Multibagger In 6-Months: PSU Mining Stock Soars 13.31% After 215% Rally In Q3 Net

Mid cap public sector undertaking (PSU) KIOCL Ltd shares today gained 13.31% till 11:48 pm on BSE after healthy quarterly earnings. The company declared its quarterly results on February 13. Last trading price of KIOCL shares on BSE is Rs 490.00 apiece. KIOCL shares zoomed 126% in last 6-months. Check details below:

KIOCL Q3 Results: The company for the quarter ended December 2023 declared its net profit at Rs 39.03 crore, up 215.2% as against Rs -33.88 crore in the corresponding quarter of last year. The company declared its December 2023 net sales at Rs 549.48 crore, up 90.86% as compared to Rs 287.89 crore in the similar quarter of last year.The company's EBITDA stood at Rs 47.85 crore for the quarter under review, up 296.15% as compared to Rs 24.39 crore in December 2022. Its EPS soared to Rs 0.64 for December 2023 quarter from Rs 0.56 in December 2022.

KIOCL Stock Performance & Return: The 52-week high price of KIOCL shares on BSE is Rs 520.00 apiece and 52-week low price is Rs 165.20 apiece, respectively. The company has a market capitalisation of Rs 29,779.80 crore. KIOCL shares soared 30% in last 2-weeks only, jumped 145% in last 1-year, and gave return of 260% in last 3-years. In last 5-years, KIOCL stock zoomed 291%.

About: KIOCL Limited (Formerly known as Kudremukh Iron Ore Company Limited), a Flagship Company under the Ministry of Steel, Govt. of India was formed on 2 April 1976 for mining and beneficiation of low-grade iron ore at Kudremukh, Karnataka, India. KIOCL has been a pioneer with over four decades of experience in operating Iron Ore Mining, Beneficiation and Iron-Oxide Pelletisation in the Country. KIOCL is having facilities to operate 3.5 MTPA Iron-oxide Pellet Plant, Blast Furnace Unit to manufacture 2.16 lakh tonnes per annum Pig iron at Mangaluru, Karnataka. KIOCL is an EoU and a profit making, continuous dividend paying Company with a positive net worth and Mini Ratna Category I PSU. It is headquartered at Bengaluru, Karnataka, according to its official website.

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