One of the leading promotional marketing agency engaged in the business of ideation, conceptualization, designing, etc of promotional products jumped 6 percent in the day’s trade upon receiving export orders worth 7.70 Lakh USD.
At 12:26 p.m the shares of Pramara Promotions Limited were trading at Rs. 148, up 5.53 percent from its previous day’s close price of Rs. 140.25 and its market capitalization is Rs. 127 Crores.
Pramara Promotions Limited and its Hong Kong subsidiary Pramara Promotions Pvt Ltd have received export orders worth 3.89 Lack USD and 3.81 Lack USD respectively from Surehome Solutions, LLC USA, for the export of home accessories.
The 2 orders in total aggregate 7.70 Lakh USD or Rs. 6.39 Crores and the said export order is scheduled to be completed by FY 2024-2025.
Pramara Promotions Limited is a promotional marketing agency engaged in the business of ideation, conceptualization, designing, manufacturing & marketing of promotional products, gift items, and many more.
Its revenue from operations grew 1.85 percent from Rs. 49.16 Crores in FY22 to Rs. 50.06 Crores in FY23, accompanied by increasing profits of Rs. 1.35 Crore to Rs. 2.23 Crore.
It has reported a return on equity (ROE) of 15 percent and a return on capital employed (ROCE) of 13.9 percent, it is making decent returns on its equity and capital employed as the growth in its financials is slow.
Written by: Bharath K.S
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