LIC-backed Stock Under Rs 10, 1:1 BONUS Share: 400% RETURN! FMCG firm's Q4 profit zooms 250%

April 18,2024

Stock Under Rs 10, LIC-Backed Stock: LIC-backed Integra Essentia, penny stock below Rs 10, has announced its quarterly earnings for the fourth quarter of financial year 2023-24 (Q4FY24). The company has informed through an exchange filing that its Q4 net profit zoomed by 250 per cent YoY to Rs 5.91 crore in the quarter under review. The firm had posted a net profit of Rs 1.69 crore in the same three-month period of the last fiscal.

The total income during the January-March quarter stood at Rs 100.6 crore, up more than 40 per cent YoY. The total income in the corresponding period a year ago was seen at Rs 68.1 crore.

For the full year (FY24), Integra Essentia's net profit more than doubled to Rs 15.28 crore. In FY2023, the company had clocked a net profit of Rs 6.67 crore. The total sales during the year ended March 2024 stood at Rs 277.27 crore as against Rs 241.41 crore during the previous year ended March 2023.

Integra Essentia is engaged in the business of life essentials like food, clothing and infrastructure. The company is backed by LIC. According to data rooted from trendlyne, LIC owns 1.1 per cent stake (9,719,832 shares) in the company.

On Tuesday, Integra Essentia shares closed in the green at Rs 3.15 apiece on BSE. According to BSE data, the company had in January this year issued bonus shares in the ratio of 1:1 (one for one).

As per BSE analytics, Integra Essentia shares have delivered a solid return of 246 per cent in the last two years. In 3 years, the counter has sprinted 408 per cent, resulting in wealth gain investors.

The LIC-backed counter has skyrocketed a massive 687 per cent in 5 years and 1,160 per cent in 10 years, as per analytics.

Integra Essentia shares have a 52-week range of Rs 7.83 - Rs 2.55 on BSE. The company commands a market cap of Rs 287.93 crore as on April 16, according to BSE website.