KG Denim, Himalya International, JK Paper soar 5-20% post Q1 nos

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26 Aug, 2025 12:21

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KG Denim & Himalya International rallied 20 percent each and JK Paper gained 5 percent after first quarter earnings. However, Rane Engine Valve and Eimco Elecon fell 5 percent each intraday Tuesday.

Denim and apparel fabric manufacturer KG Denim has reported a solid 481 percent growth in profit at Rs 9.3 crore on strong operational performance and low cotton prices & energy cost, though revenue declined 3.3 percent at Rs 154.4 crore on yearly basis.

Food processing company Himalya International has widened its losses during the quarter to Rs 0.4 crore from Rs 3.5 crore in year-ago period, backed by healthy growth in operational performance. Its revenue grew by 15.1 percent to Rs 28.9 crore on annual basis.

Paper companies have been posting good growth in June quarter earnings. After its peer Seshasayee Paper (which added another 16 percent following 20 percent rally in previous session), JK Paper also reported a healthy 82.6 percent growth in profit at Rs 26.6 crore despite slow growth in revenue that increased 3.6 percent at Rs 606.5 crore on year-on-year basis.

However, auto component manufacturer Rane Engine Valve has posted a loss of Rs 2.6 crore in the quarter ended June 2016 compared with profit of Rs 15.1 crore in corresponding period of last fiscal despite strong operational growth.

Mining and construction equipment manufacturer Eimco Elecon has reported a solid 33.3 percent growth in profit at Rs 2 crore (led by other income) and 21.7 percent in revenue at Rs 33.6 crore but operating profit fell 36.4 percent and margin contracted by 380 basis points compared with year-ago period.

At 09:50 hours IST, the scrip of KG Denim was quoting at Rs 103.90, up 13.61 percent after hitting a 52-week high of Rs 109.70. Himalya International was at Rs 10.49, up 14.77 percent on the Bombay Stock Exchange.

JK Paper also touched a 52-week high of Rs 64.75, which was quoting at Rs 62.80, up 2.03 percent while Rane Engine Valves was 3.4 percent at Rs 495 and Eimco Elecon was at Rs 447.60, down 5 percent.Posted by Sunil Shankar Matkar