India’s expansion is fueled by investment and industry, and GM Polyplast’s profit has quadrupled. The company announced a 5% equity dividend and an 82.14% growth in EBITDA to Rs 716.98 lakh.
India’s growth is driven by investment and industry. Thanks to government programs, industrial output has grown significantly.
Q2’s economic rebound is already showing in industrial stocks. GM Polyplast, a significant industrial stock, has witnessed one side surge in recent years.
Investors in plastic goods company GM Polyplast have received multibagger returns of 650 percent in two years, according to BSE.
A stock exchange filing showed an EBITDA of Rs 716.98 lakh for the half year ending September 30, 2023 (H1FY23), up from Rs 393.65 lakh in the first six months of last financial year. This is an 82.14% EBITDA increase.
According to the filing, H1FY24 PAT quadrupled YoY and margins rose 591 basis points.
The company paid 5% dividend on Rs 10 equity shares on December 5, according to the filing. Additionally, the board recommended increasing allowed capital from Rs 15 crore to Rs 25 crore.
Conclusion
Investment and production fuel India’s prosperity, with government measures boosting industrial output. Big industrial stock GM Polyplast has returned 650 percent in two years. H1FY23 EBITDA was Rs 716.98 lakh, up 82.14% from the previous year. The H1FY24 PAT doubled YoY and margins rose 591 basis points. The board approved expanding the allowed capital from Rs 15 crore to Rs 25 crore and declared a 5% dividend on equity shares of Rs 10 face value on December 5.
