Xpro India Ltd., a Birla group conglomerate is a polymer processing company that has given multi-bagger returns over the past 2 years. The share has given 3797.73 % from the start of 3rd January 2020 till this date. The share reached its all-time high of ₹1,670 on 25th March 2022. The share closed at the price of ₹1,029 on Thursday.
The company reported net sales of ₹142.80 crores for the 2nd quarter of 2022 which is a 3.18 % decrease compared to the corresponding quarter of 2021. The net profits were reported at ₹17.50 crores in March 2022 which is an 82.5% increase than the previous March quarter.
PAT for the company grew by 434% to ₹ 44.90 crores for the financial year 2022 as compared to ₹ 8.40 crore in the financial year 2021
Xpro India reported that its board of directors proposed issuing bonus equity shares at 1:2 ratio during its meeting on Wednesday. The record date for calculating eligible shareholders entitled to bonus shares will be communicated separately by the firm
“Recommended the issue of bonus shares in the proportion of 1 (one) Equity Share of ₹10/- each for every 2 (two) existing fully paid-up Equity Shares of ₹10/- each held by the shareholders of the Company as on the Record Date, subject to the approval of shareholders of the Company at the ensuing Annual General Meeting and other applicable statutory and regulatory approvals; as may be required,” the company informed in an exchange filing.
The board has also recommended a Dividend of ₹2.00/equity share of ₹10/- for FY22. This is subject to the approval of shareholders of the company at the ensuing AGM.
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