Top Trending Stock: This share jumped eight percent in the falling market, know what is the reason – stock below rs 100 emmbi industries soared more than 7 percent in morning trade know more here!
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Even though the stock has performed almost flat in the long term, it can serve as an attractive option for short term investment. The reason for this is its low price which is less than 100 rupees. Emby Industries thus presents an attractive investment opportunity for those interested in the industrial products sector. Established in 1994, Emby Industries Limited specializes in the manufacturing of Woven Polymer Based Items. The main focus of the company is in the manufacturing of Flexible Intermediate Bulk Containers (FIBCs). Emby’s diverse product range includes woven bags and liners, which are widely used in the form of storage containers, irrigation canals, artificial reservoirs, flexible tanks, automobile covers and furniture protection.
The company recently announced the results for the first quarter of the financial year 2024. Let’s take a look:
Q1 FY24 – YoY Comparison
The revenue declined by 18.55% from Rs 105.82 crore to Rs 86.18 crore.
Operating profit also declined by 18.50%, from Rs 10.59 crore in Q1 FY23 to Rs 8.63 crore in Q1 FY24.
Net profit declined significantly, from Rs 3.03 crore in Q1 FY23 to Rs 1.45 crore in Q1 FY24.
Overall, the company has registered a poor financial performance, but the future prospects look promising. Emby Industries demonstrates its commitment to innovation by consistently providing state-of-the-art solutions to the market, backed by continuous investment in R&D and adoption of new technologies. The company has successfully established a strong global presence, catering to diverse industries and clientele. Keep a close eye on this trending micro-cap stock.
This article is powered by Dalal Street Investment Journal, India’s No. 1 Investment Magazine. Click here to get regular updates about Winning Stocks and Recommendations.
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