Media Stock Set To Split Stock On June 3; Q4 Net Profit Soars 178%, YTD Return 140%

Media & Entertainment sector company Panorama Studios International Ltd will conduct stock split/sub-division of shares on June 3, 2024 to make the stock affordable. Current market price of Panorama Studios share on BSE is Rs 885.25 per share with intraday fall of 2.24% as on May 31, 2024.

Panorama Studios International Ltd share witnessed stunning rally of 140% year-to-date and shares jumped 455% in last 1-year. However, Panorama Studios share fell over 13% in last 1-month span. More details below:

Panorama Studios To Consider Stock Split/Sub-Division: As per the BSE filing of Panorama Studios dated May 28, 204, "Meeting of the Board of Directors of Panorama Studios International Limited schedule to be held on Monday, 03rd June, 2024 to inter-alia transacts the following matters:
1. Consider a proposal for sub-division of the Equity shares of the Company having a face value of Rs. 10/- each in such manner as may be determined by the Board of Directors subject to such regulatory /statutory approvals as may be required, including the approval of the shareholders of the Company.
2. To approve the notice of general meeting of the company.
3. Any other business with permission of the Chairperson."

Panorama Studios Q4: The media company on May 31, 2024 declared its financial results. The company declared its standalone net profit for the quarter ended March 31, 2024 at Rs 26.22 crore, up 178.05% as against the net profit of Rs 9.43 crore announced in the corresponding quarter of last year. The total revenue of Panorama Studios International for the March 2024 quarter announced at Rs 276.85 crore, up 445.95% as against Rs 50.71 crore announced in March 2023 quarter. Meanwhile, revenue from operations of the company announced at Rs 275.33 crore as against Rs 49.87 crore in the similar quarter of last year. Total expenses announced at Rs 241.15 crore for March 2024 quarter as compared to Rs 37.90 crore in the March 2023 quarter.

Panorama Studios Share Performance: The 52-week high price of Panorama Studios share on BSE is Rs 1094.00 per share (as on 25/04/2024) and 52-week low price is Rs 145.05 per share (as on 02/06/2023), respectively. The company has a market capitalisation of Rs 1181.52 crore. Panorama Studios shares offered return of 231% in last 6-months, gained 455% in last 1-year, surged 581% in last 2-years, and soared 1958% in last 3-years. In last 5-years, Panorama Studios shares zoomed 3635%.

Disclaimer: The stock stock split, Q4 the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.