Gujarat Toolroom Limited was in focus on Thursday. On January 2, 2025, Gujarat Toolroom share price opened at ₹18.07, up from its previous close of ₹17.22. At 11:27 AM, the share price of Gujarat Toolroom was trading at ₹18.08, up by 4.99% on the BSE. The company’s market capitalisation was ₹419.57 crore.
On January 1, 2025, Gujarat Toolroom Limited announced that its Board of Directors will meet on Monday, January 6, 2025, to consider a proposal for the issuance of bonus shares. The proposed ratio for the bonus issue is 5:1, meaning shareholders would receive five bonus equity shares for every one share held, subject to approval by the shareholders. The bonus shares will be issued by capitalising the company’s securities premium, with the record date for eligibility to be determined.
Gujarat Toolroom Limited’s revenue from operations for the quarter ended September 30, 2024, was ₹270.51 crores, reflecting a 2.33% growth compared to the previous quarter (Q1 FY2025: ₹264.35 crores). Year-on-year, the revenue saw a significant increase of 72.66% from ₹156.68 crores in the quarter ended September 30, 2023.
The company also posted a notable rise in net profit, which stood at ₹26.79 crores for Q2 FY2025, up 17.85% from the previous quarter (₹22.73 crores in Q1 FY2025). On a year-on-year basis, the net profit saw an extraordinary increase of 1,016% from ₹2.40 crores in Q2 FY2024.
Gujarat ToolRoom Ltd is involved in the business of development and operation of mines and minerals and other related activities.
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