3,000 per cent returns: This multibagger stock from the aerospace and defense sector reports a 727 per cent jump in net profit!

Shares of the company have gained more than 150 per cent in the last one year.

NIBE Limited has reported results for the first quarter ended June 30, 2023 (Q1FY24). The company posted strong Quarterly Results. The revenue of the company stood at Rs 25.80 crore which grew by 150.8 per cent YoY. The operating profit of the company stood at Rs 3.38 crore, while the PAT of the company stood at Rs 0.83 crore, representing an impressive growth of 727 per cent YoY.

Earlier, the company received one purchase order from Dymac Global Limited to manufacture and export fuel storage tanks for a total consideration of $ 75,245.

Nibe Ltd is in the business of manufacturing critical components for defense, E-vehicles, and software development. The company offers strategic products & related research advancement. The E-vehicles branch deals in the design, development, manufacturing & trading of E-vehicles and delivers the best-in-class eco-friendly E-bikes. The plant manufactures a wide spectrum of critical components catering to the defense industry. BVM R & D Foundation is responsible for the research and development of advanced lithium-ion battery packs and solutions.

In the last three years, the shares of the company have given more than 3,000 per cent returns and in the last one year, the stock has gained about 150 per cent. The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.