Rs 2.5/Share Dividend Declared: SKM Egg Products Reports 65.70% Decline In Net Profit

Small cap FMCG sector company SKM Egg Products Export (India) on August 7, 2024 recommended final dividend of 2.5 per equity share (25%), subject to approval of shareholders. Current market price of SKM Egg Products share on BSE is Rs 247.65 per share. SKM Egg Products shares declined over 22% in last 1-year and offered return of 270% in last 2-years. Check more details below:

SKM Egg Products Financial Results: The net profit of SKM Egg Products Export for the quarter ended June 2024 declared at Rs 12.09 crore, down 65.70% as against Rs 35.25 crore declared in the corresponding quarter of last year. The sales of SKM Egg Products Export also slipped by 43.95% to Rs 117.84 crore for the June 2024 quarter as compared to Rs 210.23 crore declared in the similar quarter of last year.

SKM Egg Products Shares Performance: The 52-week high price of SKM Egg Products shares on BSE is Rs 559.40 per share as on (05/09/2023) and 52-week low price is Rs 213.60 per share (as on 28/03/2024), respectively. SKM Egg Products Exports shares declined 20% in last 6-months, fell 38% year-to-date, and rallied 194% in last 3-years. In last 5-years, SKM Egg Products shares gained 651%.

About: SKM egg products started the journey of eggcellence in 1996. SKM EGG PRODUCTS is one of the largest egg processing plants in Asia with a capacity to process 1.8 million eggs per day to produce 6500 tonnes of egg powder annually. SKM egg products is certified for ISO22000, BRC, and HALAL to make quality egg products. SKM has the capability to formulate and develop various kinds of egg based mixes for bakeries and mayonnaise applications.

Disclaimer: The stock just highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.