This small-cap commercial explosive stock is engaged in manufacturing commercial explosives, real estate development, electronics manufacturing services, and metal cladding for industrial applications, skyrocketed 19 percent after reporting a 1598.53 percent YOY increase in net profit.
Stock Price Movement:
With a market capitalization of Rs. 1,632.43 crores, the share of GOCL Corporation Limited has reached an intraday high of Rs. 378 per equity share, rising nearly around 19.43 percent from its previous day’s close price of Rs. 316.50. Since then, the stock has retreated and is currently trading at Rs. 329.30 per equity share.
Q3 FY25 Result Walkthrough:
Coming into the quarterly results of GOCL Corporation Limited, the company’s consolidated revenue from operations decreased by 17.29 percent YOY, from Rs. 167.09 crore in Q3 FY24 to Rs. 138.20 crore in Q3 FY25, and grew by 8.19 percent QoQ from Rs. 127.74 crore in Q2 FY25.
The company generated a total revenue of 81.74 percent (Rs. 268.31 crore) from energetics and explosives, 0.51 percent (Rs. 1.66 crore) from realty, and 17.75 percent (Rs. 58.26 crore) from unallocable income in Q3 FY25.
In Q3 FY25, GOCL Corporation Limited’s consolidated net profit increased by 498.45 percent YOY, reaching Rs. 92.40 crore compared to Rs. 15.44 crore during the same period last year. As compared to Q3 FY25, the net profit has increased by 1,598.53 percent, from Rs. 5.44 crore in Q2 FY25.
The basic earnings per share increased by 497.44 percent and stood at Rs 18.64 as against Rs 3.12 recorded in the same quarter in the previous year 2024.
Business Segments:
The company makes commercial explosives through its subsidiary, IDL Explosives Ltd., for mining and infrastructure. Its Realty Division is developing Ecopolis, a 40-acre eco-friendly IT/ITES project in Bangalore. The company also provides electronics manufacturing services for OEMs and runs a Metal Cladding Division for industrial needs.
Written By – Nikhil Naik
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