and other Asian countries.
In addition to its trading activities, Phoenix Overseas is engaged in the manufacture of premium bags for men and women, utilising materials such as jute, cotton, canvas, and leather, along with producing a variety of fashion accessories. The company further extends its expertise into food preservation, offering storage and preservation solutions for an extensive range of food products.
Written by Shivani Singh
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