During Thursday’s trading session, the shares of a company engaged in the manufacturing of chemical fertilisers surged by nearly 6 percent to Rs. 219.65 on BSE, after the company reported Q2 FY25 results with a rise in net profit of nearly 221 percent QoQ and 39 percent YoY.
With a market cap of Rs. 919 crores, at 10:55 a.m., the shares of Zuari Agro Chemicals Limited were trading in the green at Rs. 218.5, up by nearly 5.4 percent, compared to its previous closing price of Rs. 207.4.
What’s the news:
The fluctuations in the share prices were observed after Zuari Agro Chemicals Limited announced the financial results for Q2 FY25, through the latest filings with the stock exchanges on Wednesday post-market hours.
For Q2 FY25, Zuari Agro Chemicals reported consolidated revenue from operations of Rs. 1,123 crores, reflecting a marginal growth of around 2.4 percent QoQ from Rs. 1,097 crores in Q1 FY25, but a decline of about 32 percent YoY from Rs. 1,649 crores in Q2 FY24.
The company’s net profit for Q2 FY25 grew to Rs. 93 crores, representing a rise of around 221 percent QoQ from Rs. 29 crores in Q1 FY25, and a year-on-year growth of nearly 39 percent from Rs. 67 crores in Q2 FY24.
Shareholding Pattern:
As per the September 2024 shareholding pattern, the Promoters hold a 65.21 percent stake in the company, Foreign Institutional Investors (FII) hold a 1.18 percent stake, while Retail Investors and Domestic Institutional Investors (DII) hold a 33.51 percent and 0.09 percent stake in Zuari Agro Chemicals, respectively.
Stock Performance:
The stock has delivered positive returns of nearly 39 percent in one year, as well as around 24.4 percent returns in the last six months. So far in 2024, the shares of Zuari Agro Chemicals have given positive returns of about 11.2 percent.
About the company:
Incorporated in 2009, Zuari Agro Chemicals Limited is primarily engaged in the business of manufacturing, trading and marketing of chemical fertilisers and fertiliser products, along with the trading business of
complex fertilisers, water-soluble fertilisers, pesticides and seeds. The company caters to the demand of farmers all over the country, through its ‘Jai Kisaan’ brand of Fertilisers.
Written by Shivani Singh
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