1:10 Stock Split Done; Rs 2,945 Energy Stock Is Sub-Divided Into Ten Shares; Check New Price

1:10 Stock Split Done; Rs 2,945 Energy Stock Is Sub-Divided Into Ten Shares; Check New Price

Power generating company, Insolation Energy has split for the first time on January 24. The stock which once traded near Rs 2,945 levels is now below Rs 300 price zone, due to its 1:10 sub-division. Insolation is a smallcap, listed on BSE. The stock ended lower on its ex-date.

Insolation Energy Stock Split:

The energy company turned ex-date for its stock split of 1:10 ratio, which meant, sub-division of 1 (One) Equity Share having face value of Rs. 10/- (Rupees Ten only) each fully paid-up, into 10 (Ten) Equity shares of the company having face value of Rs. 1/ (Rupee One only) each fully paid-up

The reason behind the stock split is to enhance the liquidity of the Company’s equity shares and to widen shareholder base by making equity shares more affordable to retail investors, as per the filing.

In the half yearly ended September 2024 (H1FY25) period, the company posted a Revenue of Rs. 612.69 Crores, a substantial increase of 118% YOY basis. While its EBITDA saw a remarkable growth of 172%, rising to Rs. 81 Crores from Rs. 29.75 Crores YOY basis. Further, the company’s net profit after tax experienced an extraordinary increase of 307.53%, soaring to Rs. 61.27 Crores from Rs. 15.03 Crores YOY basis. Consequently, the Earnings Per Share (EPS) also surged by from 7.22 to 29.41.

About Insolation Energy:

Insolation Energy Ltd, INA, is a pre-eminent national solar energy provider and a significant contributor in the Solar EPC domain. A BSE SME Listed Company, we have innovated, developed, engineered and connected more than 500 MW+ of Solar PV Modules, changing India’s energy-scape with cutting-edge technologies.

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Original news source Credit: www.goodreturns.in

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