Aditya Birla Group stock engaged in the business of manufacturing and supplying textiles, cement, pulp & paper, and many more jumped 3 percent in the day’s trade following Q3FY24 results with a 1,080.95 percent jump in Net Profit.
With a market capitalization of Rs. 17,178 Crores, the shares of Century Textiles and Industries Limited were trading at Rs. 1,547.10, up 2.06 percent from its previous day’s close price of Rs. 1,515.80.
Its revenue from operations grew by 2.53 percent YoY from Rs. 1,149.94 Crores in Q3FY23 to Rs. 1,179.12 Crores in Q3FY24 and it grew 8.44 percent QoQ from Rs. 1,087.28 Crores in Q2FY24 to Rs. 1,179.12 Crores in Q3FY24.
Its Net Profit grew by 1080.95 percent YoY from Rs. 6.77 Crores in Q3FY23 to Rs. 79.95 Crores in Q3FY24 and it grew 343.23 percent QoQ from a loss of Rs. 32.87 Crores in Q2FY24 to a profit of Rs. 79.95 Crores in Q3FY24.
Century Textiles and Industries Limited is engaged in the business of manufacturing and supplying textiles, cement, pulp & paper, dealing in real estate, and many more.
Century Textiles and Industries Limited operates in the real estate sector through Birla estates which have projects with a revenue potential of more than Rs. 45,000 Crores across Mumbai, NCR, Bengaluru, and Pune.
Century Textiles and Industries Limited’s revenue mix is as follows, 76 percent from pulp and paper, 20 percent from textiles, 3 percent from real estate, and the rest 1 percent from others.
Written by: Bharath K.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.
