Honda India Power Products zooms on reporting over 2-fold jump in Q2 net profit
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Honda India Power Products is currently trading at Rs. 2141.95, up by 303.85 points or 16.53% from its previous closing of Rs. 1838.10 on the BSE.
The scrip opened at Rs. 1974.00 and has touched a high and low of Rs. 2205.70 and Rs. 1974.00 respectively. So far 25366 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,205.70 on 09-Nov-2022 and a 52 week low of Rs. 1116.00 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 2,205.70 and Rs. 1700.00 respectively. The current market cap of the company is Rs. 2182.79 crore.
The promoters holding in the company stood at 66.67%, while Institutions and Non-Institutions held 14.02% and 19.32% respectively.
Honda India Power Products reported results for second quarter ended September 30, 2022.
The company has reported over 2-fold jump in its net profit at Rs 42.42 crore for Q2FY23 as compared to Rs 15.90 crore for the corresponding quarter previous year. Total income of the company increased by 68.78% to Rs 399.63 crore for the quarter under review as compared to Rs 236.78 crore for the same quarter in the previous year.
Honda India Power Products is a public company domiciled and headquartered in India. The company is primarily engaged in manufacturing and marketing the portable gensets, water pumps, general purpose engines, lawn mowers, brush cutters and tillers. The company caters to both domestic and international markets.
