The shares of one of the agro based product trading company, specializes in providing infrastructure solutions for the agriculture and agro-processing industries, hits 20 percent upper circuit upon declaring Q3 results and generating 1,235 percent profit gain YoY
Price action
With a market capitalization of Rs. 47.6 crores on Thursday, the shares of Julien Agro Infratech Limited hit a 20 percent upper circuit making a high of Rs.12.03 per share compared to its previous closing price of Rs. 10.03 per share.
What Happened
Julien Agro Infratech Limited specializes in providing infrastructure solutions for the agriculture and agro-processing industries have announced their Q3FY25 results.
Its Revenue from operations grew by 607 percent YoY from Rs. 5.46 Crores in Q3FY24 to Rs. 38.63 Crores in Q3FY25 and it grew by 25.8 percent QoQ from Rs. 30.70 Crores in Q2FY25 to Rs. 38.63 Crores in Q3FY25.
Its Net Profit rose by 1,235 percent YoY from Rs. 0.20 Crores in Q3FY24 to Rs. 2.67 Crores in Q3FY25 and it rose by 30.8 percent QoQ from Rs. 2.04 Crores in Q2FY25 to Rs. 2.67 Crores in Q3FY25.
And also the company has approved fund raising through a preferential issue of 2,00,00,000 fully convertible equity warrants, exercisable by the warrant holder to subscribe to one equity share at a face value of Rs. 5, plus a premium as per the Registered Valuer’s report.
Along with it the company has declared a second interim dividend of Rs. 0.05 per equity share for the financial year 2024-25.The Record Date to determine who is eligible for the dividend is set for Friday, February 07, 2025.
Recent Events
The company has recently announced a stock split and fixed Wednesday, January 08, 2025, as the Record Date for the sub-division of existing Equity Shares. Each fully paid-up share with a face value of Rs. 10 will be split into two shares of Rs. 5 in a 1:2 ratio.
Written by Sridhar J
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