Multibagger Company Announces Stock Split, Q2 Revenue Surges

Filatex India Limited announces a stock split today, after its board meeting, along with declaring its quarterly results. The company is set to initiate a stock split with a Face Value of Rs. 2 into 2 Equity shares of Face Value of Rs. 1 each (2:1).

"We wish to inform you that the Board of Directors of the Company, in their meeting held on 8th November, 2022, inter alia, have considered and approved the following: 1.The Unaudited Financial Results for the quarter and half year ended 30th September, 2022. 2. Sub-division of One Equity share of Face Value of Rs. 2 into 2 Equity shares of Face Value of Rs. 1 each subject to the approval of shareholders through Postal Ballot. The record date for the said sub-division of Equity Share shall be fixed and intimated to the stock exchanges in due course," the company informed the stock exchanges.

According to today's announcement, the company's revenue from operations in Q2 FY23 was reported to be at Rs. 1,16,342 lakh, gained marginally from the last quarter at Rs. 1,02,329 lakh. Additionally, its other income was reported to be at Rs. 1,050 lakh in the said quarter, compared to Rs. 659 lakh, in the earlier quarter.

Stock performance

In the last 6 months its share price fell by 9.22%, while in the last 1 year its share price fell by 3.57%. The multibagger stock has given 160.60% return to the shareholders in the last 5 years. The 52-week high level of this stock is Rs. 142.80, and the 52-week low level of this stock is Rs. 72.35. It is a small-cap company with Rs. 2,239 crore market capitalization.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article. This article only incorporates the recent stock-related information about the companies.