This Mukul Agrawal stock, which is engaged in the manufacturing and supplying of high-quality modified plastic compounds for consumers, automotive products, and personal protective equipment including masks and gloves, surged upto 9 percent in early trade after reporting a net profit growth of 42 percent year-on-year.
Share Price Movement
With a market capitalization of Rs. 3,498.71 Crores, the shares of Kingfa Science & Technology (India) Limited were up by 8.8 percent in the day’s trade touching a day’s high of Rs. 3,118 per share.
The stock reiterated from the day’s high and was trading at Rs. 2,889 which is 0.83 percent higher than the previous closing price of Rs. 2,865.20 apiece. It has delivered a return of 53 percent which has outperformed the Nifty Index in the past year.
Q3FY25 Financial Highlights
The company’s stock was in focus after reporting financial results for the quarter ending December 2024, Kingfa Science & Technology (India) consolidated revenue from operations has increased by 11.82 percent year on year from Rs. 393.80 crores in Q3FY24 to Rs. 440.37 crores in Q3FY25 and increased by 5.26 percent quarter on quarter from Rs. 418.32 crores in Q2FY25.
The consolidated net profit increased by 42.32 percent year on year from Rs. 24.32 crore in Q3FY24 to Rs. 34.62 crore in Q3FY25. As compared to Q2FY25, the company’s net profit has declined by 7.06 percent quarter on quarter from Rs. 37.25 crore.
Business & Revenue Segments
The company recognizes its revenue from operations under Reinforced Polypropylene as its sole segment. They earn around 94 percent of revenue from Domestic and the remaining 6 percent from Exports as of Q3FY25.
Ace Investor Stake
Mukul Mahavir Agrawal, an ace investor holds around 2.48 percent of the stake as of December 2024 and the stake remained consistent from 2.48 percent in September 2024.
Company Overview
Kingfa Science & Technology (India) Limited is a manufacturer and supplier of reinforced polypropylene compounds, thermoplastics elastomers, and fiber-reinforced composites. The company is also involved in personal protective equipment production. Kingfa has multiple manufacturing locations in India.
Written By Santhosh S
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