IRIS Clothings Ltd announces mixed results & 1:1 bonus share
IRIS Clothings Ltd, a leading kids’ wear apparel company, has announced its financial results for the fourth quarter (Q4) and the fiscal year (FY) 2025. The company’s performance has been mixed, with a decline in net sales in Q4, but a significant increase in net profit. Additionally, the company has approved a 1:1 bonus share issue, which is expected to benefit its shareholders.
Q4 FY25 Results
For the quarter ended March 31, 2025, IRIS Clothings Ltd reported a decline in net sales of 4% to ₹40.33 crore compared to the same period last year. However, the company’s net profit rose by 29% to ₹4.48 crore, driven by cost reduction measures and efficient inventory management.
FY25 Results
For the full fiscal year 2025, IRIS Clothings Ltd reported a growth in net sales of 20% to ₹146.58 crore, compared to FY24. The company’s net profit also increased by 8% to ₹13.12 crore, driven by its ability to maintain pricing power and control costs.
Production Plans
The company plans to ramp up its production capacity in FY26, with a target of producing 38,000 pieces daily. This will enable IRIS Clothings Ltd to meet the growing demand for its products and increase its market share in the kids’ wear apparel segment.
Bonus Share Issue
As part of its efforts to reward its shareholders, IRIS Clothings Ltd has approved a 1:1 bonus share issue. This means that existing shareholders will receive one bonus share for every one share they hold, which will increase their stake in the company.
Impact on Share Price
The announcement of the mixed results and the 1:1 bonus share issue is expected to have a positive impact on the share price of IRIS Clothings Ltd. The company’s stock has been trading under ₹70, making it an attractive multibagger penny stock for investors. The bonus share issue is expected to increase the company’s equity base, which will lead to an increase in its market capitalization.
Conclusion
IRIS Clothings Ltd’s mixed results and the announcement of a 1:1 bonus share issue are expected to benefit the company’s shareholders. The company’s efforts to ramp up production and increase its market share in the kids’ wear apparel segment are expected to drive growth in the coming years. Investors who are looking for a multibagger penny stock with growth potential may consider IRIS Clothings Ltd as a potential investment opportunity.
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