Multibagger Stock: Black Box Ltd (NSE: BBOX) has announced quarterly results. Essar Group’s IT brand Black Box’s net profit rose 60 % to Rs 51.14 crore in the July-September quarter of the current financial year.
The company told the stock market that it had recorded a net profit of Rs 31.96 crore in the same period a year ago. Let us tell you that on Friday, the share of the company ended the day at 538.45 rupees.
Black Box Ltd’s income declined by 4.89 percent to Rs 1,497.2 crore during the second quarter of the current financial year, from Rs 1,574.3 crore in the second quarter of FY 2023-24.
The Company Has Also Given Bonus Shares
Black Box Ltd has given bonus shares. The company has given one share bonus on one share.
The company offered bonuses in the year 2012. Let us tell you, the company’s share was divided in 2022.
Following the split of the stock, the value of the shares dropped to 2 rupees per share. The company’s share was divided into 5 pieces.
How Does The Company’s Performance Compare On The Market?
At 2:30 pm, the company is trading with a gain of 5.3%. The recent price is 566 rupees. From Monday’s crash around 10 am, the stock has gained 5.8%.
In the past six months share of the company has risen by 150.11 %. Due to this, the investors’ money has doubled during this period.
At the same time, investors who have held the stock for a year have gained 123 percent so far. Let us tell you, the stock price has risen by 2138 percent in the last 5 years.
What Did The Company’s Director Say?
Black Box Ltd’s full-time director Sanjeev Verma said that the company’s efforts to reduce costs will give better margins.
He said that the company has secured funding of Rs 386 crore.
Quick Fact
| Company name | Black Box |
|---|---|
| Current price (2:30 pm) | ₹566 gain of 5.3% |
| Net profit Q2 FY 2024 | ₹51.14 crore |
| Net profit Q2 FY 2023 | ₹31.96 crore |
| Net profit growth | 60% |
| Q2 income FY 2024 | ₹1,497.2 crore |
| Q2 income FY 2023 | ₹1,574.3 crore |
| Income decline | 4.89% |
| Bonus shares | 1:1 ratio |
| Bonus year | 2012 |
| Share split year | 2022 |
| Post-split share value | ₹2 per share |
| Share split ratio | 1:5 |
| 6-month gain | 150.11% |
| 1-year gain | 123% |
| 5-year gain | 2138% |
| Funding amount secured | ₹386 crore |
| Director Statement | Cost reduction for better margins |
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