Welcome to a new blog post, here we’ll discuss Axita Cotton Share Price Target 2024,2025,2026,2027,2030, and full information about its business fundamentals, market in which the company deals, and its product.
Knowing more about the company’s management, financials, key ratios, and market trends is necessary.
It is also more important to deeply analyze its product demand, growth prospects, plans, and client base.
In this, article we’ll talk about business growth possibilities, strengths, weaknesses, and opportunities that a company captures to increase its revenue.
Let’s understand all the must-know facts about Axita Cotton’s share price target 2024,2025,2026,2027 and 2030.
About Axita Cotton
Here are some known and unknown facts about Axita Cotton.
Axita Cotton is one of India’s leading manufacturers and traders of cotton bales.
The company produces various types of cotton bales such as Shankar-6, S-6, V-797, MCU-5, DCH-7, and J-34.
It also manufactures specialized BCI cotton, Organic cotton, Sustainable cotton, and Primark.
It is primarily involved in trading cotton bales, kapas, and cotton seeds globally.
The presence of the company is majorly in India as well as internationally. The company sells its products in the states of Madhya Pradesh, Rajasthan, Maharashtra, and Gujarat, and Internationally in China, Indonesia, Bangladesh, Pakistan, and Thailand.
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Axita Cotton Financial
Axita Cotton announces standalone staler quarterly result. Sales of the company in Q2 FY24 at Rs 388.78 crore which grew by 324.23 per cent compared to Rs 91.64 crore in Q2 FY23.
In the same period, net profit surged 183.97 percent to Rs 6.51 crore from Rs 2.29 crore in Q2 FY23.
The company’s EPS has decreased from 1.17 in Q2 FY23 to 0.33 in Q2 FY24.
EBITDA of the company increased by 152.89 per cent to Rs 9.18 crore in Q2 FY24 compared to Rs 3.63 crore in the same quarter a year ago.
| Particulars | FY24 | FY23 |
|---|---|---|
| Sales of the company | 388.78 | 91.64 |
| EBITDA | 9.18 | 3.63 |
| Net Profit | 6.51 | 2.29 |
| EPS | 0.33 | 1.17 |