Anup Engineering's shares rose by 12%

Anup Engineering Share Price: On May 6, Anup Engineering shares rose by almost 19 percent and touched a high of Rs 2,186.95 as investors were excited by the excellent performance in the March quarter.

This is the 52-week high of the stock. Later it could maintain a growth of only about 13 percent. The stock opened with gains in the morning at Rs 2001 on BSE. The market cap of the company has crossed Rs 4100 crore. At the end of trading, the stock strengthened by 12.41 percent and settled at Rs 2066.75.

According to the information given by the company to the stock exchanges, the net profit of Anoop Engineering in the January-March 2024 quarter increased by about 27.4 percent on an annual basis to Rs 43 crore. EBIDTA rose 23.7 percent to Rs 37.3 crore compared to a year ago. Revenue from operations increased to Rs 156.9 crore during the quarter.

How much profit did Anoop Engineering make in FY24?

Anup Engineering's revenue from operations for the entire financial year 2024 stood at Rs 550.4 crore, which is 33.8 percent more than the year-ago revenue. This revenue was Rs 411.3 crore in FY 2023. Meanwhile, EBIDTA increased by 53.3 percent year-on-year to Rs 126.8 crore. A year ago it was Rs 82.7 crore. Net profit stood at Rs 103.5 crore in FY24, a jump of 101.2 percent. A year ago it was Rs 51.4 crore.

Dividend of Rs 20 declared

Anup Engineering has decided to pay a final dividend of Rs 15 and a one-time special dividend of Rs 5 on each share with a face value of Rs 10 for the financial year 2024. In this way, a total dividend of Rs 20 per share has been declared. The approval of the shareholders will be taken on this in the annual general meeting of the company.