Small-cap MNC company in the manufacturing sector is in focus after it jumped up to 9% following its Q3 results with robust Net profit growth and a 1000% dividend announcement
Share Price Movement
With a market capitalization of ₹2,324 Crore, the stock of Disa India opened at ₹16,890 up 9.58% from yesterday’s close of ₹15,412.90, and after hitting the day’s high the stock has gradually declined to trade around 16,000. Additionally, the 1 month’s return for the stock is -2 %, and the past five year’s return is an impressive 260%.
Q3FY25 Results
The company reported a 62.74 % YoY increase in revenue from ₹61.04 Cr in Q3FY24 to ₹99.34 Cr in Q3FY25. On a QoQ basis, the company reported an increase of 14.52 % in revenue from ₹86.74 Cr in the previous quarter.
Their Net profit saw an upside with a 74.26 % YoY increase from ₹5.75 Cr to ₹10.02 Cr for the same period. On a QoQ, basis their net profits saw a decrease of 19.77 % from ₹12.49 Cr for the same period.
The Board of Directors has declared an Interim dividend of ₹100 (@1000%) per equity share, totaling ₹14.54 Crores. The record date fixed for the dividend is 11-02-2025, and the dividend has to be paid on or before 06-03-2026.
Company Updates
The company has an exceptional item of ₹1.26 Crore for the Q3, it represents provisions made towards an arbitration award plus interest of 12% per annum against the company, for alleged unsatisfactory performance of equipment supplied to a customer in the past. The case is currently going on in the High Court of Karnataka.
The board has approved the resignation of Mr. Michael Declan Guerin from his position as Non-Executive Director.
About the Company
DISA India, a part of the Norican Group, specializes in manufacturing foundry equipment such as green sand molding machines, sand plants, and shot blasting equipment. Serving industries like automotive, construction, and energy, it operates a state-of-the-art facility in Tumakuru, Karnataka, catering to markets in India, the Middle East, and beyond.
Written By Abhishek Das
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
