The shares of a leading semiconductor firm hit a low of Rs 1,071, losing around 5 percent compared to a previous closing price of Rs 1,127.20 per share after the company reported a net loss of Rs 7.13 crores for the year ended 31st March 2024.
At 2:30 p.m., On Tuesday’s trading session, the shares of ASM Technologies Ltd were trading at Rs 1,090 a piece, down by 3 percent on the Bombay Stock Exchange. The company has a market capitalization of Rs 1,236.7 crores.
The company’s stock prices fluctuated when they announced their financial results for Q4 FY23-24 and FY24. This information was disclosed in recent filings with the stock exchanges.
Taking a look into the company’s financial performance, ASM Technologies Ltd’s net losses have reported a net profit of Rs 0.37 crores in Q4FY23 to a net loss of Rs 3.38 crores in Q4FY24. Additionally, its revenues decreased by 14.2 percent from Rs. 51.9 crore in Q4FY23 to Rs. 44.5 crore in Q4FY24.
From a full-year standpoint, the company reported a net loss of Rs 7.13 crores in FY2023-24 from a net profit of Rs 7.14 crores in FY2022-23. Also, its revenues decreased by 8.5 percent from Rs. 220.4 crores in FY2022-23 to Rs. 201.6 crores in FY2023-24.
The shares of this company generated a multi-bagger return of 128.7 percent over the past year and 140.8 percent over the past 6 months.
Recent shareholding pattern as of March 2024 shows that 61.54 percent were for promoters, 37.81 percent for the public, and 0.66 percent for foreign institutional investors.
The company derives its revenues from various services such as semiconductor, engineering, robotics, Augmented reality, and IT infrastructure services.
The Board of Directors has recommended a final dividend of Rs.1.00 per share, ie 10% on the par value of Rs.10 per share for the financial year 2023-24.
Headquartered in Bengaluru, ASM Technologies Ltd is one of the leading semiconductor company in India. The company is engaged in the business of providing consulting and Product development services in the areas of Engineering Services and Product R&D.
Written by Zahal
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