Shares of a company engaged in the manufacturing engineering goods surged around 3.5 percent on BSE to Rs. 1,412 on Thursday, after the company’s Board approved a 1:5 stock split and Q2 FY25 results with a rise in PAT by nearly 210 percent QoQ and 45 percent YoY.
With a market cap of Rs. 546.4 crores, the shares of Mazda Limited opened in the green at Rs. 1,370, up by nearly 0.4 percent, as compared to its previous closing price of Rs 1,364.65.
What’s the news:
The fluctuations in the share prices were observed after Mazda Limited announced the financial results for Q2 FY25 and the approval of 1:5 stock split, through the recent filings with the stock exchanges on Wednesday post-market hours.
For Q2 FY25, Mazda Limited reported revenue from operations of Rs. 56.8 crores, reflecting a significant growth of around 57 percent QoQ from Rs. 36.2 crores in Q1 FY25, but decreased by about 9.4 percent YoY from Rs. 62.7 crores in Q2 FY24.
The company’s net profit for Q2 FY25 grew to Rs. 9 crores, representing a rise of around 210.3 percent QoQ from Rs. 2.9 crores in Q1 FY25, and a year-on-year growth of nearly 45.2 percent from Rs. 6.2 crores in Q2 FY24.
Further, the Board of Mazda Limited approved the sub-division/split of the existing 1 equity share of face value of Rs. 10 each fully paid up into 5 equity shares of face value of Rs. 2 each fully paid up, subject to shareholders approval.
Shareholding Pattern:
As per the September 2024 shareholding pattern, the Promoters hold a 48.52 percent stake in the company, Foreign Institutional Investors (FII) hold a 0.2 percent stake, while Retail Investors and Domestic Institutional Investors (DII) hold a 51.24 percent and 0.02 percent stake in Mazda, respectively.
Stock Performance:
The stock has delivered positive returns of nearly 4.7 percent in one year, while around 0.3 percent of negative returns in the last six months. So far in 2024, the shares of Mazda have given positive returns of about 4.6 percent.
About the company:
Incorporated in 1990, Mazda Limited is engaged in the business of manufacturing engineering goods like Vacuum Products, Evaporators, Pollution Control Equipments, as well as manufacturing of food products like Food colour, various Fruit Jams & Fruit mix Powders etc. The company sells its products in the domestic as well as export markets
Written by Shivani Singh
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