112 per cent jump in net profit, this micro-cap company announces stellar results!
Since its listing on April 17, 2023, the company has delivered a remarkable return of 128 percent.
Exhicon Events Media Solutions Limited offers a range of products and services catering to the exhibition, conferences, and events industry. The company offers media and integrated marketing solutions, event infrastructure, and management to organize B2B and B2C fairs and events.
Exhicon Events Media Solutions recently announced their impressive financial results for FY23. In FY23, the company experienced a substantial sales growth of 28.73 per cent to reach Rs 59.87 crore, compared to FY22. Additionally, the EBITDA in FY23 grew significantly by 113.4 per cent to Rs 12.42 crore, and the net profit witnessed a remarkable growth of 112.5 per cent to Rs 9.19 crore, both compared to FY22.
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The company last week had announced 51 per cent acquisition of Maple Heights Business Centre LLC, a fifteen thousand square feet business centre near World Trade Centre, Dubai, providing end to end services to exhibition organisers, industry associations and private sector clients.
Since its listing on April 17, 2023, the company has delivered a remarkable return of 128 percent.
On Tuesday, the stock of Exhicon Events Media Solutions witnessed a surge of 4.99 per cent, reaching its upper circuit at Rs 153.45.
Investors should keep a close eye on this buzzing stock.