168 per cent returns: This small-cap company reports robust Q1FY24 results; know more here!
On Friday, shares of the company surged by more than 10 per cent and reached its 52-week high of Rs 217.70
D.B. Corp Ltd operates in various business sectors, which include newspaper publishing, radio broadcasting, integrated internet, and mobile interactive services, as well as event management. Among its prominent brands are Dainik Bhaskar (Hindi daily), Divya Bhaskar and Saurashtra Samachar (Gujarat daily) and Divya Marathi (Marathi daily).
On July 20, 2023, DB Corp announced their stellar Q1FY24 results in which total sales of the company surged by 12 per cent and stood at Rs 554 crore as against to 494 crore in Q1FY23 while operating profit of the company surged by 70.5 per cent to Rs 116 crore as compared to 68 crore in Q1FY23. Similarly, net profit of the company grew by 154 per cent and stood at Rs 79 crore as compared 31 crore in Q1FY23.
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The company has delivered exceptional returns of 154 per cent over the past year and stellar returns of 168 per cent over the past 3 years. Additionally, the company has a ROCE of 11.8 per cent and a ROE of 8.83 per cent. Moreover, the company has a heathy dividend payout ratio of 54.1 per cent.
On Friday, shares of the company surged by more than 10 per cent and reached its 52-week high of Rs 217.70
Investors should keep a close eye on this trending stock.
Disclaimer: The article is for informational purposes only and not investment advice.