Pioneer Embroideries posts marginal growth in total income
The total income of the company in the first nine months of the current financial year stood at Rs 243.22 crore, which was around 225 crore in the first nine months of the previous financial year.
Pioneer Embroideries Ltd, a small-cap stocks listed on both the exchanges, has reported financial results for the quarter and nine months ended December 31, 2023. As per the exchange filing, the company posted a total income of Rs 85.89 crore in the third quarter of FY24, which is 3.15 higher than the total income of Rs 83.27 crore in Q2FY24.
On a year-on-year (YoY) basis, the small-cap company has posted a net rise of over 30 per cent in total income.
The total income of the company in the first nine months of the current financial year stood at Rs 243.22 crore, which was around 225 crore in the first nine months of the previous financial year.
However, the net profit of the company dipped both sequentially and YoY.
Meanwhile, the company also informed the exchanges that its board has approved the allotment of 25 lakh equity shares of Rs 10 each at a premium of Rs 33 each.
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