Stock below Rs 100: Net profit of this multibagger company zooms more than 570 per cent!

The net profitability of the company shot up by more than 576 per cent from the corresponding quarter last year to Rs 7.60 crore.

On Wednesday, shares of Batliboi Ltd zoomed and got locked at 5 per cent upper circuit level of Rs 73.40.  The scrip witnessed a massive spurt in volume by more than 17 times. The stock has been hitting back-to-back upper circuits in the last 3 trading sessions till now.   

For the quarter ended December 31, 2022, the net sales of the company rose by 19.08 per cent on YoY basis to Rs 69.60 crore. The EBITDA level stood at Rs 9.90 crore, witnessing a massive of surge of 118 per cent from last year’s same quarter to Rs 4.53 crore. The net profitability of the company shot up by more than 576 per cent from the corresponding quarter last year to Rs 7.60 crore.   

Batliboi is a leading engineering company in the business of machine tools, air engineering, textile machinery, environmental engineering, wind energy, motors, international marketing and logistics. Batliboi's manufacturing facilities are located at Surat in India and Peterborough in Canada. It has two subsidiaries.  

The stock has witnessed heavy buying as it has given multibagger returns of more than 100 per cent in just 6 months and more than 70 per cent in just 1 year. In the past 1 month, the stock has traded in huge volumes and has surged more than 33 per cent. Keep a close eye on this trending multibagger stock.