Shares of this micro-cap company, which specializes in telecommunication infrastructure development and related allied services in focus, following the announcement of a board meeting to finalize plans for issuing bonus shares.
Price Variation
In Wednesday’s session, Kore Digital Limited‘s share price was down 2 percent to a day’s low of Rs.1,660 per share, from the previous close of Rs.1,693.85 apiece, the stock has a 52W high price of Rs. 2,856.15 per share. It has delivered over 342 percent return in the past year.
What happened
The Board of Directors of Kore Digital Ltd on Tuesday, 03rd December 2024, considered and recommended the issuance of bonus shares to the shareholders.
The proposed bonus issue is in the ratio of 2:1, meaning shareholders will receive 2 fully paid-up equity shares of Rs.10 each for every 1 fully paid-up equity share held as of the record date. This issue is subject to approval of the members of the company and the record date will be announced in due course.
Financial Performance
Looking at the company’s financials, Kore Digital reported a revenue of Rs.41.05 crore for Q2 FY25, marking a 289 percent increase from Rs.10.53 crore in the same quarter last year. However, Profit After Tax (PAT) declined by 8.19 percent to Rs.2.24 crore, down from Rs.2.44 crore in the previous year’s quarter.
Footprints
They have established a global presence, primarily in India, where it operates extensive telecommunication infrastructure. The company collaborates with major telecom operators like Vodafone Idea, Bharti Airtel, and Reliance Jio, contributing to its footprint in the telecommunications sector.
Segmental Revenue
The company recognizes its revenue from operations under a sole segment manufacturing and compensation systems, supply of reactive power, harmonic filters, and other engineering goods as per the March 2024 Annual report. They entered into Artificial Intelligence earlier this year with 3D printing and 3D Bioprinting and others.
Company Profile
Kore Digital Limited is a telecommunication infrastructure provider. They are engaged in the business of installing and commissioning of towers, poles, and optical fibre cable systems in Maharashtra. They are focused on providing passive communication infrastructure services
related to telecom vendors, telecom network operators, Internet service providers, and broadband service operators. Passive infrastructure is related to the telecommunication towers
for wireless telecommunication services, and the other part which is optical fibre cables is used for hosting and operational assistance for the active infrastructure used to transmit transport voice or telecommunications signals and data traffic. They also provide support services such as project management to lay duct and optic fibre cables, telecom utilities and construction of basic transmission, dark fiber leasing, and others.
Written by – Santhosh S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
