Dolly Khanna stock engaged in recycling of the waste tyres/end of life tyres (ELT) and manufacturing value-added product derived from it, jumped 4 percent in the day’s trade upon reporting a 135 percent jump in Net Profits in Q1FY25.
Price Action
With a market capitalization of Rs. 3,203 Crores, the shares of Tinna Rubber and Infrastructure Limited were trading at Rs. 1,870 per equity share, up 2.3 percent from its previous day’s close price of Rs. 1,832.75.
Q1FY25 Results
Its Revenue from operations grew by 69 percent YoY from Rs. 80.47 Crores in Q1FY24 to Rs. 136 Crores in Q1FY25 and it grew by 24 percent QoQ from Rs. 109.85 Crores in Q4FY24 to Rs. 136 Crores in Q1FY25.
Its Net Profit grew by 135 percent YoY from Rs. 7.05 Crores in Q1FY24 to Rs. 16.39 Crores in Q1FY25 and it grew by 5 percent QoQ from Rs. 15.65 Crores in Q4FY24 to Rs. 16.39 Crores in Q1FY25. Its Net Profit Margin increased from 8.71 percent in Q1FY24 to 12 percent in Q1FY25.
In Addition, the Board of Directors of the company have considered and took note of proposal for potential Joint Venture in South Africa and to negotiate acquisition of stake of upto 49 percent in the JV
It has also incorporated Tinna Rubber Arabia Limited in Saudi Arabia a wholly owned subsidiary company, with the objective to carry on business of processing shredding and recycling of waste tyre
Ace Investor
As of Q1FY25, Ace Investor Dolly Khanna holds a 1.03 percent stake in the company consisting of ~1.76 Lakh equity shares. She took a fresh holding position in the company in December 2021 by purchasing a 1.67 percent stake consisting of 1.42 Lakh equity shares.
About the Company
Tinna Rubber and Infrastructure Limited is primarily engaged in recycling of the waste tyres/end of life tyres (ELT) and manufacturing value-added product derived from it. It engaged in manufacturing crumb rubber, crumb rubber modier, polymer modied bitumen
(PMB), bitumen emulsion, reclaimed rubber/ ultrane crumb rubber compound, cut wire shots, grades of emulsion and many more.
Written by: Bharath K.S
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