Mumbai: Harshil Agrotech Ltd has announced its Q2 Results of 2024-25. The company registered a profit of Rs 4.80 crore on a total income of Rs 24.10 crore in the June-September quarter. The company reported a revenue growth of 235.97 per cent and minimised its debt to a large extent. Harshil Agrotech share price has seen significant movement in the last 1 year with a 52-week high of Rs 10.44 and a low of Rs 0.29.
Harshil Agrotech Limited was officially incorporated as Mirch Technologies (India) Limited on 18th November 1972. The company’s name was changed to Harshil Agrotech Limited on September 11, 2023. The company is engaged in the business of industrial design and fabrication. The company caters to various industries like pharmaceuticals, dyes, petrochemicals, paper and pulp, fibers, cements, power plant, fertilisers, chemicals, steel plants, intermediates, and other allied processing industries.
Harshil Agrotech share price closed at Rs 10.64 on October 23, 2024. The stock has surged 1008.33 per cent in the last six months and increased by 3568.97 per cent in the past 1 year. The 52-week low for Harshil Agrotech stock was Rs 0.29 and 52-week high was Rs 10.64. The latest PE ratio of Harshil Agrotech is 87.00 while the latest PB ratio is 0.12.
“Right Issue Committee has approved the Draft Letter of Offer (“DLOF”) for raising of funds
through issuance and allotment of fully paid-up equity shares of Rs. 1/- each (“Equity Shares”) to
the eligible equity shareholders of the Company on a Rights basis, on such terms and at such
price and ratio as may be decided by the Board (including Right Issue Committee) at a later date,
as on the record date (to be notified later), for an amount upto Rs.49,50,00,000/- (Rupees Forty
Nine Crore Fifty Lakh Only) subject to receipt of in-principle approval of BSE Limited, in accordance with the applicable laws including the provisions of the Securities and Exchange
Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 and the Companies Act, 2013 and
rules made there under, as amended from time to time (“Rights Issue”),” the company said in its release.
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