Leadership changes, Mumbai office shift and Rs 24.21 lakh September quarter profit
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On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 2.1 pts less than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Vinit Kumar was appointed additional managing director for five years, pending shareholder approval; Bhairavi Goswami became whole-time director. The registered office moved from Delhi to Mumbai. September quarter revenue was Rs 44.55 lakh and profit Rs 24.21 lakh, versus a Rs 9.89 lakh loss a year earlier. Six-month revenue was Rs 80.55 lakh, profit Rs 43.01 lakh. Half-year operating revenue was Rs 5.72 lakh and other income Rs 74.82 lakh.
Profit growth may support the stock, but earnings rely on other income. Continuity helps, though the new managing director needs shareholder approval.