DSIJ Mindshare

The company reported positive numbers in its quarterly results and annual results. The net sales increased by 6.56 per cent to Rs 65 crore and net profit increased by 20 per cent to Rs 12 crore in Q4FY23 over Q4FY22. The net sales increased by 21.31 per cent to Rs 222 crore and net profit increased by 33.33 per cent to Rs 36 crore in FY23 over FY22.

The company has a market cap of Rs 45.24 crore. The net sales increased by 1,630 per cent to Rs 11.07 crore and net profit skyrocketed by 640.62 per cent to Rs 2.37 crore in FY23 over FY22. The scrip saw a spurt in volume by more than 4.87 times on BSE.

he net sales increased by 493 per cent and net profit increased by 2,018 per cent in Q4FY23 over Q4FY22. In FY23, net sales skyrocketed by 558 per cent and net profit skyrocketed by 3,404 per cent over FY22. The stock has a PE of 5.19x whereas the sectoral PE is 27x.

company’s net profit increased significantly by more than 1500 per cent form FY22, reaching Rs 2,887 crore.

Full-scale operations of NSE IX-SGX GIFT Connect commenced on Monday with US$8.05 billion open interest in Nifty futures and over US$1.04 billion open interest in Nifty Options.