Smallcap stock engaged in manufacturing quartz-based ramming mass, quartz powder, silica sand, industrial minerals, and many more jumped upto 6 percent in the day’s trade following Q2FY25 results and bonus issue of 1:1.
Price Action
With a market capitalization of Rs. 3,009 Croress, the shares of Raghav Productivity Enhancers Limited were trading at Rs. 1,312.90 per equity share down 0.95 percent from its previous day’s close price of Rs. 1,325.55.
Q2FY25 Results
Its Revenue from operations grew by 51 percent YoY from Rs. 32.46 Crores in Q2FY24 to Rs. 49.11 Crores in Q2FY25 and it grew by 10 percent QoQ from Rs. 44.83 Crores in Q1FY25 to Rs. 49.11 Crores in Q2FY25.
Its Net Profit grew by 38 percent YoY from Rs. 6.34 Crores in Q2FY24 to Rs. 8.74 Crores in Q2FY25 and it grew by 5.5 percent QoQ from Rs. 8.28 Crores in Q1FY25 to Rs. 8.74 Crores in Q2FY25. Its Net Profit Margin decreased from 19.49 percent in Q2FY24 to 17.66 percent in Q2FY25.
It has also approved, investment in Raghav Productivity Solutions Private Limited (RPSPL), a wholly-owned subsidiary of the Company, up to an amount not exceeding Rs. 32 Crores by way of subscribing to the rights issue / further issue of capital in one or more tranches.
Bonus Issue
The Board of Directors of Raghav Productivity Enhancers Limited has considered and approved issuing bonus equity shares of the company in the ratio 1:1 where one bonus equity share with a face value of Rs. 10 will be issued for each existing equity share held by the shareholders of the company as on the record date.
About the Company
Raghav Productivity Enhancers Limited is engaged in manufacturing quartz-based ramming mass, quartz powder, silica sand, silica powder, industrial minerals, tundish board, and many more. It sells its products under the brand name of “Raghav”.
Written by: Bharath K.S
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