From Revenue of Zero to Rs 32 Crore: This Penny Stock Under Rs 15 Hits Upper Circuit; Company Reports 655 per cent Revenue Growth and 185 per cent PAT Growth
The stock price of the company has given 72.50 per cent returns in last one year.
Onesource Industries & Venture Ltd witnessed its share price hit the 5 per cent upper circuit on Thursday following the announcement of its Q3 FY25 results. The company, which reported zero revenue in Q3 FY21, has achieved remarkable growth, posting revenue of Rs 32.47 crore in Q3 FY25 and turning profitable.
In the Quarterly Results of December 2024, the company reported revenue of Rs 32.47 crore, reflecting a year-on-year growth of 655.12 per cent and a quarter-on-quarter growth of 118.80 per cent compared to Rs 14.84 crore in September 2024 and Rs 4.30 crore in December 2023. Net profit for December 2024 stood at Rs 0.57 crore, showing a year-on-year increase of 185.00 per cent and a quarter-on-quarter rise of 9.62 per cent compared to Rs 0.52 crore in September 2024 and Rs 0.20 crore in December 2023. The net profit margin for December 2024 was 1.76 per cent, compared to 3.50 per cent in September 2024 and 4.65 per cent in December 2023.
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For the fiscal year 2024, revenue was Rs 8.28 crore, a significant growth of 2023.08 per cent compared to Rs 0.39 crore in fiscal year 2023. Net profit for FY24 was Rs 1.02 crore, a turnaround from a net loss of Rs 0.02 crore in FY23, reflecting a growth of -114.29 per cent. The net profit margin was -0.24 per cent in FY24, compared to 35.90 per cent in FY23.
Onesource Industries & Ventures Ltd. engages in the provision of financial advisory and consultancy services. It focuses on investment banking, and restructuring services such as mergers and acquisitions, business and financial restructuring, turnaround strategies, acquisition finance and buyouts, distressed companies' re-capitalization, promoter equity restructuring and financing, initial public offering and capital market fund raising advisory, and venture capital and private equity funding. The company was founded on December 8, 1994 and is headquartered in Bhopal, India.
The company currently has a market capitalisation of Rs 41.8 crore, with its stock priced at Rs 13.6. The stock has a 52-week high and low of Rs 13.6 and Rs 5.31, respectively. It trades at a price-to-earnings (P/E) ratio of 41.0, with a book value of Rs 1.15. The stock price of the company has given 72.50 per cent returns in last one year.
Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.