This Advertising Small-cap Company reported 150 per cent net profit growth, Revenue jumped by 50 per cent; Stock Price Zoomed more than 16 per cent in a day!
Net profit for Q2FY24 stood at Rs 1,594.85 crore, showing a robust year-on-year increase of 147.38 per cent from Rs 644.69 crore.
Today, shares of Signpost India Ltd jumped by 16.52 per cent to Rs 260 per share from its previous closing as the company announced its standalone Q2FY25 results.
In the Quarterly Results of Q2FY24, the company reported revenue of Rs 12,970.24 crore, a year-on-year growth of 52.25 per cent from Rs 8,518.93 crore in Q2FY23 and a quarter-on-quarter growth of 29.10 per cent from Rs 10,046.75 crore in Q1FY25. Net profit for Q2FY24 stood at Rs 1,594.85 crore, showing a robust year-on-year increase of 147.38 per cent from Rs 644.69 crore and a quarter-on-quarter rise of 41.99 per cent from Rs 1,123.18 crore in Q1FY25. The net profit margin reached 12.30 per cent in Q2FY24, compared to 11.18 per cent in Q1FY25 and 7.57 per cent in Q2FY23.
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For the fiscal year, FY24 revenue was Rs 387.45 crore, reflecting a 14.97 per cent growth from Rs 337.00 crore in FY23. Net profit for FY24 rose to Rs 44.95 crore, representing a 17.50 per cent increase from Rs 35.58 crore in FY23. The net profit margin improved to 9.18 per cent in FY24, up from 8.99 per cent in the previous fiscal year.
Incorporated in 2008, Signpost India Ltd is a Digital Out of Home (DOOH) and integrated advertising company. SIL is in the business of digital out-of-home (DOOH) advertising domain. The company is India’s first and largest main street DOOH billboard and world’s largest digital bus queue shelter.
It provides hybrid mobility solutions to e-bikes, traffic surveillance booths, street-accessible libraries, etc.
The company owns 33.9 million square feet of ad space along with diverse ad-tech solutions across Indian markets. Their engineers execute mega projects to build public spaces that ensure commuters’ conveniences like extended transparent roofing, ergonomic and priority seating, tactile flooring, accessibility ramp, charging stations, SOS integration, mapped surrounding lavatories, auditory notification of upcoming buses, etc.
This Small-Cap stock should be kept under the radar. The company is a Small-cap company having a market cap of Rs 1,397 crore The stock’s 52-week high is Rs 466 and its 52-week low is Rs 212.
Disclaimer: The article is for informational purposes only and not investment advice.