During Wednesday’s trading session, the shares of a company manufacturing and exporting polished granite slabs & tiles and engineering stones surged 19.4 percent to Rs. 82 on BSE, after reporting a rise in net profit by around 117 percent QoQ and 160 percent YoY in FY25.
With a market cap of Rs. 74 crores, at 01:05 p.m., the shares of Divyashakti Limited were trading in the green at Rs. 72, up by around 4.8 percent, as compared to its previous closing price of Rs. 68.69.
What’s the news
The fluctuations in the share prices were observed after Divyashak Limited announced the financial results for Q3 FY25, through the rece filings with the stock exchange
For Q3 FY25, Divyashakti reported revenue from operations of Rs. 19 crores, registering a significant increase of around 18.8 percent QoQ fr Rs. 16 crores in Q2 FY25, as well as a rise of about 3 percent YoY from Rs. 18.5 crores in Q3 FY24.
The company’s net profit for Q3 FY25 grew to Rs. 1.3 crores, representing a significant rise of around 117 percent QoQ from Rs. 0.6 crores in FY25, and a year-on-year increase of nearly 160 percent from Rs. 0.5 crores in Q3 FY24.
Stock Performance
The stock has delivered negative returns of nearly 15 percent in one year, as well as around 10 percent returns in the last six months. Similarly, the shares of Divyashakti have given negative returns of about 2 percent in the last one month.
About the Company
Incorporated in 1991, Divyashakti Limited, formerly known as Divyashakti Granite Limited, is engaged in the business of manufacturing and exporting of polished Quartz Slabs and Granite slabs, tiles, and monuments.
The company is a leading manufacturer of quartz slabs, specializing in the production of high-quality quartz surfaces.
Written by Shivani Singh
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