Linc Fixes December 20 As Record Date For Stock Split And Bonus Issue

Linc Ltd., founded in 1976 by Mr. Soorajmal Jalan, is based in Kolkata, West Bengal. Under the guidance of Managing Director Mr Deepak Jalan, the company has broadened its reach to over 50 nations, including areas such as Southeast Asia, the Middle East, the USA, the UK, Europe, South America, Africa, Russia, and the CIS countries.

Linc Ltd. Has Announced a 2-For-1 Stock Split

Linc Ltd. has announced a 1:1 bonus and a 2:1 stock split as part of its equity structure enhancement. On October 29, the company approved the division of its shares and the issuance of bonus shares to enhance liquidity and provide rewards to its shareholders. The record date for this initiative was revealed in an exchange filing dated December 7, 2024.

According to the filing, the board has set December 20, 2024, as the record date for the stock split. Each share, which currently has a face value of ₹10, will be split into two shares with a face value of ₹5 each, both fully paid up.

Linc Ltd.’s Share Price Update

On December 9, 2024, Linc Ltd.’s share price is trading at ₹660 at 9:25 am, a slight decrease of 0.11%. Year to date, the stock has fallen 5%, reflecting current market trends.

Long-term investors have seen considerable gains, with the stock producing an impressive 177% return over the past five years. Initially listed on the National Stock Exchange in December 2021 at ₹229, the stock has consistently appreciated, achieving a 52-week peak of ₹768 and a trough of ₹463.

Linc Ltd. Q2 FY25 Results

Linc Ltd. has reported robust financial results for the July to September quarter of FY2024-25. The company generated a revenue of ₹137.28 crore, reflecting a year-on-year growth of 4.62%. The net income for this quarter amounted to ₹8.79 crore, which is a 14.03% increase from the previous year.

During the September 2024 quarter, net sales rose to ₹134.64 crore, which is a 2.61% increase from ₹131.22 crore in the same quarter of the previous year. Furthermore, net profit increased to ₹8.78 crore in Q2 FY 2024-25, up from ₹7.71 crore in Q2 FY 2023-24, representing a notable year-on-year growth of 13.91%. In addition, the company’s EBITDA rose by 9.86%, reaching ₹15.94 crore.

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