The shares of the Leading Indian-Made Foreign Liquor (IMFL) manufacturer gained 12 percent to a 52-week high of Rs 240 a share after the company announced strong Q2 results.
With a market capitalization of Rs 4,346 crore. At 11:20 a.m. Tilaknagar Industries Ltd shares were trading at Rs 235.65 per share, up Rs 21.40 or 10.14 percent from the previous close price.
Tilaknagar Industries reported a 26 percent increase in revenue year on year, from Rs 596 crore in Q2FY23 to Rs 750 crore in Q2FY24. During the same period, net profit increased by 166 percent from Rs 13.8 crore to Rs 37 crore.
In comparison to the previous quarter, operational revenue increased by 17 percent from Rs 641 crore in Q1FY24 to Rs 750 crore in Q2FY24, Further net profit has increased by 44 percent from Rs 25.74 crore to Rs 37 crore. According to the company’s exchange filing.
The company’s Net Sales Realisation (NSR) per has improved to Rs 1,273 in Q2 FY24 from Rs 1,179 in the corresponding quarter last year, on account of a combination of improved brand and state mix as well as price increases received in the key state of Telangana.
Tilaknagar Industries Ltd shares have delivered a 77 percent return in the last six months and 145 percent in the last year. A shareholder investment of Rs 1 lakh in the company would be worth Rs 2.45 lakh in a year.
In the recent financial year, the company reported a return on equity at 51.28 percent and a return on capital employed at 26.14 percent.
In the latest shareholding pattern, company promoters hold a 41.97 percent stake, Foreign Institutional Investors hold 11.33 percent and retail investors hold a 46.69 percent stake in the company.
Tilaknagar Industries Ltd. is primarily engaged in the manufacturing and sale of Indian Made Foreign Liquor (IMFL). The company has a diverse portfolio of brands in various liquor categories including brandy, whisky, vodka, gin, and rum.
Written by Omkar Chitnis
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.
