Turnaround story in this multibagger penny stock at Rs 20.64: This micro-cap company reports a 2,522 per cent jump in net profit to Rs 5.57 crore
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 10 per share.
Today, one of the Top Gainers on BSE, shares of LKP Securities Ltd hit a 5 per cent upper circuit to Rs 20.64 per share from its previous closing of Rs 19.66. The stock’s 52-week high is Rs 25 while its 52-week low is Rs 10.
Standalone Results: According to Quarterly Results, the net sales increased by 91.8 per cent to Rs 32.43 crore in Q4FY24 compared to Rs 16.91 crore in Q4FY23. The company reported a turnaround net profit of Rs 5.67 crore in Q4FY24 compared to a net loss of Rs 0.45 crore in Q4FY23, increasing by 1,360 per cent. In its annual results, the net sales increased by 25 per cent to Rs 96.18 crore and net profit increased by 200.6 per cent to Rs 9.50 crore in FY24 compared to FY23.
Consolidated Results: According to quarterly results, the net sales increased by 88.6 per cent to Rs 32.78 crore in Q4FY24 compared to Rs 17.38 crore in Q4FY23. The company reported a turnaround net profit of Rs 5.57 crore in Q4FY24 compared to a net loss of Rs 0.23 crore in Q4FY23, increasing by 2,522 per cent. In its annual results, the net sales increased by 24.4 per cent to Rs 97.35 crore and net profit increased by 154.7 per cent to Rs 9.50 crore in FY24 compared to FY23.
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LKP Securities Ltd, established in 1948, is a financial services company offering stock and securities broking along with other financial products. They provide research-based equity advisory and trading services like equities, debt, structured products, portfolio management services, and third-party distribution to a wide range of clients including individuals, corporations, and retail investors. The company boasts a broad reach across India with a presence in over 150 cities.
The company has a market cap of Rs 163.44 crore with a PE of 17.2x, an ROE of 13 per cent and an ROCE of 20 per cent. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 10 per share.
Disclaimer: The article is for informational purposes only and not investment advice.
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