One of the small-cap stocks has engaged in minerals trading, pharmaceuticals, FMCG products, and information technology. The stock has hit 5 percent after reporting September quarter results in 2024. The company’s revenue increased by 77.27 percent to Rs. 23.25 crore, and net profit increased by 272.22 percent to Rs. 0.67 crore.
Stock movement:
The share price of Polo Queen Industrial and Fintech Limited hit a 5 percent upper circuit to Rs. 65.13 per share on Monday, a significant rise from its previous close of Rs. 62.03 per share. Since then, the share has retreated and is now trading at Rs. 64.75.
Over the months, the share has delivered returns of over 54.99 percent. The market capitalization now stands at approximately Rs. 2,144 crore as of November 18, 2024.
Q2 FY25 Result Walkthrough:
Coming into the quarterly results of Polo Queen Industrial and Fintech Limited, the company’s consolidated revenue from operations increased by 77.27 percent YOY, from Rs. 13.11 crore in Q2 FY24 to Rs. 23.25 crore in Q2 FY25, and down by 10.84 percent QoQ from Rs. 25.77 crore in Q1 FY25.
Further, the company’s EBIT margin has increased by 56% YOY from Rs. 0.66 crore in Q2 FY24 to Rs. 1.03 crore in Q2 FY25.
In Q2 FY25, Polo Queen Industrial and Fintech Limited’s consolidated net profit slightly increased by 272.22 percent YOY, reaching Rs. 0.67 crore compared to Rs. 0.18 crore during the same period last year. As compared to Q1 FY25, the net profit has increased by 0.02 percent, from Rs. 0.66 crore.
The basic earnings per share increased by 100% and stood at Rs 0.02 as against Rs 0.01 recorded in the same quarter in the previous year.
In terms of return ratios, Polo Queen Industrial and Fintech Limited’s share ROE and ROCE are currently at 0.78 percent and 1.83 percent, respectively. Polo Queen Industrial and Fintech Limited has a debt-to-equity ratio of 0.0.6x, which shows the company is an almost debt-free company.
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Shareholding pattern:
In September 2024, Polo Queen Industrial and Fintech Limited had a majority stake held by the promoters at 74.92 percent and the public at 22.94 percent.
Company Overview:
Polo Queen Industrial and Fintech Limited, part of the House of Rajkamal founded by Shri Jiwanram Sanghai, is a diversified public company with over 50 years of history. The company primarily engaged in the production and marketing of FMCG products in the domestic market with supplies to the defense sector, development of I.T. Park as well as trading in chemicals and minerals.
Polo Queen Industrial and Fintech Limited the company has evolved from textile marketing and specialty chemical trading to become a multi-divisional enterprise serving domestic and international markets.
Written By – Nikhil Naik
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