At the same time, the S&P BSE Small Cap Index rose by 100.9 percent. FEM Industries is a component of this index. In the last two years, the S&P BSE Smallcap Index, which stood at 14,143.32 on September 1, 2020, rose to 28,415.89 on August 26, 2022.
Phem Industries Limited Company provides rear view mirrors, lighting, signaling equipment for two wheelers. The company is also present in the four wheeler segment. Apart from this, the company also manufactures things like warning triangles, reflex reflectors and LED lamps.
Also read: Huge profit.. Hyderabad company gave Rs. 15.90 crore per lakh!
In the results announced in Q1 of fiscal 2023, the company’s revenues jumped 62 percent year-on-year to Rs 441.98 crore on a consolidated basis. Less growth is seen in spending. The company’s net income increased by 157.27 percent to Rs 29.11 crore.
Shares of Phem Industries Ltd were trading at Rs 1509.55, a loss of 2.77 per cent at 10.05 am. The company’s stock touched a 52-week high of Rs.1,738.50 and a 52-week low of Rs.800.
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