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B L Kashyap & Sons gains on reporting over 2-fold jump in Q2 consolidated net profit

15 Nov 2023 Evaluate

B.L. Kashyap and Sons is currently trading at Rs. 65.86, up by 0.67 points or 1.03% from its previous closing of Rs. 65.19 on the BSE.

The scrip opened at Rs. 64.86 and has touched a high and low of Rs. 66.90 and Rs. 64.86 respectively. So far 39281 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 76.93 on 18-Oct-2023 and a 52 week low of Rs. 25.95 on 23-Nov-2022.

Last one week high and low of the scrip stood at Rs. 71.70 and Rs. 64.44 respectively. The current market cap of the company is Rs. 1484.75 crore.

The promoters holding in the company stood at 61.65%, while Institutions and Non-Institutions held 0.35% and 38.01% respectively.

B L Kashyap & Sons has reported 37.89% rise in its net profit at Rs 14.01 crore for the second quarter ended September 30, 2023 (Q2FY24) as compared to Rs 10.16 crore for the same quarter in the previous year. Total income of the company increased by 9.64% at Rs 325.72 crore for Q2FY24 as compared to Rs 297.07 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 11.99 crore for Q2FY24 as compared to Rs 5.74 crore for the same quarter in the previous year. Total income of the company increased by 9.55% at Rs 327.64 crore for Q2FY24 as compared to Rs 299.09 crore for the corresponding quarter previous year.

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