Laxmi Organic Industries Ltd Share Price – NSE  /  BSE

Chemicals, Small Cap

Allcargo Logistics Ltd, Chemplast Sanmar Ltd, Carborundum Universal Ltd, Symphony Ltd are among the other stocks to see a surge in volumes on NSE today, 22 March 2024.

Laxmi Organic Industries Ltd registered volume of 124.81 lakh shares by 14:14 IST on NSE, a 18.65 fold spurt over two-week average daily volume of 6.69 lakh shares. The stock rose 8.34% to Rs.246.70. Volumes stood at 6.64 lakh shares in the last session.

Allcargo Logistics Ltd recorded volume of 348.86 lakh shares by 14:14 IST on NSE, a 9.6 times surge over two-week average daily volume of 36.33 lakh shares. The stock gained 13.33% to Rs.72.70. Volumes stood at 31.16 lakh shares in the last session.

Chemplast Sanmar Ltd registered volume of 7.12 lakh shares by 14:14 IST on NSE, a 6.19 fold spurt over two-week average daily volume of 1.15 lakh shares. The stock rose 1.60% to Rs.443.85. Volumes stood at 77705 shares in the last session.

Carborundum Universal Ltd witnessed volume of 7.98 lakh shares by 14:14 IST on NSE, a 4.46 times surge over two-week average daily volume of 1.79 lakh shares. The stock increased 7.49% to Rs.1,242.00. Volumes stood at 3.7 lakh shares in the last session.

Symphony Ltd registered volume of 2.51 lakh shares by 14:14 IST on NSE, a 4.1 fold spurt over two-week average daily volume of 61100 shares. The stock rose 5.86% to Rs.874.50. Volumes stood at 38118 shares in the last session.

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Net profit of Laxmi Organic Industries declined 0.15% to Rs 27.19 crore in the quarter ended December 2023 as against Rs 27.23 crore during the previous quarter ended December 2022. Sales rose 6.06% to Rs 694.30 crore in the quarter ended December 2023 as against Rs 654.64 crore during the previous quarter ended December 2022.

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Laxmi Organic Industries will hold a meeting of the Board of Directors of the Company on 24 January 2024.

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Revenue from operations rose marginally to Rs 652.27 crore in the September 2023 quarter from Rs 652.20 crore reported in Q2 FY23.

Profit before tax surged 73.1% to Rs 17.53 crore in Q2 FY24 crore registered in 10.13 crore in Q2 FY23.

EBITDA jumped 50% to Rs 47.1 crore in Q2 FY24 from Rs 31.5 crore posted in Q2 FY23. EBITDA margin advanced to 7% as compared with 5% reported in the corresponding quarter previous year.

Laxmi Organic Industries is a leading manufacturer of acetyl intermediates and specialty intermediates with almost three decades of experience in large scale manufacturing of chemicals.

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