Business News Desk – There is a company in the packaging industry, whose shares have given great returns in just 5 years. At one time the price of this share was not even Rs 20, but today it is more than Rs 1100. This share belongs to Expro India. This share has given a return of more than 7000 percent in the last 5 years. On 6 September 2019, the price of this share on BSE was Rs 16.17. On 6 September, this share closed at Rs 1153.60 on BSE. If someone had invested Rs 10000 in this share 5 years ago and had not sold the shares till now, then this investment would have become Rs 7.13 lakh. Similarly, an investment of Rs 50000 would have become Rs 35.67 lakh, an investment of Rs 1 lakh would have become Rs 71.34 lakh and an investment of Rs 1.5 lakh would have become more than Rs 1 crore.
Promoters hold 42.46% stake
Xpro India is a smallcap stock. The market cap of the company is over Rs 2300 crore. The promoters held 42.46 per cent stake in the company as of end-June 2024. The stock price has strengthened by 22 per cent in the last one year. The upper price band for the stock on BSE is Rs 1,384.30 with a 20 per cent circuit limit.
Profit rises 24% in June quarter
Xpro India’s consolidated revenue from operations grew nearly 6 per cent year-on-year to Rs 138.53 crore in the April-June 2024 quarter. Revenue was Rs 130.89 crore in the same quarter a year ago. The company’s consolidated net profit grew 24 per cent year-on-year to Rs 14 crore in the June 2024 quarter. It was Rs 11.29 crore in the June 2023 quarter. Expenses rose to Rs 126.43 crore from Rs 116.31 crore a year ago.
Recently received GST demand order of ₹1.68 crore
On September 5, the company informed the stock markets that it had received a GST demand order from the Deputy Commissioner, Central Goods and Services Tax Division VII, Pune I. Under this, Xpro India has been asked to pay Rs 9090703 GST, Rs 6805004 interest and Rs 949616 penalty for the financial year 2019-20. In this way, a total demand of Rs 1,68,45,323 has been made from the company.
