Penny Stock Below Rs 5 Jumps After Reporting Stellar Results; PAT Jumps 149 Per Cent to Rs 16.98 Crore in FY25
The stock is up by 15.6 per cent from its 52-week low of Rs 2.12 per share.
On Friday, shares of Vikas Ecotech Ltd gained 2.94 per cent to an intraday high of Rs 2.45 per share from its previous closing of Rs 2.45 per share. The stock’s 52-week high is Rs 4.34 and its 52-week low is Rs 2.12.
Vikas Ecotech, a leading manufacturer of speciality chemicals and polymers in Delhi, caters to a wide range of industries with stabilisers, plasticisers, and other additives. They are a unique player in the global market, being the only Indian manufacturer of organotin (a key stabiliser) with in-house R&D, and are constantly expanding through acquisitions, like a recent plasticiser business and a steel company for infrastructure projects. Vikas Ecotech also includes Vikas Organics, a well-established plasticiser producer with a strong domestic and international presence.
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According to Quarterly Results, the net sales increased by 43 per cent to Rs 102.61 crore and net profit increased by 87 per cent to Rs 4.30 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales increased by 46 per cent to Rs 377.67 crore and net profit increased by 149 per cent to Rs 16.98 crore in FY25 compared to FY24.
The promoters of the company hold 10.65 per cent stake, FIIs hold 0.02 per cent stake and public shareholders holds 89.33 per cent stake. The company has a market cap of over Rs 400 crore. The stock is up by 15.6 per cent from its 52-week low of Rs 2.12 per share.
Disclaimer: The article is for informational purposes only and not investment advice.