Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Markets / Stock Markets/  Punjab Chemical hit 52-week-low after reporting 83% fall in Q4 net profit, revenue slips 24%
BackBack

Punjab Chemical hit 52-week-low after reporting 83% fall in Q4 net profit, revenue slips 24%

During today's closing session, the market capitalization of the small-cap company Punjab Chemicals and Crop Protection was ₹923.59 Cr.

Among the Sensex stocks, Bajaj Finserv, Bajaj Finance, IndusInd Bank, Tech Mahindra, and ICICI Bank ended between 4% and 5.5%Premium
Among the Sensex stocks, Bajaj Finserv, Bajaj Finance, IndusInd Bank, Tech Mahindra, and ICICI Bank ended between 4% and 5.5%

During today's closing session, the market capitalization of the small-cap company Punjab Chemicals and Crop Protection was 923.59 Cr. From producing key chemicals like oxalic acid, Punjab Chemicals is currently engaged with allied pharmaceutical and industrial chemical products.

“The Board has recommended dividend of 30% i.e. Rs. 3/- per equity share on equity shares of Rs.10/- each, subject to approval of members at the ensuing Annual General Meeting. The dividend will be paid / dispatched within 30 days of the Annual General Meeting," said Punjab Chemicals and Crop Protection in a stock exchange filing.

The company reported revenue from operations of 195.04 crore in March 2023 quarter, down by 24.6%YoY from Rs. 258.68 crore in March 2022 quarter. The company said its net expenses stood at 185.49 Cr during Q4FY23 as against 232.94 Cr during Q4FY22.

Punjab Chemicals and Crop Protection said its net profit reached Rs. 3.20 Cr during the quarter under review down by 83.46% YoY from Rs. 19.35 Cr reported during the year-ago quarter. Its EPS stood at 2.61 during Q4FY23 as against 15.78 during the year-ago quarter.

After its poor Q4 results, the shares of Punjab Chemicals and Crop Protection hit a fresh 52-week-low of 729.10 during afternoon deals and then closed on the BSE at 753.20 apiece level down by 5.68% from the previous close of 798.55. The scrip touched a 52-week-high of 1,449.95 on (02/08/2022). During Q4FY23, Punjab Chemicals and Crop Protection recorded a promoter shareholding of 39.22%, FIIs stake of 2.99%, DIIs stake of 0.98% and a public stake of 56.82%.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 04 May 2023, 05:00 PM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie