During Friday’s trading session, the shares of a company engaged in manufacturing bulk chemicals hit a 20 percent circuit to reach a new high at Rs. 664.25 on BSE, after reporting financial results for Q3 FY25 with a net profit growth of nearly 200 percent QoQ and 617 percent YoY.
With a market cap of Rs. 821.2 crores, the shares of Amal Limited opened in the green at Rs. 559.95, up by around 1.2 percent, as compared to its previous closing price of Rs. 553.55.
What’s the news
The fluctuations in the share prices were observed after Amal Limited announced the financial results for Q3 FY25, through the recent filings with the BSE.
For Q3 FY25, Amal Limited reported revenue from operations of Rs. 45.8 crores, reflecting a significant growth of around 52.6 percent QoQ from Rs. 30 crores in Q2 FY25, and increased by about 77.5 percent YoY from Rs. 25.8 crores in Q3 FY24.
The company’s net profit for Q3 FY25 grew to Rs. 16.5 crores, representing a rise of around 200 percent QoQ from Rs. 5.5 crores in Q2 FY25, and a year-on-year growth of nearly 617.4 percent from Rs. 2.3 crores in Q3 FY24.
Shareholding Pattern
As per the December 2024 shareholding pattern, the Promoters hold a 71.34 percent stake in the company, Domestic Institutional Investors (DII) hold a 0.02 percent stake, while Retail Investors hold a 28.64 percent stake in Amal Limited.
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Stock Performance
The stock has delivered positive returns of nearly 71.5 percent of returns in one year, as well as around 78.4 percent returns in the last six months. Meanwhile, the shares of Amal Limited have gained by around 38.5 percent in the last one month.
About the company
Amal Limited is engaged in the business of manufacturing bulk chemicals such as Sulphuric acid and Oleum and their downstream products such as Sulphur dioxide and Sulphur trioxide.
As of FY24, the company’s manufacturing plant in Ankleshwar, Gujarat, has an installed capacity of 140 tonnes per day for Sulphuric Acid and its downstream products.
Additionally, the facility at Amal Speciality Chemicals Ltd (ASCL) can produce 300 tonnes per day of Sulphuric Acid, enabling Amal Limited to expand its market share.
Written by Shivani Singh
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