Multibagger Small-cap company shown 261 per cent increase in PAT!

Shares of company has given 136 per cent return over the past one year.

The Anup Engineering which is in manufacturing of Heat Exchangers, Reactors, Pressure Vessels, Columns & Towers, Industrial Centrifuges and Formed Components has declared its financial results for the first quarter or Q1FY24 on last trading day which is on June 28, 2023.

On a consolidated basis in comparison to the same quarter last year, the company net profit increased by 260.78 per cent to Rs 18.58 crore from Rs 5.15 crore. In Q1FY24, the company's total net revenue increased by 141.04 per cent from Rs 52.15 crore to Rs 125.70 crore in a similar quarter the year prior.        

Sequentially the company net profit for the quarter which ended on June 30, 2023, decreased by 5.11 per cent from Rs 19.58 crore. In Q1FY24, the company total net revenue decreased by 14.27 per cent from Rs 146.63 crore in the similar quarter the year prior. As of June 30, 2023 company has healthy order book of 651.3 crores.

In the last trading session, the scrip closed at Rs 2003.20. Today it opened at Rs 2048.95 and currently it is trading at Rs 2126.60, up by 6.16 per cent. Today it has hitted fresh 52-week high at Rs 2147.90 and it has 52-week low of Rs 798.15.

The company has a market capitalization of around Rs 1200 crore. Over the past six months shares of company has increased by around 92.77 per cent and over last one-year shares of company has given multibagger return of 135.63 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.