Penny Stock Under Rs 15: Marble Trading and Processing Business Reports 453.02 Per Cent QoQ Revenue Surge; FY25 Revenue Jumps 476.48 Per Cent
On a YTD basis, the stock is up by 33 per cent, while in the last 12 months, it is up by 89 per cent.
Shares of Oriental Tremix Ltd. jumped over 7 per cent on Monday as the company reported its Quarterly Results for March 2025 and financial results for FY25. On a YTD basis, the stock is up by 33 per cent, while in the last 12 months, it is up by 89 per cent.
For the quarter ending March 2025, the company reported a significant rise in operational performance. Revenue from operations jumped to Rs 16.66 crore from Rs 3.01 crore in the same quarter last year, reflecting a year-on-year growth of 453.02 per cent. The company also posted a profit after tax of Rs 5.97 crore, marking a turnaround from a loss of Rs 6.43 crore reported in the March 2024 quarter.
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On an annual basis, the company's performance remained strong. Revenue from operations for FY25 stood at Rs 21.02 crore, up 476.48 per cent from Rs 3.65 crore in FY24. The profit after tax for the year came in at Rs 8.57 crore, compared to a loss of Rs 6.50 crore in the previous financial year, highlighting a full-year turnaround in profitability.
Earlier, Oriental Trimex Limited announced the grant of a 30-year mining lease by the Government of Odisha, Steel & Mines Department, for the extraction of decorative stone, specifically black granite. The lease covers an area of 4.961 hectares, which is approximately 12.260 acres. This significant development is expected to positively impact the company's operations and long-term profitability.
The leased area is situated at village Potteru under Motu Tahasil of Malkangiri District, Odisha. The grant date for the lease is May 21, 2025. Oriental Trimex Limited anticipates an annual income ranging from Rs 10 crore to Rs 15 crore from this quarry.
The company had initially applied for a mining lease over an area of 25.40 acres (10.279 hectares) in village Potteru on November 27, 2007. The area was subsequently reduced to 4.961 hectares (12.26 acres) due to the exclusion of forest land, with concurrence from the authorities. The mining plan for the approved area was sanctioned by the Director of Mines & Geology, Odisha, on December 12, 2023. Environmental Clearances were issued by SEIAA on January 31, 2025. As the leased area does not involve any forest land, Forest Clearance was not required.
Additional stipulations include the requirement for the lessee to create processing capacity of at least one-fifth of the authorised production capacity within three years from the grant date. Furthermore, at least 25 per cent of the production from the lease should be dispatched for processing to an industry located within the State. Upon cessation of mining operations, the company is also required to undertake re-grassing and restore the land for fodder, flora, and fauna growth. Oriental Trimex Limited has been requested to comply with all terms and conditions, including furnishing a surveyed map and boundary description, and executing and registering the lease deed within three months.
Oriental Trimex Limited specializes in the mining, processing, and trading of various natural stones, including marble, granite, and other decorative stones. The company caters to both domestic and international markets, supplying raw blocks, slabs, and finished products for construction and architectural projects.
Disclaimer: The article is for informational purposes only and not investment advice.