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Sula Vineyards soars on reporting rise in Q4 consolidated net profit
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Sula Vineyards is currently trading at Rs. 403.25, up by 2.75 points or 0.69% from its previous closing of Rs. 400.50 on the BSE.
The scrip opened at Rs. 402.00 and has touched a high and low of Rs. 414.90 and Rs. 397.05 respectively. So far 148046 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 432.00 on 23-Jan-2023 and a 52 week low of Rs. 305.55 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 414.90 and Rs. 380.00 respectively. The current market cap of the company is Rs. 3414.06 crore.
The promoters holding in the company stood at 27.33%, while Institutions and Non-Institutions held 17.62% and 55.06% respectively.
Sula Vineyards has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 36.30% rise in its net profit at Rs 16.56 crore for the quarter under review as compared to Rs 12.15 crore for the same quarter in the previous year. Total income of the company increased by 14.38% at Rs 118.68 crore for Q4FY23 as compared to Rs 103.76 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported marginal rise of 4.89% in its net profit at Rs 14.25 crore for fourth quarter ended March 31, 2023 as compared to Rs 13.59 crore for the same quarter in the previous year. Total income of the company increased by 7.18% at Rs 120.90 crore for Q4FY23 as compared to Rs 112.80 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 80.76% rise in its net profit at Rs 88.32 crore as compared to Rs 48.86 crore for the previous year. Total income of the company increased by 26.28% at Rs 535.43 crore for year under review as compared to Rs 423.99 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 61.16% rise in its net profit at Rs 84.03 crore as compared to Rs 52.14 crore for the previous year. Total income of the company increased by 21.90% at Rs 556.73 crore for year under review as compared to Rs 456.70 crore for year ended March 31, 2022.
