During Friday’s morning trading session, the shares of a leading packaging solution provider in India surged by 9.8 percent to Rs. 42.7 on BSE, after the company reported Q2 FY25 results with a rise in net profit of around 26 percent QoQ and 104 percent YoY.
With a market cap of Rs. 540.5 crores, at 11:47 a.m., the shares of Shree Rama Multi-Tech Limited were trading in the green at Rs. 40.5, up by nearly 4.2 percent, compared to its previous closing price of Rs. 38.86.
What’s the news:
The fluctuations in the share prices were observed after Shree Rama Multi-Tech Limited announced the financial results for Q2 FY25, through the latest filings with the stock exchanges on Thursday post-market hours.
For Q2 FY25, Shree Rama Multi-Tech reported revenue from operations of Rs. 52.8 crores, reflecting a significant growth of around 23 percent QoQ from Rs. 43 crores in Q1 FY25, as well as a rise of about 20.6 percent YoY from Rs. 43.77 crores in Q2 FY24.
The company’s net profit for Q2 FY25 grew to Rs. 5.3 crores, representing a rise of around 26.2 percent QoQ from Rs. 4.2 crores in Q1 FY25, and a year-on-year growth of nearly 104 percent from Rs. 2.6 crores in Q2 FY24.
Shareholding Pattern:
As per the September 2024 shareholding pattern, the Promoters hold a 61.57 percent stake in the company, while Retail Investors hold a 38.42 percent stake in Shree Rama Multi-Tech.
Stock Performance:
The stock has delivered positive returns of nearly 38.2 percent in one year, as well as around 61.7 percent returns in the last six months. So far in 2024, the shares of Shree Rama Multi-Tech have given positive returns of about 39.2 percent.
About the company:
Established in 1987, Shree Rama Multi-Tech Limited is engaged in the business of the plastic and packaging industry, serving both domestic and foreign markets, by selling its products through an established network.
Written by Shivani Singh
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