Share price of Non-Deposit taking Core Investment Company moved up by 4.6 percent on BSE to hit an intraday high at Rs. 4,575.5 in the trading session of Thursday, after reporting a rise in net profit by 207.4 percent YoY.
With a market capitalisation of Rs. 1,931.65 crore, the shares of Kalyani Investment Company Limited (KICL) closed in the green at Rs. 4,425, up by nearly 1.2 percent, compared to its previous closing price of Rs. 4,374.25.
The fluctuations in the share prices were observed after the company announced the financial results for FY24, through the recent filings with the stock exchanges on Thursday during market hours.
The total revenue from operations stood at Rs. 27.53 crore in Q4 FY23-24, indicating a growth of 531.4 percent QoQ from Rs. 4.36 crore in Q3 FY23-24, and on a year-on-year basis, it increased by nearly 750 percent from Rs. 3.24 crore in Q4 FY22-23.
KICL witnessed a rise in the after-tax profit by 380.3 percent QoQ from Rs. 6.08 crore in Q3 FY23-24 to Rs. 29.2 crore in Q4 FY23-24, and grew by 207.4 percent YoY from Rs. 9.5 crore in Q4 FY22-23 to Rs. 29.2 crore in Q4 FY23-24.
As per the shareholding pattern of March 2024, the Promoters hold a 74.97 percent stake in the company, Foreign Institutional Investors hold a 1.39 percent stake, while Retail Investors and Domestic Institutional Investors hold a 23.5 percent and 0.14 percent stake in KICL, respectively.
The stock has delivered nearly 143 percent of multibagger returns in the last one year and about 38.4 percent of positive returns in six months. So far in 2024, it has given around 35 percent of positive returns.
Incorporated in 2009, Kalyani Investment Company Limited, a part of Kalyani Group, is an Investment Company holding a varied investment portfolio consisting of both listed and unlisted companies which are in diversified sectors such as forging, steel, power generation, chemicals and banking etc.
KICL was formed by demerging the ‘Investment Business’ of Kalyani Steels Limited and by amalgamating ‘Investment Undertaking’ of three wholly owned subsidiaries of Kalyani Steels Limited.
Written by Shivani Singh
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