Vijay Kedia inventory jumps 12% upon declaring Outcomes, Dividend and Inventory Cut up

0

Engineering inventory held by Vijay Kedia engaged within the designing and manufacturing of fabric dealing with gear, industrial gears and lots of extra jumped upto 12 p.c within the days upon declaring Q4FY24 outcomes, closing dividend, and inventory cut up within the ratio of 1:2. 

With a market capitalization of Rs. 12,768 Crores, the shares of Elecon Engineering Restricted have been buying and selling at Rs. 1,115, up 5.03 p.c from its earlier day’s shut worth of Rs. 1,061.65. 

Elecon Engineering Restricted has introduced the monetary outcomes of the corporate for the quarter/yr ended March 31, 2024, as follows 

Its income from operations grew by 32.99 p.c YoY from Rs. 424.54 Crores in Q4FY23 to Rs. 564.62 Crores in Q4FY24 and it grew by 19.22 p.c QoQ from Rs. 473.56 Crores in Q3FY24 to Rs. 564.62 Crores in Q4FY24. Yearly it generated a income of Rs. 1,529.68 Crores in FY23 and Rs. 1,937.42 Crores in FY24 indicating a development of 26.65 p.c YoY. 

Its Web Revenue grew by 52.56 p.c YoY from Rs. 67.94 Crores in Q4FY23 to Rs. 103.65 Crores in Q4FY24 and it grew by 14.65 p.c QoQ from Rs. 90.40 Crores in Q3FY24 to Rs. 103.65 Crores in Q4FY24.Yearly it generated a revenue of Rs. 237.51 Crores in FY23 and Rs. 355.58 Crores in FY24 indicating a development of 49.71 p.c YoY. 

In Addition, the Board of Administrators of the corporate has authorized the sub-division of the fairness shares of the corporate within the ratio of 1:2 the place an fairness share with a face worth of Rs. 2.00 every will probably be cut up into 2 fairness shares of the face worth of Rs. 1.00 every. 

The Board of Administrators of the corporate has additionally really useful to pay a closing Dividend of Rs. 2 per fairness share held as on the document date by the fairness shareholders of the corporate. 

Ace Investor Vijay Kishanlal Kedia holds a 1.34 p.c stake within the firm consisting of 14.99 Lakh fairness shares. He took a contemporary holding within the firm within the June 2021 quarter by buying a 1.19 p.c stake consisting of 13.37 Lakh fairness shares. 

Elecon Engineering Restricted is engaged within the designing and manufacturing of fabric dealing with gear and industrial gear and can also be concerned in offering erection and commissioning options for its merchandise. 

Written by: Bharath Okay.S

Disclaimer

The views and funding ideas expressed by funding consultants/broking homes/ranking companies on tradebrains.in are their very own, and never that of the web site or its administration. Investing in equities poses a threat of monetary losses. Buyers should subsequently train due warning whereas investing or buying and selling in shares. Dailyraven Applied sciences or the creator usually are not answerable for any losses triggered because of the choice based mostly on this text. Please seek the advice of your funding advisor earlier than investing.

Leave a Reply

Your email address will not be published. Required fields are marked *