Penny stock at Rs 22: This micro-cap company reports a 51.7 per cent jump in net profit to Rs 8.54 crore
The stock is up by 68 per cent from its 52-week low of Rs 13.10 per share and gave multibagger returns of 230 per cent in 3 years.
Bhatia Communications & Retail (India) Ltd announced its stellar Quarterly Results (Q3FY24) and nine-month results for the fiscal year 2024. Here are the details:
Results: According to the quarterly results, the net sales increased by 20.4 per cent to Rs 116.79 and the net profit increased by 1.22 per cent to Rs 2.49 in Q3FY24 compared to Q3FY23. According to the nine-month results, the net sales increased by 27.31 per cent to Rs 319.88 crore and the net profit increased by 51.70 per cent to Rs 8.54 crore in 9MFY24 compared to 9MFY23.
According to its annual results, net sales increased by 34.27 per cent to Rs 313.48 crore and net profit increased by 61 per cent to Rs 8.48 crore in FY23 compared to FY22.
The company has strong partnerships with companies like Apple, One Plus, Samsung, Vivo, Oppo, Realme, Mi, Motorola, Techno, Nothing, Noise, Boat, HP, Lenovo, Fire Boltt, etc. The company has an average 8 to 10 lakhs of capex per store with 172 stores across India (160 owned and 12 franchise).
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Bhatia Communications & Retail (India) Ltd is engaged in the retail and wholesale distribution business of mobile handsets, tablets, data cards, mobile accessories, mobile-related products, home appliances and other electronic items.
Today, Bhatia Communications & Retail shares gained 0.37 per cent to Rs 21.65 per share with an intraday high of Rs 21.95 and an intraday low of Rs 21.03. The stock’s 52-week high is Rs 25.95 and its 52-week low is Rs 13.10. The stock is up by 68 per cent from its 52-week low of Rs 13.10 per share and gave multibagger returns of 230 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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