Sirca Paints share price surged over 7% during Monday’s trading session after the small-cap company revealed its plans to raise capital. In a filing to the exchange, the company announced that its board of directors will convene on Monday, July 14, to deliberate and approve the raising of funds through the issuance of securities, which may include equity shares or other eligible financial instruments, via one or more public and/or private offerings, including preferential allotments and/or qualified institutional placements.
Sirca Paints share price today opened at an intraday low of ₹390 apiece on the BSE, the stock touched an intraday high of ₹408.95 apiece. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Sirca Paints share price witnessed a strong price and volume breakout in today’s session, confirming a flag continuation pattern.
Bhosale explained that the breakout is accompanied by a bullish gap, which can be identified as a breakaway gap. With this momentum, the uptrend is likely to continue, with the next key resistance seen around ₹425–430, while immediate support is placed at ₹380.
Q4 Results
The company’s operational revenue rose to ₹101.1 crores in Q4 FY25, up from ₹82.63 crores during the same quarter last year. According to the company’s announcement, this marked a significant growth of 22.4% year-over-year. This impressive performance was mainly fueled by an improved product mix and a strategic emphasis on high-value product sales, said the company in an exchange filing.
EBITDA for Q4 FY25 climbed to ₹18.97 crores, compared to ₹16.25 crores in the same quarter last year, showing a healthy year-on-year growth of 16.8%. The EBITDA margin for the quarter was 18.77%, down from 19.66% in Q4 FY24. This minor reduction in margin was largely due to increased competition in the market, prompting the company to roll out more promotions and discounts to support their sales growth. Although this affected margins, it was a calculated strategy to safeguard our market share and encourage revenue expansion, according to the company’s filing.
In terms of net profit, the profit after tax rose to ₹14.16 crores for this quarter, compared to ₹12.51 crores in Q4 FY24, reflecting a year-on-year growth of 13.1% in PAT. For the full year, Sirca achieved a top line of ₹374 crores, indicating a 20% year-on-year growth. However, EBITDA saw a decline of 2%, and PAT amounted to ₹49 crores, down by 4% compared to the previous year.
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