Gujarat Toolroom: Penny stock hits 5% lower circuit as Q3 net profit slips 90%

Gujarat Toolroom hit its 5% lower circuit at ₹2.34 apiece, down 4.88% on the Bombay Stock Exchange (BSE) on Thursday, February 20, after the company reported a 90.01% fall in its consolidated net profit to ₹1.43 crore in the third quarter of the 2024-25 financial year (Q3FY25).

Its net profit stood at ₹14.32 crore in the same period last year. However, the company’s revenue from operations surged 76.06% year-on-year to ₹230.74 crore in Q3 FY25, compared to ₹131.06 crore in Q3 of the 2023-24 fiscal year (Q3FY24).

The company’s expenses were at ₹229.36 crore in the quarter under review, marking a 98.74% YoY increase from ₹115.41 crore in Q3FY24, it said in a regulatory filing on Wednesday, February 19.

Board approves issuance of additional bonus shares

The board of Gujarat Toolroom also greenlit the issuance of an additional 1.16 crore bonus shares on top of the 23.21 lakh shares it had approved on February 6, the company said on Wednesday.

Consequently, the paid-up equity share capital of the company increased to ₹1.39 crore consisting of 1.39 crore (or 139,23,93,780) equity shares of ₹1 each.

Members who held the shares as of the record date of February 18, will be eligible for the bonus share in the proportion of 5:1 i.e., five equity shares of ₹1 each for every one stock of ₹1 held.

Past performance

The penny stock rose 14.61% over the last week and 30.12% in the last month. However, the company lost 14.39% on a year-to-date basis.

Gujarat Toolroom has a total market capitalisation of ₹325.82 crore as of February 20, 2025, on the BSE.

About Gujarat Toolroom

Gujarat Toolroom Limited is engaged in mining, gemstone and precious metals trading, green energy solutions, textile trading and infrastructure development segments. With business spanning across Dubai, and Zambia, it is headquartered in Ahmedabad, Gujarat.