Multibagger penny stock under Rs 15: Shares of this micro-cap company hit upper circuit on outstanding results!

The net profit skyrocketed 2,833 per cent in Q4FY23 compared to Q4FY22.

India Cements Capital Ltd, a leading NBFC company in India announced its Quarterly Results and annual results for the year ended March 31, 2023. Details below:

Financial Highlights for the Q4FY23: 

• Total Revenue of Rs 1.23 crore, up 69.10 per cent over Q4FY22. 
• EBITDA of Rs 0.32 crore, up 187.36 per cent over Q4FY22.  
• Profit After Tax of Rs 0.18 crore, up 2,833.33 per cent over Q4FY22.  
• The EPS for Q4FY23 is Rs 0.08.  

Financial Highlights for FY23:  

• Total Revenue of Rs 4.53 crore, up 80.13 per cent over FY22.  
• EBITDA of Rs 0.98 crore, up 108.03 per cent over FY22.
• Profit After Tax of Rs 0.72 crore, up 193.88 per cent over FY22.
• The EPS for FY23 is Rs 0.34.

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Incorporated in 1985, India Cements Capital Ltd is a provider of services viz. money changing, forex, travel and share broking.

On Friday, shares of India Cements Capital zoomed 20 per cent upper circuit to Rs 12.22 per share from its previous closing of Rs 10.19. At 03:30 pm, shares of the company ended the day in green, up 18.55 per cent to Rs 12.08 per share.

The shares of the company saw a spurt in volume by more than 6.24 times on BSE. The stock is up by 90 per cent in 2 years and over 420 per cent in 3 years. Investors should keep an eye on this micro-cap stock.