L&T Eyes $50-$60 Billion Projects by FY25, Plans Major O2C Investments
This small-cap company has reported a 37% increase in PAT for Q4!
Last Updated: 25th May 2023 - 11:40 am
Amidst the sizzling financial season, Tinna Rubber and Infrastructure Limited reported impressive results yesterday.
Quarterly Performance
In comparison to the same quarter last year, the company's net profit for the fourth quarter which ended on March 31, 2023, increased by 36.84% to Rs 6.76 crore from Rs 4.94 crore. In Q4FY23, the company's total net revenue increased by 22.03% from Rs 62.32 crore to Rs 76.05 crore in a similar quarter the year prior.
In comparison to last quarter, the company's net profit for the fourth quarter, increased by 43.83% to Rs 6.76 crore from Rs 4.70 crore. In a similar period, the company's total net revenue decreases marginally from Rs 76.88 crore to Rs 76.05 crore. in a similar quarter the year prior.
The company reported a 28.99% increase in net profit for the year ended March 31, 2023, from Rs 16.90 crore to Rs 21.80 crore. When compared to the year ended March 31, 2022, the company's net revenue increased by 29.64% to Rs 301.57 crore from Rs 232.63 crore in the year prior ended on March 31, 2022.
About the Dividend
The company board has recommended a dividend of Rs 5 per equity share of face value of Rs 10 each which is 50% for the year ended March 31 2023, subject to the approval of shareholders in the ensuing Annual General Meeting (AGM) of the company.
Share Price Movement
Yesterday the scrip closed at Rs 550.40, up by 6%. Today it opened at Rs 522.10 and currently is trading at Rs 514. The company has given returns of more than 60% over the past year.
The BSE group 'X' stock has a market cap of around Rs 440 crore. It has a 52-week high of Rs 725.80 and a 52-week low of Rs 263.75.
Company Profile
Tina Rubber & Infrastructure Ltd is primarily engaged in the conversion of end-of-life tyres (ELT) into crumb rubber and steel wires obtained in the process.
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Tanushree Jaiswal
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