Stove Kraft shares surge over 7% following strong Q1 results

By Aditya Bhagchandani Published on August 12, 2024, 10:43 IST

Stove Kraft Limited’s shares experienced a significant boost following the release of its first-quarter earnings results. Here’s a detailed overview:

Key Highlights

Share Price Increase: As of 10:40 AM, Stove Kraft shares were trading 7.40% higher at ₹658.00.

Financial Performance

Sales and Revenue: The company reported sales of ₹3,144.53 million for the first quarter, up from ₹2,977.45 million in the same period last year. Revenue also increased to ₹3,154.76 million from ₹2,993.66 million year-over-year.
Net Income: Net income for the quarter was ₹82.01 million, a slight increase from ₹81.98 million in the previous year.
Earnings Per Share (EPS): Basic and diluted earnings per share from continuing operations remained steady at ₹2.48, consistent with the previous year’s figures.

Stove Kraft

Aditya Bhagchandani

Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.