Safari Industries (India) Ltd Share Price – NSE  / BSE

Plastic products, Small Cap

Safari Industries (India) announced that the Board of Directors of the Company at its meeting held on 08 November 2024, has recommended a Interim dividend of Rs.1.50 per share (i.e.75%), subject to the approval of the shareholders.

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However, revenue from operations grew by 23.72% year on year (YoY) to Rs 457.79 crore in the quarter ended 30 September 2024.

Profit before tax stood at Rs 37.84 crore during the second quarter of FY25, down 27.07% from Rs 51.89 crore posted in same quarter last year.

Total expenses spiked 33.01% YoY to Rs 427 crore in September 2024 quarter. Cost of material consumed was at Rs 148.63 crore (up 53.03% YoY) and employee benefits expenses stood at Rs 30.18 crore (up 21.54% YoY) during the quarter.

On standalone basis, the company’s net profit fell 36.04% to Rs 21.82 crore in Q2 FY25 as against 34.12 crore reported in Q2 FY24. However, revenue from operation increased by 23.72% YoY to Rs 457.32 crore posted in Q2 FY25.

Meanwhile, the company’s board declared an interim dividend of Rs 1.50 per share for FY25. The said interim dividend will be paid on or before 6 December 2024.

Safari Industries (India) is engaged in the manufacturing and marketing of luggage and luggage accessories.

Shares of Safari Industries (India) fell 0.81% to currently trade at Rs 2,241.55 on the BSE.

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Net profit of Safari Industries (India) declined 25.40% to Rs 29.66 crore in the quarter ended September 2024 as against Rs 39.76 crore during the previous quarter ended September 2023. Sales rose 23.72% to Rs 457.79 crore in the quarter ended September 2024 as against Rs 370.02 crore during the previous quarter ended September 2023.

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The Board of Safari Industries (India) at its meeting held on 08 November 2024 has approved the allotment of 4,200 equity shares under ESOS. Consequently, the paid up equity share capital has increased from Rs. 9,77,63,590 to Rs. 9,77,71,990/-.

The Board also approved the grant of 4,200 Employee Stock Appreciation Rights ('ESAR') to eligible employees of the Company under the Safari Employees Stock Appreciation Rights Scheme 2022

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