The share of this glassware manufacturer fell by 6 percent after the company announced its second-quarter results.
LA Opala Rg Ltd is a small-cap company with a market capitalization of Rs 4,688.09 Crore. On Wednesday, The shares were trading at Rs 422.35 a share, a decrease of 6 percent from the previous close price.
Looking into the company’s financials, LA Opala Rg Ltd’s revenue increased by 2.4 percent on a quarter-on-quarter basis from Rs. 97.12 crores in Q1FY24 to Rs.99.48 crores in Q2 FY24. Further, revenue decreased by 29.2 percent year on year from Rs. 140.59 crores in Q2FY23 to Rs.99.48 crores in Q2FY24.
LA Opala Rg Ltd’s net profit increased by 8.6 percent on a quarter-on-quarter basis from Rs. 28.71 crores in Q1FY24 to Rs. 31.19 crores in Q2FY24. Further, net profit decreased by 20.14 percent year on year from Rs. 39.06 crores in Q2FY23 to Rs.31.19 crores in Q2FY24.
LA Opala Rg Ltd reported excellent return ratios in the recent financial year with a return on equity (ROE) of 16.23 percent and a return on capital employed (ROCE) of 22.54 percent.
LA Opala Rg Ltd’s recent shareholding pattern, The Promoters of the company own 65.68 percent while Retail shareholders own a 13.24 percent stake in the company and Foreign Institutional Investors own a 1.68 percent stake.
Ace investor Ashish Kacholia holds 17,67,433 shares, i.e. equivalent to 1.59 percent of the company as of the September quarter of 2023.
LA Opala Rg Ltd gave an 11.61 percent return in six months.
La Opala RG is a well-known producer and distributor of tableware. The company sells Opal glassware, which includes bowls, plates, dinner sets, cup-saucer sets, coffee cups, and more.
Written by:- Abhishek Singh
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