During Monday’s trading session, the shares of a company engaged in manufacturing value-added secondary aluminium products hit a 5 percent upper circuit at Rs. 29.91 on BSE, after the company reported a rise in net profit by 140 percent QoQ and 42 percent YoY in Q2 FY25.
With a market cap of Rs. 196 crores, the shares of Manaksia Aluminium Co Ltd (NS:MANL) opened in the green at Rs. 29.91, as compared to its previous closing price of Rs. 28.49.
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What’s the news:
The fluctuations in the share prices were observed after Manaksia Aluminium Company Limited announced the financial results for Q2 FY25, through the latest filings with the stock exchanges on Friday post-market hours.
For Q2 FY25, Manaksia Aluminium Company Limited reported revenue from operations of Rs. 150.61 crores, reflecting a significant growth of around 84.3 percent QoQ from Rs. 81.72 crores in Q1 FY25, but declined marginally by about 33.8 percent YoY from Rs. 112.6 crores in Q2 FY24.
The company’s net profit for Q2 FY25 grew to Rs. 1.7 crores, representing a rise of around 140 percent QoQ from Rs. 0.71 crores in Q1 FY25, and a year-on-year growth of nearly 42 percent from Rs. 1.2 crores in Q2 FY24.
Shareholding Pattern:
As per the September 2024 shareholding pattern, the Promoters hold a 72.86 percent stake in the company, while Retail Investors hold a 27.13 percent stake in Manaksia Aluminium Company Limited.
Stock Performance:
The stock has delivered positive returns of nearly 25.5 percent in one year, as well as around 22 percent returns in the last six months. So far in 2024, the shares of Manaksia Aluminium Company have given positive returns of about 18.3 percent.
About the company:
Manaksia Aluminium Company Limited is primarily engaged in the business of manufacturing value-added secondary aluminium products like Aluminium Rolled Sheets/Coils. The manufacturing units of the company are located at Haldia & Bankura in West Bengal.
Written by Shivani Singh
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