During Thursday’s trading session, the shares of a micro-cap company engaged in manufacturing cotton yarns moved up by nearly 4.9 percent on BSE, after the company announced scheduling a Board meeting for a stock split.
Price Movement:
With a market cap of Rs. 105.7 crores, at 12:03 p.m., the shares of Padam Cotton Yarns Limited were trading in the green at Rs. 81.9, up by nearly 3.8 percent, as compared to its previous closing price of Rs. 78.93.
The stock has delivered multibagger returns of around 596 percent in just one year, but fell by over 16 percent in the last one month.
What’s the News:
As per the latest regulatory filings with the BSE, Padam Cotton Yarns Limited has announced that a meeting of the Board of Directors of the company will be held on Wednesday, 23rd April 2025, at the company’s registered office in Karnal.
The purpose of the meeting is to consider and approve a proposal for the sub-division (stock split) of the company’s equity shares, in a manner to be determined by the Board. The proposal will be subject to the approval of the shareholders.
Financial Performance:
Padam Cotton reported a significant growth in revenue from operations, experiencing a quarter-on-quarter increase of nearly 1081 percent, rising from Rs. 1.11 crores in Q3 FY25 to Rs. 13.11 crores in Q4 FY25.
However, during the same period, its net profit decreased from Rs. 8.34 crores to Rs. 1.91 crores, representing a decrease of around 77 percent QoQ.
The company’s total expenses increased by about 734 percent QoQ from Rs. 1.3 crores in Q3 FY25 to Rs. 10.84 crores in Q4 FY25.
Dividend Updates:
The company’s Board has recommended a final dividend of Re. 1 per fully paid up equity share of Rs. 10 each, for the financial year ended 31st March, 2025, subject to the approval of the shareholders of the company at the ensuing Annual General Meeting (AGM).
Padam Cotton has also declared its first interim Dividend on 13th November 2024, during FY25, to shareholders holding shares as on Wednesday, 27th November 2024, the Record date.
About the company:
Padam Cotton Yarns Limited is engaged in the business of manufacturing all kinds of yarns, trading/marketing of agricultural implements, pumps, and motors, and also providing consultancy in textile-related business.
The company has a focus on enhancing offerings in lifestyle and exploring various new trends in readymade garments and adding new products in lifestyle, textile products, and the fashion industry.
Written by Shivani Singh
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