600 per cent jump in net profit: Multibagger penny stock under Rs 15 hit upper circuit on stellar quarterly results!

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600 per cent jump in net profit: Multibagger penny stock under Rs 15 hit upper circuit on stellar quarterly results!

Incorporated in 1985, the company is a provider of services viz. money changing, forex, travel and share broking. The company has a market cap of Rs 25.61 crore with a 3-year CAGR of 46 per cent. The promoters of the company own a 74.90 per cent stake while the rest 25.10 per cent stake is owned by the general public.

India Cements Capital Ltd, a leading NBFC company in India announced its Quarterly Results which ended June 30, 2023. Details below:

Financial Highlights for the Q1FY24: 

  • Total Revenue stood at Rs 1.81 crore, up 97.27 per cent over Q1FY23. 
  • EBITDA stood at Rs 0.79 crore, up 540.32 per cent over Q1FY23.  
  • Profit After Tax of Rs 0.57 crore, up 612.50 per cent over Q1FY23.  
  • The EPS for Q1FY24 is Rs 0.26.  

Financial Highlights for FY23:  

  • Total Revenue of Rs 4.53 crore, up 80.13 per cent over FY22.  
  • EBITDA of Rs 0.98 crore, up 108.03 per cent over FY22.
  • Profit After Tax of Rs 0.72 crore, up 193.88 per cent over FY22.
  • The EPS for FY23 is Rs 0.34.

Incorporated in 1985, India Cements Capital Ltd is a provider of services viz. money changing, forex, travel and share broking. The company has a market cap of Rs 25.61 crore with a 3-year CAGR of 46 per cent. The promoters of the company own a 74.90 per cent stake while the rest 25.10 per cent stake is owned by the general public.

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On Tuesday, shares of India Cements Capital zoomed 5 per cent upper circuit to Rs 11.80 per share from its previous closing of Rs 11.24. The shares of the company saw a spurt in volume by more than 3.40 times on BSE.

The stock gave multibagger returns of 210 per cent in 3 years and over 450 per cent in 1 decade. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.