The share price of this Infra company which deals in the business of Infrastructure and developing Real Estate Projects was in focus on Friday after the company’s board approved the stock split and announced quarterly results.
Share Price Movement
In Friday’s trading session, with a market capitalization of Rs. 1,094.87 crores, Last Mile Enterprises Ltd’s share price touched a day’s low of Rs. 385.85 which was down by 5 percent. The share price reiterated from the day’s low and was trading at Rs. 396.05 which is 2.49 percent lower than the previous closing price of Rs. 406.15. In the past year, the stock has delivered a negative return of 2.47 percent and has underperformed the Nifty Index in the past year.
Q3FY25 Results
The company’s stock was in focus after the board approved the stock split and released its quarterly financials.
In its latest filing for the quarter ending December 2024, the company reported revenue of Rs. 71.56 crore as compared to nil sales in Q3FY24. On a quarter-over-quarter basis, the operational revenue rose by 125.75 percent from Rs.31.69 crore in Q2FY25.
During the same period, net profit for Q3FY25 stood at Rs. 8.65 crore from a loss of Rs. 0.46 crore in Q3FY24, and quarterly declined by 9.38 percent from Rs.9.5 crore in Q2FY25.
In Q3FY25, the company earned revenue from Real estate and other services which contributed around 22.75 percent, and the remaining 77.25 percent from Business of Mobile Accessories, Gadgets, and other related items. Last Mile has a higher profit margin from Real Estate compared to Business of Mobile Accessories.
Stock Split Update
On January 16th, 2025, The company’s board approved the stock split in the ratio of 1:10 which means for every Rs. 10 face value of equity share will be divided into 10 equity shares holding a face value of Rs. 1 equity shares, subject to shareholders approval of the company. The rationale behind this decision is to improve liquidity on the company’s shares and attract small investors. The expected time for this event to take place is within 3 months from the date of approval.
Written by – Santhosh 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.
