Stellar results: This micro-cap stock reports a 1040 per cent jump in net profit!

Shares of the company saw a spurt in volume by more than 2.06 times on BSE.

Krishnaveer Forge Ltd has reported a 1041.52 per cent rise in net profit for Q4FY23 at Rs 1.61 crore as compared to a loss of Rs 17 lakh in the previous quarter same year and a rise of 13.70 per cent YoY. The PBIDT excluding other income of the company increased by 509.74 per cent to Rs 2.57 crore as compared to Rs 0.42 crore in the previous quarter same year.  

For the year ended March 31, 2023, the net sale of the company increased by 20.36 per cent to Rs 80.91 crore as compared to Rs 67.22 in the previous year. The total income of the company increased by 19.65 per cent to Rs 81.52 crore as compared to Rs 68.13 crore in the previous year.  

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The shares of this company are currently trading at Rs 43.29, up by 5.09 points or 13.32 per cent from its previous closing of Rs 38.20 on the BSE. The scrip opened at Rs 43.35 and touched a high and low of Rs 43.35 and Rs 41.44 respectively. So far 2,279 shares were traded on the counter.  

Today, shares of the company saw a spurt in volume by more than 2.06 times on BSE. The company is having an ROE of 4.77 per cent and a ROCE of 8.04 per cent. Investors should keep this stock under their watchlist.