Microcap Company Secures Order Worth Rs 11.55 Crore for Supply of AI, Drones & Robotics Material + Installation – Net Profit Surges by 460 per cent in FY24!

The company’s shares have delivered an impressive return of around 110 per cent to its shareholders.

This micro-cap company established in December 2022, engaged in providing IT hardware solutions. The company sells and rents a range of IT equipment, including laptops, desktops, servers, and workstations. Additionally, it offers IT solution services to corporate clients, such as managing cloud servers and servicing IT equipment.

Slone Infosystems Limited has secured an order worth Rs 11.55 crore plus GST for the supply and installation of materials for ICT labs, including AI, drones, and robotics equipment. The order is to be executed with delivery scheduled within 3 to 4 working days.

Today the shares Slone Infosystems Limited closed at around Rs 167 per share. The company’s current market capitalization stands at Rs 87.99 crore. The stock has delivered a multibagger return of over 110 per cent compared to its IPO issue price of Rs 79 each.

As per the Quarterly Results, in the fourth quarter of FY24, Slone Infosystems Limited recorded a revenue of Rs 40.45 crore. The operating profit for Q4 FY24 stood at Rs 3.30 crore. The net profit for Q4 FY24 was Rs 2.06 crore. Looking at the annual performance, the company generated a revenue of Rs 60.69 crore in FY24, compared to Rs 30.22 crore in FY23. The operating profit for FY24 was Rs 6.49 crore with a net profit of Rs 4.19 crore compared to a profit of Rs 0.75 crore in FY23 representing a gain of around 460 per cent YoY.

According to the shareholding pattern, promoters own 73.01 per cent, and public investors own a 26.48 per cent. FIIs and DIIs own 0.46 per cent and 0.06 per cent stake in the company.

Investors must keep this stock on their radar.

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