Famous beauty brand Nykaa is preparing to give bonus shares to its shareholders.
The decision will be taken after considering this in the board meeting to be held on October 3.
The company’s consolidated net profit in the June quarter grew 42.24 per cent to Rs 5.01 crore.
New Delhi. Nykaa, a famous brand that makes beauty and cosmetic products, is considering giving share bonus to its shareholders. In a communication to the exchanges on Wednesday 28 September, Nykaa’s parent company, FSN E-Commerce Ventures, said that its board of directors would meet on 3 October. In this, the decision will be taken after considering giving bonus shares to the shareholders of the company.
Bonus shares are issued to the existing shareholders of a company. These are fully paid additional equity shares. Under the bonus share, the company gives additional shares to its investors in a fixed proportion. The Board of Directors of the company can take approval from the shareholders for issue of bonus shares through various means including postal ballot.
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Nykaa’s performance in the stock market
Shares of Nykaa have seen a fall of about 5 per cent in the last one month. At the same time, since the beginning of this year, the price of the shares of this company has decreased by about 38.74 percent. The total market capitalization of the company is 60.63 thousand crores.
Investors showed great interest in IPO
Nykaa had brought its IPO in October last year, through which the company had received an investment of about Rs 5,350. In the IPO, the company had issued shares to the investors at the rate of Rs 1,125. These shares were listed at a price of more than Rs.2000 with a great premium. Investors showed great interest in Nykaa’s IPO, it was subscribed 82 times. But Nykaa’s shares have fallen by about 45 per cent in the same period of the year.
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Net profit of the company increased by 42.24%
FSN E-commerce Ventures operates under the brand name of Nykaa. The consolidated net profit of this company in the June quarter increased by 42.24 percent to Rs 5.01 crore. At the same time, the company’s net profit in the same quarter of the last financial year was Rs 3.52 crore. At the same time, the company’s consolidated revenue grew 40.56 per cent year-on-year to Rs 1,148.4 crore in the June quarter as against Rs 816.991 crore in the corresponding quarter of the previous financial year.
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FIRST PUBLISHED : September 29, 2022, 10:58 IST