Introduction:
Ethanol stock for the quarter ending December 31, 2024, reported a 27.3% decline in total income, falling to ₹6,223.73 crore. Despite a reduction in expenses by 14.5%, net losses increased by ₹2,025.62 lakhs, showing a 46.7% reduction in loss.
Share Price movement of KCP Sugar & Industries Corporation:
On February 10, 2025, KCP Sugar & Industries Corporation Ltd opened at ₹37.50, the stock hit a high of ₹37.50 and a low of ₹36.30 down 8% from its previous close of ₹39.50. Currently, it is trading at ₹36.76, with a market cap of ₹415.10 crore.
KCP Sugar & Industries Corporation Q3 Results:
For the quarter ending December 31, 2024, KCP Sugar & Industries Corporation Limited reported total income of ₹6,223.73 crore, a decrease of 27.3% compared to ₹8,568.10 crore in Q2 FY25. This decline was primarily due to reduced revenue from operations and other income.
The company’s expenses also saw a significant reduction, down 14.5% to ₹10,026.23 crore in Q3 FY25, compared to ₹11,742.54 crore in Q2 FY25. This reduction was primarily due to a 27.5% drop in cost of materials consumed, reflecting lower production costs during the quarter.
For the quarter ended 31st December 2024, the net losses of KCP Sugar & Industries Corporation increased by ₹2,025.62 lakhs, compared to a loss of ₹3,776.67 lakhs in Q3 FY25. This represents a decrease of approximately 46.7% in the losses during Q3.
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Ace investor holding of KCP Sugar & Industries Corporation:
Dolly Khanna holds a 1.75% stake in KCP Sugar & Industries Corporation Ltd., with 19,78,638 shares valued at ₹7.3 crore. Her holding increased by 0.09% from the previous quarter, reflecting her sustained interest in the company’s performance and growth.
Stock performance of KCP Sugar & Industries Corporation for Period of 1 week, 6 months and 1 year:
KCP Sugar & Industries Corporation experienced a 2.25% decline over the past week. Over the last six months, the stock has dropped 16.1%. Year-over-year, it has seen a decrease of 3.14%, reflecting a negative trend across these periods.
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Shareholding pattern of KCP Sugar & Industries Corporation:
All values in % | Dec-24 | Sep-24 | Jun-24 |
Promoters | 40.59 | 40.59 | 40.59 |
FII | 0.02 | 0.07 | 0.01 |
DII | 0 | 0 | 0.01 |
Retail & others | 59.38 | 59.33 | 59.39 |
About KCP Sugar & Industries Corporation:
KCP Sugar & Industries Corporation Ltd. is an Indian company engaged in sugar manufacturing, power generation, and other related activities. It operates in diverse sectors, including chemicals and engineering, contributing to the growth of India’s industrial and agricultural sectors.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.