From Rs 4 crore loss to Rs 39 crore operating profit: Realty stock under Rs 150 posts record operating profit and expanded margins; must-watch!

The stock has delivered a multibagger return of around 150 per cent to its shareholder in just six months only.

Suratwwala Business Group Limited (SBGL) is engaged in the development and maintenance of commercial and residential real estate projects in Pune. The company has announced robust financial results.

As per the Quarterly Results in Q4 FY24, the company reported a revenue of Rs 21.08 crore compared to a revenue of Rs 10.71 crore, representing a gain of 96.81 per cent YoY. The company’s operating profit reached Rs 10.47 crore compared to a profit of Rs 0.96 crore in Q4 FY23. The operating margin stood at 50 per cent. The net profit of the company was Rs 5.59 crore in Q4 FY24 compared to a net loss of Rs 1.02 crore representing a gain of 647.21 per cent.

Turning your attention to the annual performance of the company, it reported a revenue of Rs 72.01 crore, compared to Rs 62.28 crore in FY23. The company reported a net profit of Rs 27.79 crore representing a gain of 31.33 per cent YoY compared to a profit of Rs 21.16 crore in FY23.

Moreover, the company has turned around its performance in just 1 year from an operating loss of Rs 4 crore in FY22 to Rs 30 crore in FY23. Additionally, it has maintained the same in FY24 by achieving Rs 39 crore of operating profit. During the same period, the margins have expanded from 47 per cent to 54 per cent, respectively. The same trend is observed in the company’s net profit as well.

Also read Turnaround story - Stock under Rs 10: Company posts double-digit PAT for the first time ever, surging by 4,800 per cent, highest profit in the past decade!

Share Performance

On Friday, the company's stock closed at around Rs 124.95 per share, with a market capitalization of Rs 2166.84 crore. Additionally, the stock has delivered a multibagger return of around 458 per cent in just one year.

Investors must keep this Small-Cap stock on their radar.

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