Butterfly Gandhimathi Appliances zooms on reporting many fold jump in Q1 net profit

Butterfly Gandhimathi Appliances is currently trading at Rs. 1555.90, up by 208.50 points or 15.47% from its previous closing of Rs. 1347.40 on the BSE.

Butterfly Gandhimathi
Butterfly Gandhimathi

The scrip opened at Rs. 1360.00 and has touched a high and low of Rs. 1575.00 and Rs. 1315.00 respectively. So far 10767 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1575.00 on 14-July-2022 and a 52 week low of Rs. 701.20 on 24-Aug-2021.

Last one week high and low of the scrip stood at Rs. 1575.00 and Rs. 1275.00 respectively. The current market cap of the company is Rs. 2381.02 crore.

The promoters holding in the company stood at 88.78%, while Institutions and Non-Institutions held 0.75% and 10.47% respectively.

Butterfly Gandhimathi Appliances has reported results for first quarter ended June 30, 2022.

The company has reported around 14-fold jump in its net profit at Rs 13.24 crore for the quarter under review as compared to Rs 0.95 crore for the same quarter in the previous year. Total income of the company increased by 85.39% at Rs 253.86 crore in Q1FY23 as compared Rs 136.93 crore for the corresponding quarter previous year.

Butterfly Gandhimathi Appliances is involved in manufacturing and trading of a wide range of domestic kitchen and electrical appliances under the brand ‘BUTTERFLY’.

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