This small-cap IT gem skyrockets by 49 per cent in the past month! Do you own it?

Soaring to new heights: This company hits a new 52-Week high today, exhibiting impressive growth in Q4FY23.

After reporting results for Q4FY23 and the year ended on April 28, 2023, eMudhra Ltd has experienced significant growth over the past month. On April 28, 2023, the stock closed at Rs 271.30, and in the last trading session on May 22, 2023, it closed at Rs 405.50, representing a 49.47% increase. 

Today, it opened at Rs 407 and reached a new 52-week high of Rs 419, with a 52-week low of Rs 206.90. The company has a market capitalization of around Rs 3,100 crore, and it is currently trading at Rs 397.25. So far, 21,135 shares have been traded over the counter at BSE. 

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Now, turning to the financial results, in comparison to the same quarter last year, the company's net profit for the fourth quarter that ended on March 31, 2023, increased by 46.30% to Rs 15.80 crore from Rs 10.80 crore on a consolidated basis. In Q4FY23, the company's total revenue climbed by 73.85% to Rs 78.98 crore from Rs 45.43 crore in the same quarter of the previous year. 

The company reported a 48.76% increase in net profit for the year ended March 31, 2023, from Rs 41.14 crore to Rs 61.20 crore on a consolidated basis. When compared to the year ended March 31, 2022, the company's total revenue climbed by 38.28% to Rs 254.06 crore, compared to Rs 183.73 crore for the year ended March 31, 2022. 

The company has also declared a final dividend of Rs 1.25 per equity share, which has a face value of Rs 5. On May 19, 2023, the company announced that eMudhra Limited has concluded and signed definitive agreements to acquire a 51% ownership interest in Ikon Tech Services LLC, a Houston-based cyber security and digital transformation solution and services company, for a consideration of USD 6.12 million