Kronox Lab Sciences Ltd Share Price – NSE  /  BSE

Chemicals, Small Cap

Kronox Lab Sciences announced that the Board of Directors of the Company at its meeting held on 28 June 2024, has recommended a Final dividend of Rs.0.50 per share (i.e.5%), subject to the approval of the shareholders.

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Net profit of Kronox Lab Sciences rose 140.98% to Rs 5.88 crore in the quarter ended March 2024 as against Rs 2.44 crore during the previous quarter ended March 2023. Sales rose 3.31% to Rs 22.18 crore in the quarter ended March 2024 as against Rs 21.47 crore during the previous quarter ended March 2023.

For the full year,net profit rose 30.18% to Rs 21.35 crore in the year ended March 2024 as against Rs 16.40 crore during the previous year ended March 2023. Sales declined 5.98% to Rs 89.86 crore in the year ended March 2024 as against Rs 95.58 crore during the previous year ended March 2023.

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Kronox Lab Sciences will hold a meeting of the Board of Directors of the Company on 28 June 2024.

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The scrip was listed at Rs 165, exhibiting a premium of 21.32% to the issue price.

So far, the stock has hit a high of 165 and a low of 156.80. On the BSE, over 2.73 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Kronox Lab Sciences was subscribed 118.22 times. The issue opened for bidding on 3 June 2024 and it closed on 5 June 2024. The price band of the IPO was fixed at Rs 129 to 136 per share.

The offer comprised an offer for sale of 95.70 lakh equity shares aggregating to Rs 130 crore.

Kronox Lab Sciences manufacture high purity speciality fine chemicals for diversified end user industries. It manufactures products compliant with reagents, pharmacopeia, and various food grade standards used in the pharmaceutical, nutraceutical, veterinary, food, biotech, chemical analysis and research, metallurgy, personal care and other specialty markets. The company’s product groups include acetates, carbonates, chlorides, citrates, hypophosphates, nitrates, nitrites, phosphates, sulphates, and other ultra-pure fine chemicals.

The firm reported a net profit of Rs 15.47 crore and total income of Rs 67.69 crore for the nine months ended on 31 December 2023.

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