Defence stock engaged in the business of designing, developing, and manufacturing Defence Application Products, Kitchen, and Dairy equipments related to it hit a 2 percent upper circuit in the day’s trade following 305 percent jump in Net Profits.
Price Action
With a market capitalization of Rs. 1,002 Crores, the shares of Krishna Defence and Allied Limited hit a 2 percent upper circuit in the day’s trade at Rs. 712.75 per equity share, from its previous day’s close price of Rs. 698.80.
What Happened
Its revenue from operations half yearly grew by 167 percent YoY from Rs. 35.22 Crores in H1FY24 to Rs. 94.04 Crores in H1FY25 and it grew by 32 percent HoH from Rs. 71.19 Crores in H2FY24 to Rs.94.04 Crores in H1FY25.
Its net profit half yearly grew by 305 percent YoY from Rs. 2.62 Crores in H1FY24 to Rs. 10.6 Crores in H1FY25 and it grew by 48 percent HoH from Rs. 7.16 Crores in H2FY24 to Rs. 10.6 Crores in H1FY25.
Dividend
The board of directors of Krishna Defence and Allied Limited has considered and approved issuing 1st Interim Dividend of Rs. 0.50 per equity share with a face value of Rs. 10 and 22nd November 2024, is fixed as the record date for determining shareholders eligible for dividend.
About the Company
Krishna Defence & Allied Industries Limited is engaged in the business of designing, developing and manufacturing Defence Application Products, Kitchen, and Dairy Equipment Products.
Its core competencies include product prototype, design, and development, functional testing, validation, and field testing, followed by verification, as well as Annual Maintenance Contracts, Service tele-support, and physical support to maintain the uptime of equipment
Krishna Defence & Allied Industries Limited has a wide range of products consisting of Ballast Bricks, Special Profile for Armoured Vehicle, Modular Vehicle Barriers, Improvised Explosive Device Containment Vessel, Direct Expansion Bulk Milk cooler and many others.
Written by: Bharath K.S
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