428 per cent jump in net profit in this penny stock: This micro-cap IT company bags new order worth Rs 1,44,00,000 from Office of Chief Electoral Officer, Maharashtra!
The stock is up over 80 per cent from its 52-week low of Rs 25 per share.
Atishay Ltd informed the exchange (BSE Scrip Code: 538713) that the company has received work orders worth Rs 1,44,00,000 from the Office of Chief Electoral Officer, Maharashtra. The order includes the preparation of a photo electoral roll and data entry updating of state and district control tables.
Additionally, the company announced stellar Quarterly Results and half-yearly results for the fiscal year 2024. Here are the details:
Quarterly Results: The net sales increased by 43.1 per cent to Rs 7.3 crore, operating profit increased by 164.4 per cent to Rs 1.86 crore and net profit increased by 428.21 per cent to Rs 1.03 crore in Q2FY24 compared to Q2FY23.
Half-yearly Results: The net sales increased by 62.03 per cent to Rs 14.02 crore and operating profit increased by 255.29 per cent to Rs 2.49 crore in H1FY24 compared to H1FY23. The company reported a net profit of Rs 1.14 crore in H1FY24 compared to a net loss of Rs 0.16 crore in H1FY23.
On Wednesday, one of the Top Gainers on BSE, shares of Atishay Ltd hit 5 per cent upper circuit to Rs 45.30 per share from its previous 43.15. The shares of the company saw a spurt in volume by more than 1.47 times on BSE.
Incorporated in 1989, Atishay Ltd is an IT consultancy and Services company that offers services of data management, software development, E-Governance, retail fintech, and the implementation of turnkey IT solutions. The company has a market cap of Rs 50 crore. The net sales increased by 8.66 per cent to Rs 21.46 crore and the net profit skyrocketed by 490 per cent to Rs 0.65 crore in FY23 compared to FY22.
The stock is up over 80 per cent from its 52-week low of Rs 25 per share. Investors should keep a close eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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