Starting from October 2024 marks a significant financial results season in India, as many companies report their earnings for the second quarter of the fiscal year 2024-25. This period is crucial for investors and analysts, offering insights into the economic health and performance of various sectors.
Here are two companies that have witnessed fluctuations in the share prices after announcing financial performance for Q2 FY25, through the latest filings with the stock exchanges on Thursday post-market hours:
Mold-Tek Technologies Limited
With a market cap of Rs. 639 crores, the stock surged by nearly 4 percent on BSE to hit a new 52-week high at Rs. 228.9 on Friday, as against its previous closing price of Rs. 220.1.
For Q2 FY25, Mold-Tek Technologies reported revenue from operations of Rs. 43 crores, reflecting a marginal growth of around 9.6 percent QoQ from Rs. 39.3 crores in Q1 FY25, as well as a growth of about 7.5 percent YoY from Rs. 40 crores in Q2 FY24.
Likewise, the company’s net profit for Q2 FY25 increased to Rs. 8 crores, representing a growth of around 54 percent QoQ from Rs. 5.2 crores in Q1 FY25, but a year-on-year marginal decline of nearly 1.6 percent from Rs. 8.13 crores in Q2 FY24.
In terms of EBITDA, Mold-Tek Technologies posted a growth from Rs. 8.62 crores in Q1 FY25 to Rs. 12.8 crores in Q2 FY25, reflecting a rise of about 48 percent QoQ, while it declined marginally by 0.33 percent YoY from Rs. 12.8 crores in Q2 FY24.
The stock has delivered negative returns of nearly 20.3 percent in the last one year, as well as around 20 percent returns YTD.
Mold-Tek Technologies Limited is engaged in the business of providing civil and mechanical design engineering services.
United Nilgiri Tea Estates Company Limited
With a market cap of Rs. 249 crores, the stock surged nearly 6 percent on BSE to Rs. 524 on Friday, as against its previous closing price of Rs. 494.4.
For Q2 FY25, United Nilgiri Tea Estates Company reported revenue from operations of Rs. 25 crores, reflecting a significant growth of around 8.7 percent QoQ from Rs. 23 crores in Q1 FY25, as well as a growth of about 30.2 percent YoY from Rs. 19.2 crores in Q2 FY24.
Likewise, the company’s net profit for Q2 FY25 increased to Rs. 6.44 crores, representing a growth of around 66 percent YoY from Rs. 3.9 crores in Q1 FY25, and a quarter-on-quarter rise of nearly 74 percent from Rs. 3.7 crores in Q2 FY24.
The stock has delivered positive returns of nearly 56.6 percent in the last one year, as well as around 53 percent returns YTD.
United Nilgiri Tea Estates Company Limited is primarily engaged in the business of growing and manufacturing tea besides letting-out of property. The company’s teas are sold both in domestic and international markets.
Written by Shivani Singh
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