200 per cent returns: This multibagger stock reports robust Q1FY24 results!
The company has delivered great returns of 72.8 per cent over the past year and stellar returns of 216 per cent over the past 3 years.
Aditya Birla Capital Limited (ABCL) is the holding company for the financial services businesses of the Fortune 500 conglomerate Aditya Birla Group. ABCL and its subsidiaries offer comprehensive financial solutions, serving diverse customer needs throughout their life cycle. With 38,000 employees, over 1,331 branches, and a global presence in 36 countries, ABCL's financial services have a wide reach.
On August 2, 2023, Aditya Birla Capital Ltd reported stellar Q1FY24 results in which sales of the company surged by 26 per cent and stood at Rs 7,045 crore as against to Q1FY23, while operating profit grew by 70 per cent to Rs 2,555 crore as compared to Q1FY23. Similarly, net profit of the company surged by 57 per cent and stood at Rs 666 crore as against to Q1FY23. Furthermore, the company has been able to grow its sales by 22 per cent (CAGR) for the past 3 years and net profit has grown by 76 per cent (CAGR) for the same period.
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The company has delivered great returns of 72.8 per cent over the past year and stellar returns of 216 per cent over the past 3 years. Moreover, the company has a ROCE of 11.6 per cent and a ROE of 26.8 per cent.
On Thursday, shares of the company surged by 1.42 per cent and made an intraday high of Rs 194.35.
Investors should keep a close eye on this trending stock.
Disclaimer: The article is for informational purposes only and not investment advice.