Multibagger Stock: Integra Essentia is in focus at the moment after the corporate reported sturdy numbers in the January-March interval. The inventory of the life necessities firm traded 2 larger per larger at Rs 6.55 apiece on NSE.
The firm has reported three-fold increase in consolidated net profit at Rs 1.68 crore in the course of the March 2023 quarter, Integra Essentia stated in a BSE submitting on Thursday. The firm has attributed to the rise in larger revenue for the large leap in net profit.
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The firm’s complete revenue in the quarter ended March 2023 elevated to Rs 68.09 crore from Rs 50.18 crore in the year-ago quarter, the submitting stated.
For the entire monetary 12 months, the corporate’s net profit elevated to Rs 6.66 crore from Rs 1.08 crore in the final monetary 12 months.
Integra Essentia is in the enterprise of metal and renewable vitality. The firm lately forayed into the wine trade with the acquisition of Chateau Indage Winery for Rs 40 crore in Narayangaon, Maharashtra.
Integra Essentia is in the enterprise of metal and renewable vitality. It can also be concerned in the enterprise of life necessities to maintain fashionable life together with agro merchandise, textiles and clothes and infrastructure.
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The firm lately forayed into the wine trade with the acquisition of Chateau Indage Winery property close to Pune for price Rs 40 crore. The New Delhi primarily based firm in an alternate submitting knowledgeable that the acquisition is part of its pre-determined long-term enterprise growth plan because it seeks to bolster its FMCG companies footprint all through the entire provide chain spectrum of consumable merchandise.
“Integra Essentia Limited is pleased to announce that it has purchased assets of Chateau Indage Winery for Rs 400 million, as a part of its pre-defined long-term business growth strategy,” based on a submitting stated.
A small-cap firm with a market valuation of Rs 300 crore, the inventory has yielded a large 260 per cent return in a 12 months interval. According to shareholder sample on NSE, promoters and promoter teams maintain 20.81 per cent stake in the corporate whereas remaining 79.19 is owned by the general public.
