Alice Blue Home
URL copied to clipboard

Trending News

Textile stock jumps 12% after reporting 42.6% YoY increase in net profits

Prominent textile company reported a 42.6% YoY rise in net profit and a 45.3% revenue increase in Q3 FY25, despite a QoQ decline, highlighting strong annual growth amid short-term market fluctuations.
Textile stock surges 12% after posting a strong 42.6% YoY rise in net profits for Q3.

Introduction:

Leading textile company posted a strong YoY growth in Q3 FY25, with net profit rising 42.6% and revenue increasing 45.3%. However, QoQ figures showed a decline, reflecting short-term challenges amid sustained long-term business expansion and market resilience.

Alice Blue Image

Also Read: Infra stock falls 9% after its net profits decrease by 65% in Q3

Share price movement of Pearl Global:

On February 12, 2025, Pearl Global Industries Limited opened at ₹1,250.05, down 0.95% from its previous close of ₹1,262.25. The stock reached a high of ₹1,496.15 (18.51%) and a low of ₹1,222.45. By 1:42 PM, it traded at ₹1,442.50, with a market cap of ₹6,624.42 crore.

Pearl Global Reports Strong YoY Growth:

Pearl Global Industries Limited reported a net profit of ₹48.23 crore for Q3 FY25, marking a 42.6% YoY increase from ₹33.82 crore but a 13.3% QoQ decline from ₹55.63 crore. The company’s profitability remains strong despite sequential fluctuations.

Revenue from operations stood at ₹1,022.53 crore, reflecting a 45.3% YoY rise from ₹703.97 crore but a 14.9% QoQ decline from ₹1,201.91 crore. The company continues to demonstrate long-term growth while experiencing short-term revenue fluctuations.

Total income surged 45.5% YoY to ₹1,028.46 crore from ₹706.75 crore but dropped 15.2% QoQ from ₹1,214.14 crore. The company remains focused on sustaining growth and improving financial performance despite the quarter-over-quarter decline.

Ace investor holding in Pearl Global:

Sanjiv Dhireshbhai Shah

Sanjiv Dhireshbhai Shah holds a 3.33% stake in Pearl Global Industries Limited, owning 1,531,496 shares valued at ₹221.4 crore. His substantial investment highlights strong confidence in the company’s growth and long-term potential in the textile sector.

Mukul Mahavir Agrawal

Mukul Mahavir Agrawal holds a 2.61% stake in Pearl Global Industries Limited, owning 1,200,000 shares valued at ₹173.8 crore. His significant investment underscores confidence in the company’s growth and future potential in the textile and apparel sector.

Stock performance of Pearl Global for Period of 1 week, 6 months and 1 year:

Pearl Global Industries Limited witnessed a 11.1% decline over the past week, reflecting short-term volatility. Despite this, the stock gained 29.2% over six months and delivered an impressive 116% return over the past year, showcasing strong long-term growth.

Also Read: PSU stock jumps after it receives order from Govt of Mizoram for 3 hydro projects

Shareholding pattern of Pearl Global:

Dec 2024Sep 2024Jun 2024
Promoter62.80%62.90%66.20%
FII5.20%4.60%5.40%
DII11%9.30%0.60%
Public20.80%23.20%27.80%

About Pearl Global:

Pearl Global Industries Ltd (NSE: PGIL) is a leading garment exporter, operating across India and South Asia. Established in 1987, it specializes in knits, woven, and bottoms for men, women, and kids, catering to global fashion brands.

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.

Loading
Submit the form, and get to know how you scored!!!
Read More News

*T&C apply