During Tuesday’s trading session, the shares of one of India’s leading basmati rice exporters surged nearly 16.3 percent to hit a new 52-week high at Rs. 360 on BSE, after the company announced financial results for Q2 FY25.
With a market cap of Rs. 1,776.7 crores, at 02:31 p.m., the shares of Chaman Lal Setia Exports Ltd (NS:CLSE) were trading in the green at Rs. 356.35, up by nearly 15 percent, compared to its previous closing price of Rs. 309.65.
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What’s the news:
The fluctuations in the share prices were observed after Chaman Lal Setia Exports Limited announced the financial results for Q2 FY25, through the latest filings with the stock exchanges on Monday (NASDAQ:MNDY) post-market hours.
For Q2 FY25, Chaman Lal Setia Exports reported consolidated revenue from operations of Rs. 369 crores, reflecting a marginal growth of around 1.7 percent QoQ from Rs. 363 crores in Q1 FY25, as well as an increase of about 19.4 percent YoY from Rs. 309 crores in Q2 FY24.
The company’s net profit for Q2 FY25 grew to Rs. 26.7 crores, representing a significant growth of around 18 percent QoQ from Rs. 22.6 crores in Q1 FY25, as well as a year-on-year growth of nearly 2 percent from Rs. 26.2 crores in Q2 FY24.
In terms of EBITDA, Chaman Lal Setia Exports posted an increase from Rs. 32 crores in Q1 FY25 to Rs. 36 crores in Q2 FY25, reflecting a growth of about 1.2 percent QoQ. Further, the EBITDA increased by 12.2 percent YoY compared to Rs. 35.6 crores in Q2 FY24.
The company’s EBITDA margin for Q2 FY25 stood at 9.8 percent, a decline of 178 bps from 11.5 percent in Q2 FY24, but an improvement of 90 bps from 8.9 percent in Q1 FY25.
Stock Performance:
The stock has delivered positive returns of nearly 70 percent in one year, as well as around 60.3 percent returns in the last six months. So far in 2024, the shares of Chaman Lal Setia Exports have given positive returns of about 40 percent.
About the company:
Founded in 1974, Chaman Lal Setia Exports Limited is engaged in the business of milling and processing of basmati rice. Currently, the company exports to more than 90 countries around the world, including European, Middle-eastern, American, Asian and many other markets.
As of FY24, Chaman Lal Setia Exports derived nearly 89 percent of its revenue from operations from exports, as compared to around 88 percent in FY23. The company has a manufacturing unit located in Karnal (Haryana) which has an installed capacity of 12 metric tonnes (MT) per hour.
Written by Shivani Singh
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