Penny Stock Under Rs 40: Company Secures Orders Worth Rs 4,71,11,758 from Multiple Clients!
The company has reduced its debt from Rs 13.40 crore to Rs 5.21 crore in FY24.
This micro-cap company specializes in IT systems integration, offering a comprehensive range of solutions from Power Management to Data Centers. The company excels in delivering system integration services through valued partnerships and expertise, ensuring optimal performance and seamless operations.
Recently, 3C IT Solutions received substantial purchase orders worth Rs. 4,71,11,758 from prominent institutions. These include KJ’s Educational Institute, which ordered 900 HP Desktop 280 G9 SFF units, amounting to Rs. 4,24,80,000; Pune Mahanagar Parivahan Mahamandal Limited (PMPML), which placed an order for 50 biometric machines worth Rs. 7,69,500; and the National Institute of Construction Management and Research (NICMAR), which procured 71 All in One machine valued at Rs. 38,62,258.
Today, the shares of 3C IT Solutions are at around Rs 35.50 per share on the BSE. The company’s current market capitalization stands at Rs 21.37 crore.
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As per the half-yearly results, in March 2024, 3C IT Solutions recorded a revenue of Rs 12.47 crore. The operating profit stood at Rs 1.79 crore. The net profit stood at Rs 0.75 crore compared to a loss of Rs 0.62 crore in September 2023. Looking at the annual performance, the company generated a revenue of Rs 29.84 crore in FY24. The operating profit for FY24 was Rs 2.22 crore with a net profit of Rs 0.12 crore compared to a net profit of Rs 1.14 crore in FY23.
Looking at the company’s shareholding pattern, promoters own 51.67 per cent while public shareholders own a 48.34 per cent stake in the company as per the latest quarterly update.
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Disclaimer: The article is for informational purposes only and not investment advice.
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