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Steel stock hits 20% upper circuit after its net profits increase by 68.32% YoY

Leading steel company reported a 36.46% rise in net sales, with a 68.32% increase in net profit and 48.3% growth in EBITDA for December 2024, reflecting strong financial performance.
Steel stock surges 20% after net profits soar by 68.32% YoY, signaling strong financial growth.
Steel stock surges 20% after net profits soar by 68.32% YoY, signaling strong financial growth.

Introduction:

Leading steel company reported a remarkable 36.46% increase in net sales for December 2024, reaching ₹99.80 crore. Net profit surged by 68.32% to ₹15.21 crore, while EBITDA grew by 48.3%, showcasing impressive financial growth and operational efficiency.

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Share price movement of Aeroflex Industries:

On January 16, 2025, Aeroflex Industries Ltd opened at ₹203.55, up 9.47% from its previous close of ₹186.00. The stock reached a high of ₹223.20 (20.00%) and a low of ₹198.80. By 11:43 AM, it traded at ₹223.20, a 20.00% increase, with a market cap of ₹2,886.43 crore.

Aeroflex Industries Reports Revenue Growth:

Aeroflex Industries reported strong growth in its December 2024 quarterly performance, with net sales rising by 36.46% to ₹99.80 crore, compared to ₹73.13 crore in December 2023. The impressive sales growth reflects robust demand for its products.

The company’s quarterly net profit surged by 68.32%, reaching ₹15.21 crore in December 2024, up from ₹9.04 crore in the same period last year. This reflects a significant boost in profitability, driven by operational efficiencies and revenue growth.

EBITDA for the quarter stood at ₹22.26 crore, up 48.3% from ₹15.01 crore in December 2023. Aeroflex Industries also saw its earnings per share (EPS) increase to ₹1.18 from ₹0.70, demonstrating strong financial performance.

Recent news on Aeroflex Industries:

December 14, 2024, Aeroflex Industries Ltd. announced plans to raise up to ₹400 crore through a Qualified Institutions Placement (QIP) or other permissible modes. The funds will be raised in one or more tranches via equity share issuance.

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Ace investor holding in Aeroflex Industries:

Ashish Kacholia

Ashish Kacholia holds a 1.84% stake in Aeroflex Industries Ltd, with 2,378,928 shares valued at ₹53.1 crore. His investment reflects confidence in the company’s growth potential and financial outlook.

Stock performance of Aeroflex Industries for Period of 1 week, 6 months and 1 year:

Over the past week, Aeroflex Industries Ltd. has experienced a decline of 5.08%. However, the company has shown a strong performance over the last six months, with a return of 24.5%, and a 15.6% increase over the past year.

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Shareholding pattern of Aeroflex Industries:

All values in %Dec 2024Sep 1, 2024Jun 2024
Promoter67.00%67.00%67%
FII2%0%0.20%
DII5.70%5.60%5.90%
Public25.80%27%27%
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About Aeroflex Industries:

Aeroflex Industries Limited (NSE: AEROFLEX) is a leading manufacturer of stainless-steel corrugated flexible hoses and assemblies, catering to diverse industries. The company operates a manufacturing facility in Navi Mumbai and recently acquired Hyd-Air Engineering as a subsidiary.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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