Calcom Vision Ltd - Q1FY24 Business Update

Calcom Vision Limited has achieved the quarterly sales of INR 33.08 Cr. The Q1FY24 sales increased by 10% as compared to the corresponding Quarter of the previous year.

During this quarter there have been major technological shift in LED bulbs. The earlier LED Bulb designs were 'Driver-based LED bulbs' that have become 'Driver on Board (DOB) LED bulbs.' As a result, there has been a downward pricing impact on the turnover, estimated at around 35%.

During this quarter, the company also secured an investment of INR 10.23 Cr to fund its future business requirements through the Issuance of Equity Shares to individuals in the Non-Promoter category and Warrants to both the Promoter and Non-Promoter categories.

The company also received listing approval from the BSE for the listing of preferential shares.

Shares of CALCOM VISION LTD. was last trading in BSE at Rs. 171.90 as compared to the previous close of Rs. 168.50. The total number of shares traded during the day was 6424 in over 122 trades.

The stock hit an intraday high of Rs. 174.90 and intraday low of 168.25. The net turnover during the day was Rs. 1102434.00.

Source : Equity Bulls

Keywords

CALCOMVISION INE216C01010 ConsumerElectronics KeyUpdates Q1FY24