Shrydus Industries Locks 20% Upper Circuit After Record 5,340% Net Profit Surge
Shrydus Industries, a prominent real estate developer in Mumbai, hit a 20% upper circuit in Monday’s trading session following a 5,340% increase in net profits. The company, known for its diverse business ventures, has shown strong financial performance i
Shrydus IndustriesStock MarketUpper CircuitNet ProfitFinancial ResultsReal EstateOct 07, 2024
Such a bullish movement in the share price was a direct result of the company's strong financial results for the quarter ending September 2024. Quarterly revenue saw a substantial increase of about 247% from Rs. 1.01 crores in the June quarter to Rs. 3.5 crores in the September quarter. This was accompanied by a massive 5,340% jump in net profits, from Rs. 4.94 lakhs to Rs. 2.72 crores. On a year-over-year basis, revenue grew by 63% from Rs. 2.15 crores in Q2FY24 to Rs. 3.5 crores in Q2FY25, while net profits surged by 1,411% from Rs. 18.32 lakhs to Rs. 2.72 crores.
Shrydus Industries is a diversified company with a strong presence in multiple sectors. In the pharmaceutical sector, the company operates a manufacturing facility in Gujarat that produces tablets and capsules, with over 468 registered products. This facility is equipped to manufacture a wide range of medications and holds approvals from various national drug authorities in East Africa.
In the healthcare segment, Shrydus Industries manufactures both adult and baby diapers, catering to the growing demand in the hygiene products market. These products are designed for comfort and convenience, addressing the needs of various consumer segments. The company has also ventured into the sanitary napkin market, targeting India’s vast menstruating population, which numbers approximately 35.5 crore women.
Shrydus Industries is recognized as a prominent real estate developer in Mumbai. The company has successfully completed over 50 projects and developed 4 townships. Currently, there are 3 projects in progress, further solidifying its position in the real estate market.
Additionally, the company is actively venturing into the Green Energy sector, which is seen as a natural extension of its diverse business operations. This move is expected to contribute to the company's long-term sustainability and growth.
In terms of key financial metrics, Shrydus Industries reported a Return on Equity (RoE) of 8.79% and a Return on Capital Employed (RoCE) of 3.10% for the period spanning FY23-24. The net profit margin stood at 5.54% during the same timeframe.
According to the latest shareholding pattern, the Promoters hold a stake of 25.86%, while Retail Investors hold the remaining 74.14% stake in the company.
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Frequently Asked Questions
What triggered the 20% upper circuit in Shrydus Industries' stock?
The 20% upper circuit in Shrydus Industries' stock was triggered by the company's announcement of a 5,340% increase in net profits in the quarter ending September 2024.
What is Shrydus Industries' market capitalization?
Shrydus Industries has a market capitalization of Rs. 61.4 crores.
What sectors does Shrydus Industries operate in?
Shrydus Industries operates in the pharmaceutical, healthcare, real estate, and green energy sectors.
How much did Shrydus Industries' revenue increase year-over-year?
Shrydus Industries' revenue increased by 63% year-over-year, from Rs. 2.15 crores in Q2FY24 to Rs. 3.5 crores in Q2FY25.
What is the shareholding pattern of Shrydus Industries?
The Promoters hold a stake of 25.86%, while Retail Investors hold the remaining 74.14% stake in Shrydus Industries.
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