Penny stock engaged in the business of developing, processing, grading and supplying of all kinds of agricultural foundation, certified seeds and many more hit a 5 percent upper circuit upon posting its Q4FY24 results with a 3,937 percent jump in Net Profits.
With a market capitalization of Rs. 27 Crores, the shares of Continental Seeds and Chemicals Limited were trading at Rs. 27 per equity share up 2.27 percent from its previous day’s close price of Rs. 26.40.
Its Revenue from operations yearly grew by 49 percent from Rs. 39.23 Crores in H1FY24 to Rs. 58.44 Crores in H2FY24 and it grew by 136 percent from Rs. 24.80 Crores in H2FY23 to Rs. 58. 44 Crores in H2FY24. Annually it generated a Net Profit of Rs. 75.41 Crores in FY23 to Rs. 97.67 Crores in FY24, indicating a growth of 30 percent
Its Net Profit half yearly grew by 339 percent from Rs. 12.25 Lakhs in H1FY24 to Rs. 54.26 Lakhs in H2FY24 and from a loss of Rs. 12.26 Lakhs in H2FY23, it made a Profit of Rs. 54.26Lakhs in H2FY24. Annually it generated a revenue of Rs. 1.65 Lakhs in FY23 to Rs. 66.61 Lakhs in FY24, indicating a growth of 3937 percent.
Continental Seeds & Chemicals Limited is engaged in the business of developing, processing, grading and supplying of all kinds of agricultural foundation, certified seeds and trading of Mentha oil.
It is also engaged in the production of menthol crystals, peppermint oils, essential oils and its isolates, mint and allied products, active pharmaceutical ingredients (APIs), intermediates, iso amyl alcohols and its esters.
Written by: Bharath K.S
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