Ethanol Stock: The shares of one of the leading Sugar manufacturing companies locked in with 20% upper circuit after releasing its Q1 result for the FY25. The net increased by 357% QoQ. With this stock price reached a new record high of Rs 54.50 and market cap of the company reached Rs 579.62. Check out more details below.
What’s the Story
The shares of KCP Sugar and Industries Corporation Ltd closed at Rs 45.40 on Wednesday, July 10. The company published its Quarterly results for the Financial year 24-25. KCP Sugar registered a huge net profit growth of 357% QoQ due to which the share price skyrocketed and hit a 20% Upper Circuit on Thursday, July 11.However, the stock price fell by 6.20% to Rs 51.12 on the next trading session on Friday, July 12.
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KCP Sugar Q1 Results
KCP Sugar Industries published its quarterly results on Wednesday, July 10. The company posted strong profit growth of 76.39% however revenue of the company decreased by 7.48% YoY. Similarly, the company has posted a huge profit growth as well revenue growth in the recent Quarter of Q1FY25. Net Profit of the company has increased by 357% QoQ while revenue has increased by 20.34%
The operating income of the company increased by 181.58% QoQ and 46.42% YoY. EPS also saw an increase to Rs 4.77, representing 76% growth YoY.
Company Background and Business Model
KCP Sugar Industries Corporation Ltd is a leading sugar manufacturing company in India. Apart from that, the company also produces and supplies Extra Neutral Alcohol, Ethanol, Organic Manure, Calcium Lactate etc.
If you look at the financial condition of the company, you can see that profit of the company has increased by 2,945% in the last one year, however revenue has declined by 18.07%. promoters hold a majority of the stake 40.59%.
Investors must keep this Ethanol stock under the radar.
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