Defence Stock Announces 1:5 Stock Split! Record Date Set as Q3 Profit Jumps 51%, Shares Gain 12% YTD

A BSE-listed aerospace and defense company, Sika Interplant Systems, is set to undergo a significant 1:5 stock split as part of a corporate restructuring move. The record date, which is the last date for shareholders to be eligible for the split, has also been finalized by the company's board.

Sika Interplant Systems Stock Split Details

In an exchange filing on February 24, 2025, the company announced, "This is to inform you that the Company has fixed Monday, March 17, 2025, as the Record Date for determining the entitlement of equity shareholders for the purpose of sub-division/split of existing equity shares. Each equity share of ₹10 face value will be subdivided into five equity shares of ₹2 face value, fully paid-up, ranking pari passu in all respects. This stock split was approved by shareholders during the Annual General Meeting (AGM) held on September 20, 2024."

Sika Interplant System Share movement lately

Shares of Sika Interplant today slipped into red at the end of today's trading session at Rs. 2,230 a piece after losing 3.61%.Over the past five trading sessions, the stock has lost approximately 13%, mainly due to near-term market weakness. Year-to-date (YTD 2025), the stock has slipped 12.21%.

Sika Interplant Systems Financial Performance in Q3 FY24

Sika Interplant Systems delivered a strong financial performance for the quarter ending December 2024. The company's net sales surged 46.11% YoY to Rs. 37.98 crore, compared to Rs. 26.00 crore in December 2023. The company's EBITDA also witnessed a healthy rise of 37.24% YoY, standing at Rs. 9.14 crore in December 2024, compared to Rs. 6.66 crore in the previous year. Quarterly net profit saw an impressive 51.06% YoY jump, reaching Rs. 7.14 crore, up from Rs. 4.73 crore in the same period last year, driven by improved operational efficiency and revenue growth.

About Sika Interplant System

Established in 1969, Ultraweld Engineers Private Limited is the parent company of SIKA and is an engineering-driven company focused on the aerospace, defense & space (A&D), and automotive sectors in India. A publicly listed company on the Bombay Stock Exchange, SIKA's main lines of business comprise engineered projects & systems, interconnect solutions & electrical module integration, maintenance, repair & overhaul (MRO), and value-added distribution.

About Sika Interplant Systems Ltd.

Established in 1969, Sika Interplant Systems Ltd. (SIKA) is an engineering-driven company specializing in the Aerospace, Defense & Space (A&D), and Automotive sectors in India. The company operates as a publicly listed entity on the Bombay Stock Exchange (BSE) and provides customized engineering solutions for defense and aerospace applications. SIKA specializes in the design, manufacturing, and integration of advanced electrical and electronic components used in aviation and defense systems.