1,775 per cent returns: This multibagger stock announces stellar half-yearly results with a 124 per cent jump in net profit after Rs 539 crore orders!

The shares of the company have an ROE of 27.5 per cent and an ROCE of 33.6 per cent.

Kotyark Industries Limited, India’s only pure-play listed biodiesel company; and Yamuna Bio Energy Private Limited, has announced its stellar half-yearly results for the fiscal year 2024. Here are the details:

• Revenue from Operations stood at Rs 12,396.68 lakh in H1FY24 compared to Rs 4,842.55 lakhs in H1FY23 and Rs 6,513.68 lakhs in H2FY23, an increase of 156 per cent YoY and an increase of 90 per cent sequentially.
• EBITDA (excluding Other Income) stood at Rs 1,572.67 lakh in H1FY24, an increase of 145 per cent YoY and 38 per cent sequentially.
• EBITDA margins stood at 12.7 per cent in H1FY24, a decrease of 59 BPS YoY and 485 BPS sequentially.
• PAT stood at Rs 935.41 Lakhs in H1FY24 compared to Rs 728.58 lakhs in H2FY23 and Rs 418.04 lakhs in H1FY23, an increase of 124 per cent YoY and an increase of 28 per cent sequentially.

Earlier, the company have announced receipt of an allocation sheet against the tenders for procurement of biodiesel filed by both the companies in September 2023. The companies have received partial allocation sheets with a cumulative procurement quantity of 66,234 KL from OMCs [Indian Oil Corporation Limited (IOC), Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL)] worth Rs 539 crore.

On Friday, shares of Kotyark Industries Ltd gained 0.35 per cent to Rs 808 per share with an intraday high of Rs 820 per share and an intraday low of Rs 800 per share. The stock’s 52-week high is Rs 950 per share and its 52-week low is Rs 261.75 per share.

Kotyark Industries Limited, incorporated in 2016, is engaged in the manufacturing of biodiesel and its by-products, and is one of the key players across the state of Rajasthan in India. The Company focuses on green energy and sustainable development of renewable resources (biofuel) through the adoption of environmentally friendly technology. It’s manufacturing unit at Swaroopganj, District Sirohi, RICCO, Rajasthan has a capacity of producing 500 KL of biodiesel per day from multi feedstock.

The shares of the company have an ROE of 27.5 per cent and an ROCE of 33.6 per cent. The stock gave multibagger returns of over 1,775 per cent in just 3 years. Investors should keep an eye on this stock.

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