The shares of the leading manufacturers and suppliers of Calcined Lime hit 20 percent upper circuit after the company’s net profit and revenue increased by 252 percent YoY and 32 percent QoQ, respectively in the fourth quarter.
With a market capitalization of Rs 43.18 crore, the shares of Raw Edge Industrial Solutions Ltd closed at Rs 42.93 per share, increasing around 19.98 percent as compared to the previous closing of Rs 35.78 apiece.
Looking into the company’s performance, Raw Edge Industrial Solutions Ltd’s revenue increased by 32 percent on a quarter-on-quarter basis from Rs. 9.90 crore in Q3FY24 to Rs. 13.12 crore in Q4FY24. Further, revenue increased by 18 percent year on year, from Rs. 11.09 crore in Q4FY23 to Rs. 13.12 crore in Q4FY24.
Raw Edge Industrial Solutions Ltd’s net profit increased on a quarter-on-quarter basis, from a loss of Rs. 0.22 crore in Q3FY24 to a profit of Rs. 0.58 crore in Q4FY24. Further, net profit increased year on year from a loss of Rs. 0.38 crore in Q4FY23 to a profit of Rs. 0.58 crore in Q4FY24.
The company’s profitability measures show a decline in return on equity (RoE) from 0.10 percent in FY 22-23 to (2.67) percent in FY 23-24, while, during the same period return on capital employed (RoCE) decreased from 6.31 percent to 4.05 percent. In contrast, the net profit margin (NPM) was (1.30) percent in fiscal year 22-23.
In the company’s recent shareholding pattern, promoters own 72.67 percent while Retail shareholders own a 27.34 percent stake in the company.
Raw Edge Industrial Solutions Limited is an India-based firm that provides industrial minerals to the manufacturing industry. It provides big and medium-sized industrial houses with fully integrated raw material supply solutions.
Written by:- Abhishek Singh
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