Net profit of Shish Industries rose 64.78% to Rs 2.62 crore in the quarter ended June 2024 as against Rs 1.59 crore during the previous quarter ended June 2023. Sales rose 31.01% to Rs 23.07 crore in the quarter ended June 2024 as against Rs 17.61 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales23.0717.61 31 OPM %16.958.23 - PBDT4.172.35 77 PBT3.442.06 67 NP2.621.59 65 Powered by Capital Market - Live News

Shish Industries will hold a meeting of the Board of Directors of the Company on 17 July 2024.Powered by Capital Market - Live News

The Board of Shish Industries at its meeting held on 07 May 2024 has approved the allotment of 5,66,520 equity shares of face value Rs 10.00 each, for cash, at a price of Rs 120.05 per equity share (including a premium of Rupees 110.05 per equity share), aggregating to Rs 6.80 crore by way of a preferential issue to the allottees as approved by the Members of the Company.Consequent to above mentioned allotment, the issued, subscribed and paid-up equity share capital of the Company stands increased to Rupees 35,57,36,690.00 divided into 35573669equity shares of face value Rupees 10.00 each from Rupees 35,00,71,490.00 divided into 35007149 equity shares of face value Rupees 10.00 each. Powered by Capital Market - Live News

Shish Industries(SIL) announced the signing of a significant long-term commercial trade agreement, with the USA based entity Best Construction Products Inc. (BCP). This agreement brings together SIL, a leading company specialising in the production and supply of Construction, Packaging & Thermal Insulation related Products, and BCP, a distinguished entity in the United States engaged in quality construction materials. Under the terms of the agreement, SIL will supply a variety of agreed products crucial for construction purposes to BCP over a period of 5 years amounting to minimum USD 37.5 millions (approx. Rs. 312 crores present value). The parties have agreed on dynamic pricing based on raw material pricings, actual freight charges, quality assurance and more. The agreement also outlines the minimum commitment purchase by BCP year on year and compensation of 3% for any shortage in that, given as advance deposit to SIL.Powered by Capital Market - Live News

Net profit of Shish Industries rose 31.33% to Rs 3.06 crore in the quarter ended March 2024 as against Rs 2.33 crore during the previous quarter ended March 2023. Sales rose 24.63% to Rs 23.33 crore in the quarter ended March 2024 as against Rs 18.72 crore during the previous quarter ended March 2023.For the full year,net profit rose 17.99% to Rs 8.00 crore in the year ended March 2024 as against Rs 6.78 crore during the previous year ended March 2023. Sales rose 25.09% to Rs 85.74 crore in the year ended March 2024 as against Rs 68.54 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales23.3318.72 25 85.7468.54 25 OPM %20.1919.60 -12.6913.10 - PBDT4.993.09 61 12.5710.26 23 PBT4.522.75 64 11.148.98 24 NP3.062.33 31 8.006.78 18 Powered by Capital Market - Live News