1:2 Bonus Share: Penny Stock Posts 15.14% Jump In Q3 Net Profit

Board of Directors of small cap company engaged in garments & apparel industry, SBC Exports Ltd shares today zoomed 4.23% on Bombay Stock Exchange (BSE) to settle at Rs 23.65 per share. Board of Directors of the company today recommended bonus shares in the ratio of 1:2 implying shareholders will be eligible to receive 1 bonus share for every 2 shares held as on the record date. The company also declared its financial results for Q3 financial year.

It posted a surge of 15.14% year-on-year (YoY) in its standalone net profit to Rs 3.27 crore for the quarter ended December 31, 2024 as against the net profit of Rs 2.83 crore in the corresponding quarter of last year. Check key details below:

SBC Exports Recommends Bonus Share

As per the regulatory filing of SBC Exports issued as on January 24, 2025, “we wish to inform you that the Board of Directors of the Company at its meeting held on Friday, 24th January, 2025 has considered, recommended and approved the Issue of Bonus Shares in the ratio of 1:2 i.e., 1 Equity Share for every 2 equity shares held by the existing equity shareholder of the Company as on Record Date to be fixed in the meantime. The bonus issue of equity shares is subject to the approval of the shareholders through Postal Ballot, and any other applicable statutory and regulatory approvals, as may be required.”

SBC Exports Declares Financial Results

The company today announced its standalone revenue from operations for the quarter ended December 31, 2024 to Rs 50.02 crore, indicating a growth of 4.64% as compared to Rs 47.80 crore declared in the similar quarter of last year, according to the BSE filing. The standalone total income of the company jumped to Rs 54.09 crore for the quarter ended December 31, 2024 from Rs 48.55 crore on December 31, 2023. The earning per share of SBC Exports stood at Rs 0.10 for December 2024 quarter from Rs 0.13 in December 2023. Total standalone profit surged to Rs 3.27 crore for the quarter under review from Rs 2.83 crore in December 2023.

SBC Exports Shares Performance

The 52-week high price of SBC Exports shares on BSE stood at Rs 37.80 per share ( as on 16/09/2024) and 52-week low price is Rs 18.39 per share, respectively. SBC Exports’ market capitalisation stood at Rs 750.79 crore. SBC Exports shares dived by 9.25% in last 1-week, fell 13.08% year-to-date (YTD), fell 14.81% in last 1-year, and zoomed 128.72% in last 2-years. SBC Exports share gained 1974.56% in last 5-years.

SBC Exports About

The small cap company came into existence in 2011. It is engaged in trading, manufacturing of garments, information & technology, manpower supply services, tour & travel services, among others.

Disclaimer

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