Mukul Agrawal Gains Rs 10.09 Crore Today as His Portfolio's Small-Cap Stock Rallies 20 per cent After Announcing Stellar Q2 FY25 Results – Trading Volume Surges by 14 Times!
The company’s shares have delivered an impressive return of over 80 per cent to its shareholders in the past year.
Ace investor Mukul Agrawal-backed Small-Cap company’s stock rallied 20 per cent on the very first day of this trading week. The company is the leading manufacturer of belts and related mechanical power transmission products in India. The company features state-of-the-art belt manufacturing units as well as an ultra-sophisticated, automated rubber mixing facility.
The reason for this price rally on the shares of PIX Transmissions Ltd is probably due to the stellar Quarterly Results presented by the company.
Ace investor Mukul Agrawal owns around 2.20 per cent stake in the company or 3 lakh shares. Today due to this price rally he has earned around Rs 10,09,80,000 in just 1 day.
Financial Performance
As per quarterly results, PIX Transmissions Ltd in Sep 2024 reported a revenue of Rs 159 crore compared to Rs 124 crore representing a growth of around 27.90 per cent YoY. The company posted an operating profit of Rs 50 crore with a margin of around 32 per cent compared to Rs 31 crore with a margin of 25 per cent. In the current quarter, both the operating profit and margins both have expanded. The company’s net profit stood at Rs 41 crore for the period compared to a profit of Rs 21 crore same quarter last year representing a growth of around 95 per cent YoY. This could be the potential trigger for the price rally.
Looking at the annual performance, the company generated a revenue of Rs 493 crore in FY24 compared to Rs 486 crore in FY23 representing a growth of 1.40 per cent YoY. The operating profit for FY24 was Rs 120 crore compared to Rs 105 crore in FY23. The company reported a net profit of Rs 86 crore compared to Rs 65 crore.
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Share Performance
At the start of today’s trading session, PIX Transmissions Ltd opened at Rs 2019.70 per share, compared to Rs 1683.10 per share on the BSE. Currently, the shares rallied over 20 per cent and hit the upper circuit and are at around Rs 2019.70 per share on the BSE. The current market capitalization stands at Rs 2751.88 crore, and the stock has generated an impressive return of around 80 per cent in the past year.
Disclaimer: The article is for informational purposes only and not investment advice.