New Delhi, Nov. 12 -- Shares of penny stock Gujarat Toolroom reached the 2 per cent upper circuit of Rs.12.16 for the second consecutive session on Tuesday, November 12, following robust quarterly results for the period ended September 2024 (Q2FY25).

The company's net profit surged significantly to Rs.26.78 crore in Q2FY25, compared to Rs.2.4 crore in the same quarter of the previous year, and showed an 18 per cent sequential growth from Rs.22.73 crore in the June quarter. Total income for the quarter rose 73 per cent year-on-year (YoY) to Rs.271 crore, up from Rs.156.7 crore in the corresponding period last year, with a marginal sequential increase of 2.5 per cent from Rs.264.35 crore in the June quarter.

For the first half of FY25 (H1...