Penny stock jumps 13% after reporting 260% YoY increase in net profit

The company engaged in the Metal & Mining and Renewable Energy sector is in focus after it jumped up to 13 percent following its Q3 results with robust net profit growth.

Share Price Movement

With a market capitalization of Rs.131 Crore, the stock of INDSIL hydropower and manganese opened at Rs. 45.10 up 1.96 percent from yesterday’s closing price. The stock made a high of Rs 50 which is 13 percent up from the previous close. Later the stock closed at Rs. 47.23 up 6.78 percent

Q3FY25 Results

The company reported a 69.58 percent YoY increase in revenue from Rs. 20.19 Crore in Q3FY24 to Rs.34.24  Crore in Q2FY25. On a QoQ basis, the company reported an increase of 29.79 percent in revenue from Rs. 26.38 Crore in the previous quarter.

Their Net profit saw an impressive increase of 260  percent YoY from Rs. 0.75 Crore to Rs. 2.70 Crore for the same period. On a QoQ, basis their net profits saw a marginal decrease of 0.35 percent from Rs. 2.80 Crore for the same period.

Segment Analysis

The largest share of the revenue for the company comes from the Ferro Alloys segment which accounts for 86 percent of total revenue then comes the Power segment, which accounts for the other 14 percent of the total revenue.

Also read: Maestros Electronics jumps 4% after securing ₹6.5 Cr order from Ministry of Defence

Company Update

On 19th May 2024, the Company sold its entire stake held in its Joint Venture: Al-Tamman Indsil Ferro Chromes (FZC) LLC for the consideration of Rs.146.51 Crore as mentioned in the financials.

Key Company Customers

Key domestic customers of the company are Tata Steel, SAIL, JSW, Jindal, and Essar and the Key International Customers are US Minerals, SINECO, ThyssenKrupp, Posco, and Marubeni.

About the Company

Indsil Hydro Power and Manganese Limited is a leading producer of ferroalloys, including ferrochrome and silicomanganese, essential for the steel industry. Established in 1990, the company also operates hydropower plants to support its energy needs, ensuring cost-efficient and sustainable production. With manufacturing units in India and a joint venture in Oman.

Written By Abhishek Das

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