Taparia Tools Announces Quarterly Results

Taparia Tools, a small cap company, recently shared its quarterly results for the period of July to September 2024. The figures show a significant increase in net profit after tax, which reached Rs 3,075.67 crore, up from Rs 2,364.97 crore during the same period last year. Additionally, the total income for this quarter was Rs 22,674.98 crore, compared to Rs 21,071.06 crore in the previous year. This growth reflects the company’s strong performance in the market and its ability to generate higher revenues.

Dividend Distribution for Shareholders

In conjunction with its impressive quarterly results, Taparia Tools has announced an interim dividend of Rs 25, which equates to a substantial 250 percent for its shareholders for the financial year 2025. The board of directors has set November 22, 2024, as the record date to determine eligibility for this dividend. This move is expected to reward shareholders and enhance their trust in the company’s ongoing growth and profitability.

Current Status of Taparia Tools Shares

As for the company’s shares, they are currently trading below Rs 10 on the Bombay Stock Exchange (BSE). On Wednesday, the stock saw a nearly 5 percent increase, closing at Rs 8.76, marking its 52-week high price. Over the past three months, the stock has appreciated by an impressive 33 percent, and it has surged 105 percent over the last six months. Taparia Tools has a rich history, having started its journey in manufacturing hand tools in India back in 1969, thanks to a collaboration with a well-known Swedish company.

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Taparia Tools Share Summary

Taparia Tools reported strong quarterly results for July-September 2024, with a net profit of Rs 3,075.67 crore, up from Rs 2,364.97 crore year-over-year. Total income increased to Rs 22,674.98 crore, compared to Rs 21,071.06 crore in the same quarter last year. The company announced a 250% interim dividend of Rs 25 for FY25, with a record date set for November 22, 2024. Shares are trading around Rs 8.76, reflecting a 33% gain over three months and 105% over six months.