Multibagger returns from its 52-week low of Rs 38.13: This IT-software company reports stellar quarterly results; PAT zooms over 200 per cent
The stock gave multibagger returns of 260 per cent in just 6 months and a whopping 465 per cent in 1 year.
R S Software (India) Limited is predominantly engaged in software development, maintenance, testing, and software project management under client-server and web-based technologies.
The company announced its Quarterly Results (Q1FY25) ended June 30, 2024. Details below:
Result comparison: Q1FY25 vs Q1FY24: The net sales increased by 69.3 per cent from Rs 11.08 crore in Q1FY24 to Rs 18.75 crore in Q1FY25. The operating profit increased by 164.6 per cent from Rs 2.60 crore in Q1FY24 to Rs 6.88 crore in Q1FY25. The net profit skyrocketed by 261.4 per cent from Rs 1.41 crore in Q1FY24 to Rs 5.09 crore in Q1FY25.
In its annual results, the net sales increased by 97.64 per cent to Rs 59.54 crore in FY24 compared to net sales of Rs 30.13 crore in FY23. The company reported a net profit of Rs 18.36 crore in FY24 compared to a net loss of Rs 8.68 crore in FY23, an increase of 311.5 per cent.
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Today, the shares of R S Software (India) Limited plunged 3.35 per cent to Rs 233.70 per share from its previous closing of Rs 241.80. The 52-week high of the stock is Rs 304.70 and the 52-week low of Rs 38.13. The stock gave multibagger returns of over 500 per cent from its 52-week low of Rs 38.13 per share.
R S Software (India) Limited has a market cap of over Rs 600 crore with a 3-year stock price CAGR of 88 per cent. The company is almost debt-free and the current debt of the company is just Rs 1.32 crore which is just 0.2 per cent of its current market cap. The stock gave multibagger returns of 260 per cent in just 6 months and a whopping 465 per cent in 1 year. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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