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Sula Vineyards declines on reporting marginal fall in Q4 consolidated net profit
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Sula Vineyards is currently trading at Rs. 496.20, down by 45.50 points or 8.40% from its previous closing of Rs. 541.70 on the BSE.
The scrip opened at Rs. 524.15 and has touched a high and low of Rs. 525.05 and Rs. 493.25 respectively. So far 113589 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 699.75 on 09-Jan-2024 and a 52 week low of Rs. 395.15 on 24-May-2023.
Last one week high and low of the scrip stood at Rs. 554.35 and Rs. 493.25 respectively. The current market cap of the company is Rs. 4195.51 crore.
The promoters holding in the company stood at 26.18%, while Institutions and Non-Institutions held 36.47% and 37.36% respectively.
Sula Vineyards has reported 17.64% fall in its net profit at Rs 13.63 crore for the fourth quarter (Q4) ended March 31, 2024 as compared to Rs 16.55 crore for the same quarter in the previous year. However, total income of the company increased by 10.35% at Rs 130.97 crore for Q4FY24 as compared Rs 118.69 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 4.85% fall in its net profit at Rs 13.55 crore for fourth quarter ended March 31, 2024 as compared to Rs 14.24 crore for the same quarter in the previous year. However, total income of the company increased by 12.11% at Rs 135.55 crore for Q4FY24 as compared Rs 120.91 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 7.21% rise in net profit at Rs 94.69 crore as compared to Rs 88.32 crore for the previous year. Total income of the company increased by 11.86% at Rs 598.93 crore for year under review as compared to Rs 535.43 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 11.02% rise in its net profit at Rs 93.31 crore as compared to Rs 84.05 crore for the previous year. Total income of the company increased by 10.67% at Rs 616.37 crore for year under review as compared to Rs 556.96 crore for year ended March 31, 2023.
