On December 13, 2024, Exxaro Tiles share price traded 3.95% lower at ₹10.95 at 9:45 AM on the BSE. The stock opened at ₹10.80, higher than the previous close of ₹11.40. The stock dropped to a day’s low of ₹10.65 during early trade.
Exxaro Tiles shares are in the spotlight today as the company’s 10:1 stock split takes effect. The stock split was announced on October 14, 2024.
With this corporate action, shareholders who held the stock before the split will now own 10 shares for every 1 share they previously held.
For the second quarter of fiscal 2025, the company achieved a revenue growth of ₹69.72 crore up from ₹59.83 crore in the previous quarter.
Despite this increase in revenue, Exxaro Tiles posted a net loss of ₹0.39 crore for the second quarter, an improvement from a larger loss of ₹4.27 crore in the previous quarter.
The company’s earnings per share (EPS) stood at -₹0.09, which is an improvement compared to the EPS of -₹0.95 in the June 2024 quarter.
Cash EPS, a measure of the company’s ability to generate cash from operations, turned positive at ₹0.45, recovering from the negative ₹0.43 reported in June 2024.
Exxaro Tiles also saw an improvement in its operating profit margin (OPM), which rose to 8.78% in September 2024, compared to just 0.59% in the previous quarter. However, the net profit margin (NPM) remained negative at -0.56%, an improvement from -7.13% in June 2024.
Exxaro Tiles is a prominent manufacturer and supplier of ceramic tiles, catering to both domestic and international markets. Based in India, the company specializes in producing a wide range of high-quality ceramic tiles, including floor tiles, wall tiles, and other decorative tiles. Exxaro Tiles is known for its innovation in design, technology, and product development, ensuring its offerings meet the highest industry standards.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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