Metal stock hits 10% upper circuit after reporting 1652% QoQ increase in net profits
During Friday’s trading session, shares of a company engaged in manufacturing of copper finished goods and extrusion products hit a 10 percent upper circuit on BSE, after the company reported a rise in net profit by around 1652 percent QoQ in Q3 FY25.
Price Movement
With a market cap of Rs. 126.5 crores, the shares of Baroda Extrusion Limited opened in the green at Rs. 8.49 on BSE, up by around 10 percent, as compared to its previous closing price of Rs. 7.72.
The stock delivered positive returns of nearly 85.4 percent in one year, while around 2 percent of negative returns in the last six month.
What’s the news
The fluctuations in the share prices were observed after Baroda Extrusion Limited announced the financial results for Q3 FY25, through the recent filings with the BSE.
For Q3 FY25, Baroda Extrusion reported revenue from operations of Rs. 44.5 crores, registering a significant growth of around 24.6 percent QoQ from Rs. 35.7 crores in Q2 FY25, and a rise of about 53.4 percent YoY from Rs. 29 crores in Q3 FY24.
The company’s net profit for Q3 FY25 to Rs. 87.6 lakhs, representing a growth of around 1652 percent QoQ from Rs. 5 lakhs in Q2 FY25, while on a year-on-year basis, the Profit After Tax (PAT) improved significantly from a loss of Rs. 5.7 lakhs in Q3 FY24.
About the Company
Incorporated in 1991, Baroda Extrusion Limited is primarily engaged in the business of manufacturing of extrusion products, and trading in ferrous and nonferrous metals. The installed capacity of the company’s plant is 6000 MT per annum.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
