Gujarat Toolroom's shares dropped 5% to Rs 2.34 on the BSE after reporting a sharp 90% YoY decline in Q3FY25 net profit to Rs 1.43 crore, compared to Rs 14.32 crore in the previous year. Despite this, revenue surged by 76% YoY to Rs 230.74 crore. The company also approved a 5:1 bonus share issuance.
Gujarat Toolroom shares surged 5% to Rs 18.08 after announcing a 5:1 bonus share issue in its upcoming board meeting. This would be the company's first-ever bonus issue, subject to shareholder approval.
Stocks including IKS Health, State Bank of India, Wipro, ITC, ABB India, JSW Infra, IPCA Labs, DOMS Industries, Lupin, IRCON and more will be in the spotlight on Thursday, December 19.
The quarterly earnings season commenced in the second week of April and remains ongoing, with more than 260 companies slated to announce their fourth-quarter earnings throughout this week.