Multibagger penny stock at Rs 4.73 in green with heavy volume on stellar quarterly results (Q1FY25); PAT zooms over 200 per cent

The stock gave multibagger returns of 197.5 per cent in just 1 year and a whopping 1,291 per cent in 5 years.

Today, shares of PMC Fincorp Limited jumped 1.72 per cent to Rs 4.73 per share from its previous closing of Rs 4.65. The stock’s 52-week high is Rs 4.86 and its 52-week low is Rs 1.40. The shares of the company saw a spurt in volume by more than 1.72 times on BSE.

According to Quarterly Results, the net sales increased by 196.8 per cent to Rs 8.05 crore, the operating profit increased by 229.1 per cent to Rs 7.53 crore and the net profit increased by 218.4 per cent to Rs 5.86 crore in Q1FY25 compared to Q1FY24. In its annual results, the net sales increased by 67.4 per cent to Rs 15.58 crore in FY24 compared to Rs 9.31 per cent in FY23. The company reported a net profit of Rs 11.35 crore in FY24 compared to a net loss of Rs 6.36 crore in FY23, an increase of 278.5 per cent.

PMC Fincorp Ltd was founded in 1985 with the goal of providing financial services. Its activities include corporate and personal finance, debt syndication, private placement and marketing of financial products and dealing & investing in the stock market.

The promoters of the company own 20.03 per cent and the public owns 79.97 per cent as of June 2024. PMC Fincorp has a market cap of Rs 252 crore and has delivered good profit growth of 48.2 per cent CAGR over the last 5 years. The stock gave multibagger returns of 197.5 per cent in just 1 year and a whopping 1,291 per cent in 5 years. Investors should keep an eye on this micro-cap stock.

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

Also Read: 1:2 bonus share FY24 and FIIs bought 11,39,690 shares & PAT zooms over 400 per cent in Q1FY25: Multibagger penny stock at Rs 50 to keep under the radar!