Penny stock engaged in the business of infrastructure and real estate, wastepaper, and allied products hit a 5 percent upper circuit in the day’s trade following 176 percent jump in Net Profits.
Price Action
With a market capitalization of Rs. 17.81 Crores, the shares of Parle Industries Limited hit a 5 percent upper circuit in the day’s trade at Rs. 12.72 per equity share, from its previous day’s close price of Rs. 12.12.
Results
Its revenue from operations half yearly grew by 86 percent HoH from Rs. 35 Lakhs in H2FY24 to Rs. 65.02 Lakhs in H1FY25. On a YoY basis, it has not made any revenue from operations in the September 2023 quarter.
On a half-yearly basis, it made a profit of Rs. 37.81 Lakhs in H1FY25 compared to a loss of Rs. 36,000 in H1FY24 and its net profit grew by 176 percent HoH from Rs. 13.7 Lakhs in H2FY24 to Rs. 37.81 Lakhs in H1FY25.
About the Company
Parle Industries Limited is engaged in the business of infrastructure and real estate, wastepaper, and allied products. It is used to provide services like knowledge management services, e-business, multimedia, and information consulting to domestic and international clients.
In terms of Return ratios, it has delivered a return on equity (ROE) of 0.15 percent and a return on capital employed (ROCE) of 0.53 percent. Coming to leverage it has maintained a debt-to-equity ratio of 0.02.
Written by: Bharath K.S
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