Penny stock in the manufacturing sector is in focus after it jumped up to 17% after announcing its Q3FY25 results, with robust growth in its YoY revenue and net profit.
Share Price Movement
With a market capitalization of ₹634 Cr, the stock of Arfin India opened at 34.80 up 6% from yesterday’s close, and after opening, it made an intraday high of 38.51 up 17%.
Q3FY25 Results
The company reported a 56% YoY increase in revenue from ₹115.43 Cr in Q3FY24 to ₹180.37Cr in Q3FY25. On a QoQ basis, the company reported an increase of 21% in revenue from ₹149 Cr in the previous quarter.
Their Net profit saw an upside with a 53% YoY increase from ₹1.98 Cr to ₹3.03 Cr for the same period. On a QoQ basis, the company reported an increase of 18% in net profits from ₹2.57 Cr in the previous quarter.
Operating Profit Margin stood at 6.15% for Q3FY25 compared to 6.69% in Q3FY24, and Net Profit Margin stood at 1.68% compared to 1.72% for the same period.
Updates from the company
On 14th January 2025, the company incorporated a new Wholly Owned Subsidiary (WOS) under the Companies Act 2013, named Arfin Titanium And Speciality Alloys.
The company confirmed that there was no deviation in the use ₹52.5 Cr of funds raised through preferential allotment of equity shares on 31st December 2024 and they are compliant with SEBI regulations.
About the Company
Arfin India Ltd commenced its operations in the year 1992, since then the company has periodically incorporated innovative production technologies and updated its methods to match current global standards ensuring overall optimization of its processes. It is known for its diverse product portfolio, including Copper Scrap, Brass Scrap, Aluminum Scrap, and various alloys such as Hast Alloys, Iconel Alloys, Incoly Alloys, and more.
Written By Abhishek Das
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