During Thursday’s trading session, the shares of the largest air-conditioning & thermal products company in India surged by nearly 8 percent to Rs. 723.6 on BSE, after the company reported Q2 FY25 results with a rise in net profit of nearly 4 percent QoQ and 36 percent YoY.
With a market cap of Rs. 4,517 crores, at 02:14 p.m., the shares of Subros Limited were trading in the green at Rs. 692.4, up by nearly 3.2 percent, compared to its previous closing price of Rs. 670.8.
What’s the news:
The fluctuations in the share prices were observed after Subros Limited announced the financial results for Q2 FY25, through the latest filings with the stock exchanges on Thursday during market hours.
For Q2 FY25, Subros reported consolidated revenue from operations of Rs. 828.3 crores, reflecting a marginal growth of around 2.3 percent QoQ from Rs. 809.8 crores in Q1 FY25, as well as a rise of about 2 percent YoY from Rs. 813.4 crores in Q2 FY24.
The company’s net profit for Q2 FY25 grew to Rs. 36.4 crores, representing a marginal rise of around 4 percent QoQ from Rs. 35 crores in Q1 FY25, and a year-on-year growth of nearly 36 percent from Rs. 26.8 crores in Q2 FY24.
Shareholding Pattern:
As per the September 2024 shareholding pattern, the Promoters hold a 36.79 percent stake in the company, Foreign Institutional Investors (FII) hold a 33.05 percent stake, while Retail Investors and Domestic Institutional Investors (DII) hold a 19.5 percent and 10.67 percent stake in Subros, respectively.
Stock Performance:
The stock has delivered positive returns of nearly 75.2 percent in one year, as well as around 15 percent returns in the last six months. So far in 2024, the shares of Subros have given positive returns of about 23 percent.
About the company:
Incorporated in 1985, Subros Limited is the leading manufacturer of thermal products for automotive applications in India, in technical collaboration with Denso Corporation, Japan.
The company is engaged primarily in the business of manufacturing and sale of thermal products for automotive and home air-conditioning original equipment manufacturers.
Subros Limited is a joint venture with 36.79 percent ownership by the Suri family of India, 20 percent ownership by Denso Corporation, Japan, and 11.96 percent ownership by Suzuki Motor Corporation, Japan.
As of Q1 FY25, Subros has a market share of 43 percent in Passenger Car AC and 54 percent in Truck Aircon/Blower.
Written by Shivani Singh
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