Bombay Burmah Trading Corp stock leaps 7% to new peak on strong Q1 results

Bombay Burmah Trading Corporation is a multi-product and multi-divisional organisation with diverse business interests - tea plantations, auto electric components, healthcare and real estate.

Shares of the Bombay Burmah Trading Corporation jumped around 8 percent to touch a fresh record high of Rs 2,412 apiece on NSE, a day after the company reported a good set of numbers for the quarter ended June 30, 2024.

It reported a net profit of Rs 222.29 crore in Q1FY25, a significant turnaround from the net loss of Rs 156.17 crore in the same quarter of the previous year.

The company's sales saw a 4.13 percent increase, rising to Rs 4,212.25 crore in June 2024 from Rs 4,045.30 crore in the same quarter a year ago.

Bombay Burmah Trading Corporation is a multi-product and multi-divisional organisation with diverse business interests - tea plantations, auto electric components, healthcare and real estate.

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Along with the Q1FY25 financial results, the Board of Directors of Bombay Burmah Trading Corporation also approved the appointment of Keki Manchersha Elavia as an Additional Director in the category of Non-Executive Independent Director.

Elavia has been appointed for a term of five years with effect from August 8, 2024, subject to the approval of the Members of the Corporation through Postal Ballot.

The company notified several other management changes. N H Datanwala, the Chief Financial Officer has retired from the post of CFO due to his
advancing age and health issues. He will be succeeded by Lalita Rajesh, the company said in a regulatory filing.

At 11:54 am, Bombay Burmah Trading Corp shares were trading 6.8 percent higher at Rs 2,396.85 apiece on the National Stock Exchange (NSE). So far this year, the stock has zoomed 58 percent, beating benchmark Nifty's returns of around 12 percent.

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