According to an exchange filing, the quarterly net profit came stood at Rs 8.02 crore. It had posted a net profit on consolidated basis at Rs 4.48 crore, according to an exchange filing by the company.
The development assumes significance as it comes in the backdrop of the government's efforts to support small and medium enterprises that contribute more than 30 per cent to the country's GDP.
The estimated project cost of targeted projects is about Rs 50 crore.
The coal supplies within a fortnight and will be completed by end of October, it said in an exchange filing.
Sensex climbs 300.1 points to 65,540.78 in early trade; Nifty advances 105.9 points,
According to an exchange, the board has approved the sub-division of equity shares in the ratio of 10:1 (ten for one).
The shares of the company will be listed on NSE Emerge, a platform for small and medium enterprises, Ahmedabad-based digital transformation and technology services company said in a statement.
Bonus shares are additional shares that listed companies issue to existing shareholders at no cost. The exercise is done under the guidelines of the SEBI. It increases liquidity and encouraged retail participation.
It has posted a consolidated revenue from operations at Rs 54.9 crore for the quarter ended June 30, according to a BSE filing. The net profit stood at Rs 1.18 crore in the quarter, boosted by strong demand in the FMCG segment.
The profit after tax (PAT) stood at Rs 4.10 crore in the April-June quarter, boosted by higher revenues, according to an exchange filing by the company. It had posted a net profit of Rs 35 lakh in the corresponding period last year, the filing added.
The PAT increased by a whopping 144 per cent in the April-June quarter, the filing said, adding that earnings before interest, taxes, depreciation and amortization (EBITDA) jumped by over 200 per cent.
A sub-division or split is a corporate action that is done to make the stock affordable and widen shareholders' base. It results in increasing the total number of outstanding shares in the market.
Investors' wealth climbed Rs 7,90,235.84 crore in five days of rally. The market capitalisation of BSE-listed firms also reached an all-time high of Rs 2,98,57,649. 38 crore on Tuesday.
Sensex opened up at 353.34 points and currently trading at 65,071.90, an all-time high.
From the Sensex pack, Power Grid, UltraTech Cement, HDFC Bank, Wipro, HDFC, Hindustan Unilever, Larsen & Toubro, Tech Mahindra, Bajaj Finserv, Titan, Tata Consultancy Services, and Reliance Industries were the major gainers.
The company with a market cap of Rs 3,500 crore is mainly involved in the business of transportation, logistics, construction, oil and lubricants, coal mining among others.
The 30-share BSE index zoomed 466.95 points or 0.74 percent to settle at a record closing high of 63,384.58. During the day, it rallied 602.73 points or 0.95 percent to 63,520.36.
Indian shares began the day muted on Wednesday, but the losses were recouped in the second half and the day ended with slight gains.
Shareholding pattern on exchange show that non-institutional investors own 49.54 per cent stake while promoters have 48.05 per cent stake.
QIP is a method wherein a firm issue shares to the public without going through regulatory compliance.
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