1:10 Split, Rs 5/Sh Dividend: Textile Stock Posts 75% Rise In Net Profit, Record Date Issued

Small cap company engaged in textile sector, Sportking India Ltd today announced a jump of 75.08% in net profit to Rs 31.83 crore for the quarter ended June 2024 as compared to Rs 18.18 crore announced in the corresponding quarter of last year. Sportking India today fixed August 10, 2024 as the record date for final dividend of Rs 5/- per equity share of Rs 10/- each of the company. Sportking India also approved stock split today in the proportion of 1:10 and yet to declare the record date.

Last trading price of Sportking India share on BSE is Rs 998.30 per share. Sportking India shares gained over 15% in last 2-weeks and zoomed 1095% in last 5-years. Key details below:

Sportking India Declares Record Date For Final Dividend: As per the BSE filing of Sportking India issued as on July 20, 2024, "The Board of Directors at its meeting held on 27th April 2024 had recommended a final dividend of Rs.5/ -per equity share of Rs. 10/- each of the Company for approval by the shareholders at the Annual General Meeting ('AGM). Further, the Annual General Meeting of the members of company will be held on Saturday, 17th August, 2024 at 10:30 A.M. at Registered Office of the company. The Company has fixed Saturday 10th August 2024, as the Record Date for determining entitlement of Members to final dividend for the financial year ended March 31, 2024."

Sportking India Recommends Stock Split: The exchange filing as on July 20, 2024 stated, "The Board has considered and approved the Sub-division/ split of 1 (one) equity share having face value of Rs. 10/- each into 10 (ten) equity shares having face value of Rs.1/- each, by alteration of Capital Clause in Memorandum of Association of the Company, subject to approval of the members of the Company in the ensuing Annual General Meeting."

Sportking India Financials: Sportking India today announced a jump of 17.65% in its sales to Rs 634.05 crore for the quarter ended June 2024 as compared to Rs 538.92 crore announced in the similar quarter of last year.

Sportking India Share Performance: The 52-week high price of Sportking India share is Rs 1140.40 per share (as on 16/07/2024) and 52-week low price is Rs 705.00 per share (as on 26/10/2023), respectively. The company's market capitalisation stood at Rs 1268.56 crore. Sportking India shares gained 23% in last 1-month, soared over 9% in last 1-year, and offered return of 36% in last 3-years.

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