Ashish Kacholia's pick: Small-cap reports stellar Q1 results; Net profit rises 13 per cent to Rs 17 crore!
It's worth noting that prominent investor Ashish Kacholia holds a 2.13 per cent stake in the company.
Monday deals close on a mixed note, the Sensex wrapped up the trading session on a positive trajectory, with a modest uptick of 0.12 per cent. Likewise, the Nifty also clinched marginal gains, edging higher by a slight 0.03 per cent.
Navigating through market sentiments, the shares of Ami Organics Limited surged 4.47 per cent. The reason for this surge was primarily attributed to companies spectacular Q1 performance. Let's have a look:
Ami Organics Limited demonstrated an impressive growth trajectory. The company's revenue showcased a commendable growth rate of 8.93 per cent, ascending to Rs 142 crore from the previous Rs 131 crore recorded in Q1 FY23. Simultaneously, the operating profit experienced a significant rise of 8.69 per cent, culminating at Rs 25 crore. The net profit mirrored this upward trend, soaring to Rs 17 crore, marking a substantial upswing of 13.33 per cent.
An intriguing aspect of the company's success story lies in its product-wise revenue distribution. Pharma Intermediates took the lead, contributing 84.0 per cent, followed by Specialty Chemicals at 16.0 per cent. This breakdown provides an insightful understanding of the revenue composition stemming from different product categories.
Furthermore, the company's revenue distribution across various geographic locations paints a vivid and diverse picture. The majority of revenue originates from India, accounting for a substantial 41.35 per cent. Italy follows suit with a notable 19.92 per cent, while Finland and Spain contribute 11.13 per cent. This diverse distribution signifies the company's prowess in drawing revenue from a wide array of global sources.
It's worth noting that prominent investor Ashish Kacholia holds a 2.13 per cent stake in the company, showcasing the investor's confidence in its potential for growth.
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Ami Organics Limited, a name synonymous with research and development-driven specialty chemicals manufacturing, continues to shine as a prominent player in the industry. With its consistent commitment to innovation and growth, the company stands as a beacon of success in the realm of specialty chemicals.
Keep a close eye on this trending small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.