SBC Exports Bonus Issue: Small-cap stock SBC exports have announced bonus shares. The company will issue bonus shares to its shareholders in a ratio of 1: 2. Along with this, the company has released strong results in the October-December quarter of FY25. The company’s shares saw a decline of 2.73 per cent on 28 January today and the stock has closed at Rs 22.06 on BSE. The stock of the stock is Rs 37.80 and the 52-wheel is Rs 18.39. The company’s market cap is Rs 701.27 crore.
What SBC Exports said in the statement
The Board of Directors of SBC Exports, in their meeting held on Friday, January 24, 2025 today, considered, recommended and approved the issue of bonus shares in a ratio of 1: 2. This means that each existing equity shareholder will be given 1 new equity shares on existing 2 equity shares on the basis of record date. However, the record date has not been announced yet.
The bonus issue of equity shares by the company is dependent on the approval of the shareholders, which will be obtained through the postal ballot. In addition, it will also depend on all other legal and regulatory approvals that may be necessary.
The results of the December quarter of SBC Exports
The company recorded a revenue of Rs 76.13 crore in the quarter ended 31 December 2024 (consolidated), which is 44.43 per cent higher than the previous year. The net profit during Q3Fy25 increased by 24.76 percent to Rs 3.58 crore.
Revenue increased by Rs 141.97 crore to Rs 48.80 per cent to Rs 211.25 crore in 9mfy25 in nine months ended on 31 December 2024 (consolidated). Net Profit increased by Rs 47.87 per cent to Rs 14.26 crore in 9mfy24 from Rs 9.64 crore to Rs 14.26 crore.
SBC Exports have received this order recently
Earlier, the company announced that it had received work orders worth Rs 47.38 crore from Directorate of Vocational Education and Training. Recently, the company has once again received an export order from Dubai-based textile company Messrs Goggi Brothers wholesalers Company LLC to supply a variety of garments including T-shirts, trousers, shorts worth $ 5360180.00 (about ₹ 45 crore).
SBC Exports Limited was established in 1991. The company has enhanced its business by entering home textile and garment training markets and establishing production facility in Sahibabad Industrial Area in Mirzapur and Ghaziabad.