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This Small Cap Ceramics And Granite Counter Slumps Over 13% Post Q4Fy22

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Pokarna shares in trade on May 23, 2022 weakened post its Q4 results. At day's low, the stock This Small Cap Ceramics And Granite Counter Slumps Over 13% Post Q4Fy22 Pokarna shares in trade on May 23, 2022 weakened post its Q4 results. At day's low, the stock price of the company slumped by over 13% to hit a price of Rs. 495.55 per share.

 
 This Small Cap Ceramics And Granite Counter Slumps Over 13% Post Q4Fy22

The company in its March quarterly results, posted an increase in income from operations both quarterly as well as YoY. In its March ended quarter, the company's revenues are placed at Rs. 204.34 crore, while in the year ago period it was at Rs. 92.08 crore.

Net profit has also become seven times nearly from Rs. 3.79 crore in Q4Fy21 to Rs. 20.11 crore in the March ended quarter of Fy22.

The company alongside also recommended a final dividend @30% i.e Rs.0.60/- per equity share of face value of Rs.2/- each for the financial year ended 31st March, 2022, subject to the approval of members of the company.

Pokarna Limited is engaged in the mining of granite, processing and sale of granite slabs, and manufacture and sale of readymade garments/apparels.

price of the company slumped by over 13% to hit a price of Rs. 495.55 per share.

The company in its March quarterly results, posted an increase in income from operations both quarterly as well as YoY. In its March ended quarter, the company's revenues are placed at Rs. 204.34 crore, while in the year ago period it was at Rs. 92.08 crore.

Net profit has also become seven times nearly from Rs. 3.79 crore in Q4Fy21 to Rs. 20.11 crore in the March ended quarter of Fy22.

The company alongside also recommended a final dividend @30% i.e Rs.0.60/- per equity share of face value of Rs.2/- each for the financial year ended 31st March, 2022, subject to the approval of members of the company.

 

Pokarna Limited is engaged in the mining of granite, processing and sale of granite slabs, and manufacture and sale of readymade garments/apparels.

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