Latest news with #MURAEOrganisorLtd
India.com
3 days ago
- Business
- India.com
1:2 stock split: THIS company fixes record date, check details here
शेयर बाजार में हाहाकार, अरबों डॉलर हुए स्वाहा MURAE Organisor Ltd has officially announced a stock split in the ratio of 1:2, marking yet another strategic step in its effort to broaden investor participation and increase stock liquidity. The company's Board of Directors has fixed Wednesday, June 11, 2025, as the record date for this sub-division of equity shares. Shareholders holding one equity share of face value ₹2 as of the record date will receive two equity shares of ₹1 each. This move, approved by shareholders through a postal ballot on May 29, 2025, is expected to lower the entry barrier for retail investors while improving market depth. Earlier, the company had announced its intent to acquire agricultural land in the strategically vital region of Kutch, Gujarat. This acquisition underscores the company's commitment to broadening its business horizons into agriculture and industrial sectors. The proposed acquisition involves an investment estimated between INR 200 million and INR 250 million. This initiative is contingent upon thorough due diligence processes and the requisite regulatory approvals and statutory clearances. The company intends to utilize the acquired land primarily for cultivating premium-quality pomegranates, exploiting Kutch's advantageous agro-climatic conditions, renowned for high-yield and quality horticulture. This agricultural project aligns seamlessly with government schemes aimed at promoting modern agricultural practices and sustainable growth, including the National Horticulture Mission and Pradhan Mantri Krishi Sinchai Yojana (PMKSY). Additionally, MURAE Organisor Ltd. plans to set up a state-of-the-art distillery facility on the acquired premises, significantly broadening its operational capacity and enhancing its product offerings. This diversification into value-added products in the industrial segment positions the company strategically in an under-explored yet lucrative market segment, promising substantial margin improvement and sustainable long-term growth. The company's proposed venture is poised to benefit significantly from the Gujarat Industrial Policy 2020, which offers various incentives such as capital subsidies, tax concessions, and infrastructure support. The supportive regulatory environment, coupled with sector-specific government initiatives, creates an encouraging framework for rapid and profitable business expansion. For the financial year ended March 31, 2025, the company reported total revenue of ₹85.48 crore, a staggering increase compared to just ₹0.25 crore in FY24. The full-year net profit stood at ₹7.51 crore, against ₹5.31 lakh in the previous year, signaling a strong earnings rebound. The Q4FY25 net profit alone was ₹2.85 crore, underscoring consistent quarterly performance. MURAE's financials also show a notable build-up in trade receivables and cash positions, suggesting an expansion in operational scale and reach.
India.com
22-04-2025
- Business
- India.com
Stock market update: MURAE organisor board to consider Stock Split on This date; check details
MURAE Organisor Ltd has announced the consideration of a pivotal corporate decision that signals its ongoing commitment to shareholder value creation. The company's board will meet on April 24, 2025, to consider a stock split. 'To consider and approve the proposal to Sub- Division /Split of the Equity Shares of the Company in such manner as may be determined by the Board of Directors and subject to approval of the Shareholders and such authorities as may be required under Section 61 of the Companies Act, 2013. and Sebi Regulations 2015,' said the company in an filing. The recently reported Q3FY25 financial results reinforce MURAE's strong growth trajectory, with the company. The company reported a 384.3% quarter-on-quarter increase in revenue, with total revenue from operations rising to ₹281.04 crore in Q3 FY25, compared to ₹58.00 crore in the previous quarter. This substantial increase in revenue indicates strong market demand, successful execution of new orders, and an expanding distribution network. The company's profitability has also seen an impressive boost, with net profit surging 344.3% to ₹4.01 crore, compared to ₹0.90 crore in Q2 FY24. This significant rise in profitability reflects MURAE Organisor's ability to efficiently manage costs while scaling up operations. The company's profit before tax (PBT) jumped to ₹5.26 crore, marking an increase of 368.5% from ₹1.12 crore in the previous quarter. Earnings per share (EPS) also recorded a fivefold increase, climbing from ₹0.01 to ₹0.06. Meanwhile, equity benchmark indices Sensex and Nifty climbed in early trade on Tuesday as investors' sentiment remained buoyant amid continuous foreign fund inflows and buying in blue-chip bank stocks. The 30-share BSE benchmark Sensex climbed 319.89 points to 79,728.39 in early trade. The NSE Nifty went up by 76.1 points to 24,201.65. From the Sensex firms, Eternal, Tata Steel, Kotak Mahindra Bank, HDFC Bank, Tech Mahindra and Mahindra & Mahindra were among the biggest gainers. IndusInd Bank, Infosys, Power Grid and Asian Paints were among the laggards. Foreign Institutional Investors (FIIs) bought equities worth Rs 1,970.17 crore on Monday, according to exchange data. In Asian markets, South Korea's Kospi index and Shanghai SSE Composite traded higher while Tokyo's Nikkei 225 and Hong Kong's Hang Seng quoted lower. US markets ended significantly lower on Monday. Nasdaq Composite dropped 2.55 per cent, Dow Jones Industrial Average tanked 2.48 per cent and S&P 500 slumped 2.36 per cent.
