Shares of Doms Industries surged over 4% after the company announced impressive Q4 results. The company reported a notable rise in sales and net profit for the quarter ending March 2024.
In the fourth quarter, Doms Industries’ net profit rose by 32.93% to Rs 45.17 crore, compared to Rs 33.98 crore in the same period last year. Sales for the quarter increased by 19.99%, reaching Rs 403.74 crore, up from Rs 336.48 crore in the previous year’s corresponding quarter.
For the full financial year ending March 2024, Doms Industries reported a net profit increase of 59.84%, amounting to Rs 153.14 crore. This is a significant rise from the Rs 95.81 crore recorded in the previous year. The company’s annual sales also grew by 26.84%, totaling Rs 1537.14 crore, compared to Rs 1211.89 crore in the previous fiscal year.
As of 10:30 am, Doms Industries shares were trading 5% higher at ₹1,894.90 on the NSE. The strong financial performance has boosted investor confidence, driving the stock price up.
