Multibagger penny stock below Rs 50 with Rs 921.4 crore order book: This small-cap company reports a 149 per cent jump in net profit!

The stock gave multibagger returns of 230 per cent in just 1 year, 680 per cent in 2 years and a whopping 6,160 per cent in 3 years.

Lloyds Engineering Works Limited (formerly known as Lloyds Steels Industries Limited), a leading provider of engineering solutions, announced its Quarterly Results and half-yearly results for the fiscal year 2024. Here are the details:

Quarterly Results: In the second quarter of fiscal year 2024 (Q2FY24), the company's net sales, operating profit, and net profit all increased significantly compared to the same period in fiscal year 2023 (Q2FY23). The net sales increased by 311.68 per cent to Rs 121.78 crore, operating profit increased by 174.95 per cent to Rs 25.32 crore and net profit increased by 148.84 per cent to Rs 18.79 crore in Q2FY24 compared to Q2FY23.

Half-yearly Results: In the first half of fiscal year 2024 (H1FY24), the company's net sales, operating profit, and net profit all increased significantly compared to the same period in fiscal year 2023 (H1FY23). Net sales increased by 192.33 per cent to Rs 234.98 crore, operating profit increased by 82.36 per cent to Rs 41.83 crore, and net profit increased by 79.43 per cent to Rs 31.63 crore.

Earlier, the company partnered with TB Global Technologies Ltd (TBG), a Japanese company that specializes in supplying equipment for the oil and gas sector. This partnership will allow LEWL to manufacture, sell, and maintain TBG products in India. TBG is a leading supplier of loading arms and swivel joints, which are essential products in the oil and gas industry. This collaboration will expand LEWL's product portfolio and bolster its position in the Indian market.

Lloyds Steels Industries is primarily engaged in the design, manufacturing, and commissioning of heavy equipment, machinery & systems for the hydrocarbon sector, oil & gas, steel plants, power plants, nuclear plant boilers, and turnkey projects.

On Monday, shares of Lloyds Steels Industries were locked in a 5 per cent low circuit to Rs 46.34 per share with an intraday high of Rs 50.90 and an intraday low of Rs 46.34.

The stock gave multibagger returns of 230 per cent in just 1 year, 680 per cent in 2 years and a whopping 6,160 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.

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