131 per cent jump in net profit: Multibagger micro-cap company announces stellar results and dividend; stock up 109 per cent in 1 year!

The stock is up over 1,000 per cent in just 2 years with a 3-year stock price CAGR of 145 per cent.

Baid Finserv Ltd (BSE: 511724, NSE: BAIDFIN), India’s growing MSME loans (LAP) and vehicle loans provider, has approved the unaudited Quarterly Results of the company for the first quarter ended on June 30, 2023.

The Board further recommended a final dividend of Rs 0.10 (i.e., 5 per cent of equity share of Rs 2 each) per share for FY 22-23, subject to the declaration of the same by the members in the ensuing Annual General Meeting (AGM). The company fixed the record date for the final dividend as Thursday, August 31, 2023.

Standalone Financial Performance Comparison - Q1FY24 vs Q1FY23

• Revenue from Operations grew by 29.61 per cent from Rs 12.84 crore in Q1FY23 to Rs 18.24 crore in Q1FY24 primarily driven by an increase in disbursements and recovery from write-offs.
• EBITDA increased by 73.57 per cent from Rs 7.43 crore in Q1FY23 to Rs 12.90 crore in Q1FY24.
• EBITDA margins increased from 53.99 per cent in Q1FY23 to 70.48 per cent in Q1FY24 by 1649 basis points.
• PAT increased by 131.22 per cent from Rs 2.43 crore in Q1FY23 to Rs 5.61 crore in Q1FY24.
• PAT margins increased from 17.62 per cent in Q1FY23 to 30.64 per cent in Q1FY24 by 1302 basis points.

On Monday, shares of Baid Finserv plunged 0.60 per cent to Rs 43 per share from its previous closing of Rs 42.26. The stock traded at an intraday high of Rs 45.64 and an intraday low of Rs 42.04.

The company has a market cap of Rs 520 crore with a 3-year stock price CAGR of 145 per cent. The stock gave multibagger returns of 109.50 per cent in just 1 year and over 1,000 per cent in 2 years.

Investors should keep an eye on this micro-cap NBFC stock.

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