Annual Results: The net sales increased by 19.96 per cent to Rs 809.15 crore and the net profit increased by 47.43 per cent to Rs 28.53 crore in FY23 compared to FY22.

The overall market breadth seems positive, with about 1321 stocks advancing and only 507 stocks declining, suggesting a favorable sentiment in the broader market.

The company has been able to grow its sales by 22 per cent (CAGR) for the past 3 years and net profit has grown by 76 per cent (CAGR) for the same period.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in red with a loss of 354.47 points or 0.54 per cent.

This company is a large-cap having a market cap of over Rs 70,000 crore. According to the quarterly and annual financial results, the company reported positive numbers. The company has been maintaining a healthy dividend payout of 36.70 per cent.

Annual Results: The net sales increased by 17.56 per cent to Rs 2,338.30 crore and the net profit increased by 12.47 per cent to Rs 148.34 crore in FY23 over FY22. The EPS for FY23 stood at Rs 27.62. Out of the total revenue in FY23, domestic is 72 per cent and international is 28 per cent.

The company reported net sales of Rs 129.81 crore in Q4FY23 compared to net sales of Rs 202.35 crore in Q4FY22 while the net profit increased by 81 per cent to Rs 1.81 crore in Q4FY23 over Q4FY22. The net sales increased by 14 per cent to Rs 689 crore and net profit skyrocketed by 167 per cent to Rs 8 crore in FY23 over FY22.

Owing to the positive news the stock made a fresh 52-week high gaining about 6 per cent.

This partnership underscores the Company's dedication to leveraging innovative financing solutions to strengthen its position in the market.

The stock of the company was listed on NSE as an SME company with a lot size of Rs 1,600 equity shares on February 03, 2023. The company has a market cap of Rs 50 crore. The net sales increased by 3.15 per cent to Rs 218 crore and net profit skyrocketed 300 per cent to Rs 4 crore.