52-week high alert: This micro-cap industrial product company reports a 488.89 per cent jump in net profit!
Shares of the company grew by more than 40 per cent in the last one month.
Innovators Facade Systems Limited experienced a strong in its financial performance, specifically PAT and PBT. In H2FY23, the company reported a profit of Rs 7.26 crore. In H2FY23, the revenue of the company reached Rs 109.10 crore which grew by 84.3 per cent YoY. The company’s operating profit surged by 69.05 per cent staying at Rs 11.38 crore, while the PAT of the company stood at Rs 7.26 crore, with an increase of 488.09 per cent.
The market reacted to the news positively and shares of Innovators Facade Systems Limited made a fresh 52-week high at Rs 131.58 on Friday.
Innovators Facade Systems Limited (IFSL), is an Aluminium Facade contractor for designing, engineering, fabrication and installation of all types of facade systems. The product line of the company includes glazing, curtain walls, high-end doors and windows, skylights, canopies, louvre, stone cladding, metal cladding and roofing.
On Friday, the stock opened at Rs 126.00, with a high and low of Rs 131.58 and Rs 115.05. The stock previously closed at Rs 119.52. On Friday, the stock closed at Rs 121.88, up by 1.89 per cent.
Overall, the financial performance of the company showed excellent growth and demonstrated improvement in profit margins, indicating better operational efficiency, and investors should keep a close eye on this stock.
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