October 2024 marks the beginning of a significant financial results season in India, as many companies begin reporting 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 experienced notable fluctuations in their share prices following the announcement of strong financial results for Q2 FY25, as disclosed in their latest filings with the stock exchanges on Monday post-market hours.
GeeCee Ventures Limited
With a market cap of Rs. 860.2 crores, the stock surged nearly 7 percent to hit an intraday high at Rs. 435 on BSE, during the trading session of Tuesday.
For Q2 FY25, GeeCee Ventures reported consolidated revenue from operations of Rs. 29 crores, reflecting a decline of around 7.3 percent QoQ from Rs. 31.3 crores in Q1 FY25, but a significant growth of about 237.2 percent YoY from Rs. 8.6 crores in Q2 FY24.
Likewise, the company’s net profit for Q2 FY25 increased to Rs. 12.5 crores, representing a growth of around 181.5 percent YoY from Rs. 4.44 crores in Q1 FY25, as well as a quarter-on-quarter rise of nearly 16 percent from Rs. 10.8 crores in Q2 FY24.
The stock has delivered positive returns of nearly 92.8 percent in the last one year, as well as around 80.3 percent returns YTD.
Incorporated in 1984, Geecee Ventures Limited is engaged in the business of real estate development, financial services and renewable energy.
Bedmutha Industries Limited
With a market cap of Rs. 730.8 crores, the stock surged nearly 6 percent to hit an intraday high at Rs. 233.25 on BSE, during the trading session of Tuesday.
For Q2 FY25, Bedmutha Industries reported revenue from operations of Rs. 251.5 crores, reflecting a significant growth of around 3.7 percent QoQ from Rs. 242.6 crores in Q1 FY25, as well as a growth of about 26.4 percent YoY from Rs. 199 crores in Q2 FY24.
Likewise, the company’s net profit for Q2 FY25 increased to Rs. 10.6 crores, representing a growth of around 186.5 percent YoY from Rs. 3.7 crores in Q1 FY25, as well as a quarter-on-quarter rise of nearly 6 percent from Rs. 10 crores in Q2 FY24.
The stock has delivered positive returns of nearly 41 percent in the last one year, as well as around 20.5 percent returns YTD.
Bedmutha Industries Limited is a manufacturer and exporter of a wide range of products, including wire ropes, tyre bead wire, galvanized wires, patented wires, phosphate patented wires, HC wire for ropes, spring wire, ACSR core wire, cable armouring wire, earth wire, stay wire, barbed wire, and copper products. Additionally, the company is involved in the EPC projects and consultancy sector.
Written by Shivani Singh
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