Elcid Investments reported a consolidated net profit of ₹47.37 crore for the December quarter, marking a sharp turnaround from a loss of ₹7 crore posted in the same period last year. The company's revenue from operations during the reporting quarter stood at ₹61.37 crore, compared with a loss of ₹5.25 crore in the same period last year. According to reports from Stock Market News, this represents a significant improvement from the preceding September quarter, when the company had reported revenue of ₹43.98 crore and a net profit of ₹32 crore.
Elcid Investments Ltd is a Mumbai-based, RBI-registered Core Investment Company (CIC) and NBFC, known for holding a massive long-term stake in Asian Paints. The company operates primarily as a holding company with subsidiaries Murahar Investments & Trading Co. Ltd. and Suptaswar Investments & Trading Co. Ltd. As reported by Stock Market News, the company made headlines in late 2024 after its relisting, which followed an extraordinary 6,685,452% rise in its stock price. The surge was a result of a special call auction mechanism introduced by the Bombay Stock Exchange (BSE), aimed at enabling price discovery for select investment holding companies.
Elcid Investments stock has fallen over 65% from its record high in November 2025. The company made headlines in late 2024 after its relisting, which followed an extraordinary 6,685,452% rise in its stock price. The auction pushed the stock price to a staggering ₹236,250 per share, and the stock went on to hit a new record high of ₹332,399 apiece in November 2024, emerging as the most expensive stock on Dalal Street. However, the stock has since experienced a sharp correction, falling by 65% from its peak to its current price of ₹115,670 per share. Although it remains among the most expensive stocks, it is priced just below MRF, which currently trades at ₹134,935 per share.
According to market reports, Elcid Investments has not announced any Bonus Issue since 2018. The company has not issued bonus shares in recent periods, and there are no upcoming bonus share announcements currently reported in market data.
