Padam Cotton Shares Bonus Issue Record Date Today, January 8, 2025

Padam Cotton Yarns declared a 1:1 bonus issue, with the record date set for today, January 8, 2025. The announcement was made on November 27, 2024, and the ex-date is also scheduled for January 8, 2025.

Past Corporate Actions

On October 30, 2024, Padam Cotton Yarns Limited announced an interim dividend of ₹1 per share for its shareholders. The ex-dividend date for this distribution was set for November 27, 2024.

Q2 FY25 Financial Overview

For the quarter ending 30th September 2024, Padam Cotton experienced a remarkable recovery in its financial performance compared to the same period in 2023. Total income soared to ₹434.36 lakhs, up from ₹6.79 lakhs, primarily driven by a significant rise in other income.

Although expenses increased to ₹14.23 lakhs from ₹5.65 lakhs, mainly due to higher employee benefit costs, the company successfully posted a profit after tax (PAT) of ₹324.30 lakhs, a sharp turnaround from a loss of ₹1.30 lakhs in Q2FY24.

Current tax expenses for the quarter stood at ₹95.83 lakhs, in contrast to no tax expense in Q2FY24. Overall, Padam Cotton showed strong growth in both revenue and profitability, reflecting a successful recovery and an improvement in its financial results.

Padam Cotton Yarns at a Glance

Padam Cotton Yarns Limited (PCYL) is a public limited company, the company is focused on manufacturing high-quality products to offer competitive advantages to its customers. Although commercial production has not yet commenced, PCYL is committed to excellence in its operations, emphasising superior product quality, technological innovation, and customer satisfaction.

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