Pearl Global Industries zooms on reporting 87% jump Q4 consolidated net profit
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Pearl Global Industries is currently trading at Rs. 519.00, up by 72.60 points or 16.26% from its previous closing of Rs. 446.40 on the BSE.
The scrip opened at Rs. 460.05 and has touched a high and low of Rs. 528.50 and Rs. 460.05 respectively. So far 18862 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 615.05 on 30-Aug-2022 and a 52 week low of Rs. 327.25 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 528.50 and Rs. 412.20 respectively. The current market cap of the company is Rs. 1124.36 crore.
The promoters holding in the company stood at 66.58%, while Institutions and Non-Institutions held 6.41% and 27.01% respectively.
Pearl Global Industries has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported over 2-fold jump in its net profit at Rs 27.92 crore for the quarter under review as compared to Rs 12.73 crore for the same quarter in the previous year. However, total income of the company decreased by 22.62% at Rs 280.59 crore for Q4FY23 as compared to Rs 362.62 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 87.15% jump in its net profit at Rs 53.32 crore for fourth quarter ended March 31, 2023 as compared to Rs 28.49 crore for the same quarter in the previous year. However, total income of the company decreased by 19.50% at Rs 735.59 crore for Q4FY23 as compared to Rs 913.81 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 98.16% jump in its net profit at Rs 53.82 crore as compared to Rs 27.16 crore for the previous year. Total income of the company increased by 17.43% at Rs 1,134.13 crore for year under review as compared to Rs 965.82 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 152.99 crore as compared to Rs 70.11 crore for the previous year. Total income of the company increased by 15.81% at Rs 3,181.22 crore for year under review as compared to Rs 2,746.99 crore for year ended March 31, 2022.
