IRIS Clothings Ltd Announces Mixed Results & 1:1 Bonus Share
IRIS Clothings Ltd, a prominent kids’ wear apparel company, has recently announced its financial results for the fourth quarter (Q4) of fiscal year 2025 (FY25). The company’s Q4 FY25 results show mixed performance, with a decline in net sales but an increase in net profit. Additionally, IRIS Clothings has announced a 1:1 bonus share issue to reward its shareholders.
Q4 FY25 Results
In its Q4 FY25 results, IRIS Clothings reported a decline of 4% in net sales, which stood at ₹40.33 crore. Despite this decline, the company’s net profit rose by 29% to ₹4.48 crore. The company’s management attributed the decline in net sales to various factors, including intense competition in the market and global supply chain disruptions.
FY25 Results
IRIS Clothings’ FY25 results show a more positive picture. The company’s net sales grew by 20% to ₹146.58 crore, driven by strong demand for its products and strategic pricing initiatives. The company’s net profit also increased by 8% to ₹13.12 crore. The company’s management attributed the growth in net sales and net profit to its successful product launches, expansion of distribution channels, and cost optimization efforts.
Future Plans
IRIS Clothings has announced plans to ramp up its production capacity in FY26. The company aims to produce 38,000 pieces daily, up from its current production capacity of 25,000 pieces daily. This increase in production capacity will enable the company to meet growing demand for its products and improve its supply chain efficiency.
1:1 Bonus Share Issue
In a separate announcement, IRIS Clothings has approved a 1:1 bonus share issue. This means that shareholders will receive one bonus share for every one share they hold. The bonus share issue is aimed at rewarding shareholders and increasing the company’s equity base. The bonus shares will be credited to the demat accounts of shareholders in due course.
Market Reaction
IRIS Clothings’ stock price has reacted positively to the announcement of its Q4 FY25 results and the 1:1 bonus share issue. The company’s stock price has surged by over 10% in the past two trading sessions, making it one of the top gainers on the stock exchanges.
Conclusion
IRIS Clothings’ mixed Q4 FY25 results and the announcement of a 1:1 bonus share issue have sent positive signals to the market. The company’s plans to ramp up production capacity and expand its distribution channels are likely to drive growth in the coming years. The bonus share issue is a reward to shareholders and will increase the company’s equity base. Overall, IRIS Clothings’ recent announcements are likely to boost investor confidence in the company and its stock.
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