Latest news with #GRMOverseas
Business Standard
3 days ago
- Business
- Business Standard
GRM Overseas consolidated net profit declines 3.26% in the March 2025 quarter
Sales decline 28.22% to Rs 291.39 crore Net profit of GRM Overseas declined 3.26% to Rs 20.48 crore in the quarter ended March 2025 as against Rs 21.17 crore during the previous quarter ended March 2024. Sales declined 28.22% to Rs 291.39 crore in the quarter ended March 2025 as against Rs 405.93 crore during the previous quarter ended March 2024. For the full year,net profit rose 0.86% to Rs 61.24 crore in the year ended March 2025 as against Rs 60.72 crore during the previous year ended March 2024. Sales rose 2.72% to Rs 1348.19 crore in the year ended March 2025 as against Rs 1312.44 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 291.39405.93 -28 1348.191312.44 3 OPM % 11.205.38 - 5.905.50 - PBDT 29.8027.74 7 87.8584.13 4 PBT 28.9526.70 8 84.7480.46 5 NP 20.4821.17 -3 61.2460.72 1
Mint
5 days ago
- Business
- Mint
Small-cap FMCG stock GRM Overseas edges higher despite weak trends on Dalal Street; here's why
Small-cap FMCG stock GRM Overseas inched a little higher in Thursday's trading session after announced its March quarter results and converted 13,52,000 warrants into equity shares on preferential basis. At 2:00pm, GRM Overseas share price touched an intraday high to ₹ 297.95 apiece, against previous close at ₹ 295.15 on Wednesday. The FMCG stock has performed exceptionally well in last one year, almost doubling investors wealth. GRM Overseas share delivered multibagger returns by soaring over 115.37 per cent in a year. Meanwhile, the stock has ascended 48.27 per cent in terms of year-to-date. The FMCG company posted 51 per cent rise in its net profit quarter to quarter (QoQ) to ₹ 20.47 crore for the quarter ending on March 31, 2025 from ₹ 13.54 crore in the December quarter FY25. Whereas, the net profit declined 3.2 per cent on year-to-year basis from ₹ 21.16 crore in the same period a year ago. Revenue from operations also fell over by 28 per cent YoY to ₹ 291 crore in March 2025, as compared to ₹ 406 crore last year. On the other hand, total expenses for the March 2025 quarter also declined to ₹ 267.5 crore. In an exchange filing, the company further informed that the board has approved the conversion of 13,52,000 warrants into equity shares on preferential basis, worth ₹ 15,21,00,000. 'Approved the conversion of 13,52,000 (Thirteen Lakhs Fifty Two Thousand) convertible warrants into 13,52,000 (Thirteen Lakhs Fifty Two Thousand) equity shares of face value of Rs.2/- each, on preferential basis, upon receipt of an amount aggregating to Rs. 15,21,00,000/- (Rupees Fifteen Crores Twenty One Lakhs only) at the rate of Rs. 112.5 (Rupees One Hundred Twelve and Paisa Fifty Only) per warrant,' GRM Overseas said in the filing. It further added, 'Consequent to this conversion of warrants/allotment of Equity Shares, 77,18,000 warrants remain pending for conversion and these warrant holders are entitled to get their warrants converted into equal number of Equity Shares of the Company by paying remaining 75% i.e., Rs. 112.5 per warrant within 18 months from the date of warrant allotment.' Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
23-04-2025
- Business
- India.com
FMCG stock GRM Overseas gains after update on credit rating
Shares of FMCG company GRM Overseas are in focus as the company has shared an update related to the credit rating on its bank facilities. The counter started today's session in the green at Rs 323.90 on the BSE. The scrip had closed at Rs 323.20 in the previous session. The counter touched the intraday high of Rs 325.80. Before that, it hit a low of Rs 313.85. Last seen, the counter was trading at Rs 325. According to BSE Analytics, the shares of GRM Overseas has given a multibagger return of over 122 per cent in one year and 88 per cent in two years. While it has corrected 40 per cent in three years, the stock has made investors richer by 3,021 per cent in 5 years. GRM Overseas, which is listed on both National Stock Exchange and BSE, has informed exchanges that Acuite Ratings & Research Limited has reaffirmed the long-term rating of 'Acuite A-' (Acuite A minus) and short-term rating of 'Acuite A2+' (Acuite A two plus) on its Rs 312 crore bank facilities and said that the outlook is 'stable'. Stating the rationale of rating reaffirmation, Acuité Ratings & Research Limited said that it takes into account 'the healthy financial risk profile of the group, its strong liquidity position and improvement in revenues in 9MFY2025 post recording a decline in FY2024 as compared to FY2023, albeit moderation in profitability margins. Further, the rating continues to draw comfort from the extensive experience of the management and established brand presence in the agri-food industry.' It also said that rating remains constrained on account of working capital-intensive nature of operations, exposure to agro-climatic conditions, inventory risks, economic conditions in export markets, foreign exchange fluctuations and government regulations. 'The group's ability to sustain growth in revenue and improve its profitability margins while maintaining its capital structure and healthy debt coverage indicators will remain a key rating monitorable,' the filing said.
