1100 per cent returns: This small-cap multibagger stock reports stellar Q1FY24 results!
The company has delivered exceptional returns of 235 per cent over the past years and stellar returns of 1,156 per cent over the past 3 years.
Saksoft Group, headquartered in Chennai, specializes in Enterprise Applications, Augmented Analytics, Intelligent Automation, and Enterprise Cloud services. With a global presence across 16 offices in the USA, Europe, and Asia, employing over 2000 professionals, the company serves as a significant Digital Transformation Solution Partner for clients worldwide.
Saksoft Ltd recently announced their stellar Q1FY24 results in which sales of the company surged by 23.6 per cent and stood at Rs 183 crore as compared to Q1FY23, while operating profit of the company grew by 59 per cent to Rs 35 crore as against Q1FY23. Similarly, net profit of the company jumped by 38.9 per cent and stood at Rs 25 crore as compared to Q1FY23. Furthermore, the company has been able to grow its sales by 23 per cent (CAGR) for the past 3 years and net profit has grown by 29 per cent (CAGR) for the same period.
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The company has delivered exceptional returns of 235 per cent over the past years and stellar returns of 1,156 per cent over the past 3 years. Additionally, the company has a ROCE of 28.4 per cent and a ROE of 22.7 per cent.
On Thursday, shares of the company surged by 5 per cent and reached its upper circuit limit of Rs 358.90 and traded on its new 52-week high of Rs 358.90.
Investors should keep a close eye on this trending stock.
Disclaimer: The article is for informational purposes only and not investment advice.