The Board of Directors of the company have approved a sub-division/ split of the company’s 1 equity share of the company having a face value of Rs 10 each into 10 equity shares of the company having a face value of Rs 1 each and bonus shares in the ratio of 2:1.

According to the annual results, the net sales increased by 7 per cent to Rs 3,125.55 crore and the net profit increased by 24.46 per cent to Rs 137.32 crore in FY23 compared to FY22.

Earlier, the company declared a rights issue for its eligible shareholders. According to an exchange filing by the freight forwarding company, has announced a rights issue of up to 4,51,77602 partly paid-up equity shares with a face value of Rs 10 each.

Quarterly Results: The Net sales stood at Rs 98.89 crore, up 6.48 per cent; Profit before tax stood at Rs 12.92 crore, up 420.50 per cent and Profit After Tax of Rs 11.70 crore, up 340 per cent in Q1FY24 compared to Q1FY23.  

As of June 2023, Rekha R Jhunjhunwala, wife of the Late Rakesh Jhunjhunwala, possesses an 8.04 per cent ownership share in the firm. Furthermore, she holds the largest portion of company shares among public shareholders.

The stock has gained more than 100 per cent in the last six months.

Previously, the company received an EPC order for a value of approx. Rs 360 crore for a project in India and another order was Rs 826 crore for the design, construction and commissioning of 1 GW p project. Including all the orders to date, the company’s order book stands at over Rs 7,200 crore.

Pharma Intermediates took the lead, contributing 84.0 per cent, followed by Specialty Chemicals at 16.0 per cent. 

According to the standalone annual results, the net sales increased by 12.43 per cent to Rs 2,503.75 crore and the net profit increased by 90.02 per cent to Rs 104.10 crore in FY23 over FY22. The EPS for FY23 stood at Rs 11.07. The company has a market cap of over Rs 2,200 crore.

According to the quarterly results and annual results, the company reported positive numbers. The net sales increased by 13 per cent to Rs 342 crore in Q1FY24 compared to net sales of Rs 303 crore in Q1FY23. The company reported a net profit of Rs 57 crore in Q1FY24 compared to a net profit of Rs 63 crore in the same quarter last year.