Shares of this micro-cap company in the business of tea, coffee, and rubber manufacturing skyrocketed 19 percent on Tuesday reporting a 14 percent YoY increase in revenue, along with strong net profit growth in its latest quarterly results.
Price Action
On Tuesday, Shri Vasuprada Plantations Ltd’s share price hit an intra-day high of Rs.117.40, marking an 18.9 percent increase from the previous close of Rs.98.70. Over the past six months, the stock has gained more than 30 percent.
What Happened
Shri Vasuprada Plantations Ltd saw a strong surge in its stock price, driven by significant growth in both revenue and net profit for the latest quarter. For Q2 FY25, the company reported a 14 percent rise in revenue, reaching Rs.35.45 crore, up from Rs.31.10 crore in Q2 FY24. Sequentially, revenue grew by 30 percent from Rs.27.43 crore in Q1 FY25.
Net profit also saw a notable turnaround to Rs.4.38 crore in Q2 FY25 from net loss of Rs.1.59 crore in Q2 FY24 and from a loss of Rs.8.10 crore in Q1 FY25.
Core Products
Shri Vasuprada Plantations Ltd focuses on several core products. The company produces approximately 5.5 million kilograms of Assam CTC and Orthodox teas annually, sourced from its estates in Assam, Kerala, and Karnataka.
In coffee, around 80 percent of its production is Parchment Coffee, which is carefully processed. Additionally, SVPL is involved in rubber production, offering stabilized latex, smoked sheets, and crumb rubber.
Segmental Revenue
Shri Vasuprada Plantations Ltd reported segment revenue with tea contributing the highest at Rs. 2,716.73 crore, making up 91.52 percent of total revenue. The rubber segment generated Rs. 732.13 crore, accounting for 4.98 percent, followed by coffee at Rs. 64.81 crore (2.24 percent) and other categories at Rs. 31.24 crore (1.26 percent).
Shareholding Pattern
As of October 2024, Shri Vasuprada Plantations Ltd’s shareholding structure indicates that the promoters own 74.89 percent of the company, while Domestic Institutional Investors hold 2.29 percent and Retail Investors own 22.82 percent.
About the Company
Shri Vasuprada Plantations Limited (SVPL), formerly Joonktollee Tea & Industries Ltd., was founded in 1874. Initially, the company focused on managing a tea estate in Upper Assam, and over time, it expanded its operations to become a significant producer of Assam CTC and Orthodox teas, with activities extending to South India.
Written by – Siddesh S Raskar
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.
