Siyaram Silk Mills zooms on reporting 51% rise in Q2 consolidated net profit
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Siyaram Silk Mills is currently trading at Rs. 555.95, up by 82.50 points or 17.43% from its previous closing of Rs. 473.45 on the BSE.
The scrip opened at Rs. 530.05 and has touched a high and low of Rs. 566.90 and Rs. 511.95 respectively. So far 93711 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 698.00 on 12-Apr-2022 and a 52 week low of Rs. 393.90 on 25-Jan-2022.
Last one week high and low of the scrip stood at Rs. 566.90 and Rs. 436.00 respectively. The current market cap of the company is Rs. 2601.29 crore.
The promoters holding in the company stood at 67.18%, while Institutions and Non-Institutions held 8.77% and 24.04% respectively.
Siyaram Silk Mills has reported results for second quarter ended September 30, 2022. The company has reported rise of 51.18% in its net profit at Rs 80.52 crore for Q2FY23 as compared to Rs 53.26 crore for the corresponding quarter previous year. Total income of the company increased by 32.55% to Rs 644.75 crore for the quarter under review as compared to Rs 486.41 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 51.50% in its net profit at Rs 80.13 crore for the quarter under review as compared to Rs 52.89 crore for the same quarter in the previous year. Total income of the company increased by 32.50% to Rs 645.08 crore for the quarter under review as compared to Rs 486.87 crore for the same quarter in the previous year.
