Under Rs 250: Multibagger Fintech Company Expands into Solar Energy Sector: Plans to Manufacture, Import, and Export Solar Products!
The company’s shares have delivered a multibagger return of over 155 per cent in the past 1 year only.
Incorporated in 2009, MOS Utility Ltd is a fintech company that offers a Unified Open API and Wallet platform. The company provides a comprehensive platform for agents to facilitate various services, including instant digital money transfers to bank accounts, AEPS, micro-ATM transactions, NSDL kiosk operations, flight and hotel bookings, mobile and DTH recharges, utility bill payments, insurance premium sales, travel bookings, 2-wheeler and health insurance, CMS, courier services, and Mera Adhikar services.
MOS Utility Ltd known for providing diverse fintech and utility payment solutions, has announced a strategic expansion into the solar energy sector. This expansion will enable the company to manufacture, import, export, and deal in a wide range of solar products, including PV modules, cells, batteries, and associated equipment.
This move reflects the company’s commitment to diversifying its portfolio and tapping into the growing demand for sustainable energy solutions. By entering the solar market, the company aims to create new revenue streams, enhance its competitive edge, and contribute to its long-term growth and profitability.
On Friday shares of MOS Utility Ltd closed at around Rs 212 per share. The company’s current market capitalization stands at Rs 528.63 crore. Additionally, the shares have delivered a multibagger return of over 155 per cent in just 1 year.
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As per the Quarterly Results, in Q4 FY24, MOS Utility Ltd recorded a revenue of Rs 91 crore. The operating profit for Q4 FY24 stood at Rs 6 crore along with an operating profit margin of 7 per cent. The net profit for Q4 FY24 stood at Rs 5 crore compared to Rs 6 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 175 crore in FY24. The operating profit for FY24 was Rs 10 crore with a net profit of Rs 10 crore compared to a net profit of Rs 6 crore in FY23.
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Disclaimer: The article is for informational purposes only and not investment advice.