Gorani Industries Limited updates on Q1FY23 production

Gorani Industries Limited has recorded a production of 29376 units in the first quarter of the financial year 2022-23. This has been the highest production by the company in its First Quarter till date. The production comprised around 24% of range hoods, 60% of gas stoves and l6% of gas geysers.

With the onset of rains, the production of gas geysers is expected to rise and will result in an overall increase in Second Quarter. The expected production for Second Quarter is around 37000 units.

Currently, the company is working on a 40% production capacity, and aims to reach at 70% by Third Quarter of the current financial year. The company has seen an exponential growth in its YOY comparison of First Quarter.

Shares of GORANI INDUSTRIES LTD. was last trading in BSE at Rs. 184.30 as compared to the previous close of Rs. 184.05. The total number of shares traded during the day was 1753 in over 78 trades.

The stock hit an intraday high of Rs. 191.90 and intraday low of 174.85. The net turnover during the day was Rs. 313838.00.

Source : Equity Bulls

Keywords

GORANIINDUSTRIES INE792J01015 Production Q1FY23 GasGeysers RangeHoods GasStoves