Indigo Paints gains on reporting 58% rise in Q1 consolidated net profit
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Indigo Paints is currently trading at Rs. 1623.45, up by 24.45 points or 1.53% from its previous closing of Rs. 1599.00 on the BSE.
The scrip opened at Rs. 1626.05 and has touched a high and low of Rs. 1700.00 and Rs. 1619.10 respectively. So far 24075 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1730.90 on 26-Aug-2022 and a 52 week low of Rs. 981.05 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1700.00 and Rs. 1525.55 respectively. The current market cap of the company is Rs. 7753.80 crore.
The promoters holding in the company stood at 53.98%, while Institutions and Non-Institutions held 11.78% and 34.25% respectively.
Indigo Paints has reported 57.16% rise in its net profit at Rs 31.29 crore for first quarter ended June 30, 2023 as compared to Rs 19.91 crore for the same quarter in the previous year. Total income of the company increased by 24.97% at Rs 280.54 crore for Q1FY24 as compared Rs 224.48 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 58.31% rise in net profit at Rs 31.52 crore for the first quarter ended June 30, 2023 as compared to Rs 19.91 crore for the same quarter in the previous year. Total income of the company increased by 30.19% at Rs 292.24 crore for Q1FY24 as compared Rs 224.48 crore for the corresponding quarter previous year.
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