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

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

Corporate Action History

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 Highlights

For the quarter ended 30th September 2024, Padam Cotton saw a remarkable turnaround in its financial performance compared to the same quarter in 2023. Total income surged to ₹434.36 lakhs from ₹6.79 lakhs, driven mainly by a significant increase in other income.

While expenses rose to ₹14.23 lakhs from ₹5.65 lakhs, largely due to higher employee benefit costs, the company managed to report a profit after tax (PAT) of ₹324.30 lakhs, recovering from a loss of ₹1.30 lakhs in Q2FY24.

Current tax expenses for the quarter were ₹95.83 lakhs, a contrast to no tax expenses in Q2FY24. Overall, Padam Cotton demonstrated strong growth in revenue and profitability, highlighting a successful recovery and improvement in its financial performance.

About Padam Cotton Yarns

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. PCYL is committed to excellence in its operations, emphasising superior product quality, technological innovation, and customer satisfaction.

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