Penny Stock Under Rs 2 In Focus As Company Reports a 380 Per Cent Jump in PAT to Rs 7.87 Crore in 9M FY25

As of December 2024, promoters of the company own a 1.26 per cent stake while the public owns a 98.74 per cent stake.

G G Engineering Limited (GGEL) is an Indian company that manufactures engineering products, infrastructure, and structural steel. The company was established in 2006 and is based in India. GGEL's products are used in many industries, including construction, infrastructure, mega projects, modern buildings, and high-rise residential and commercial projects.

According to Quarterly Results, net sales increased by 29.2 per cent to Rs 56.18 crore in Q3FY25 compared to net sales of Rs 43.50 crore in Q3FY24. The company reported a net loss of Rs 1.37 crore in Q3FY25 while in Q3FY24, the company reported a net profit of Rs 0.54 crore. In 9MFY25, the net sales increased by 71 per cent to Rs 231.62 crore and net profit increased by 380 per cent to Rs 7.87 crore compared to 9MFY24. In its annual results, net sales increased by 113 per cent to Rs 212.11 crore in FY24 compared to Rs 99.57 crore in FY23. The company reported a net profit of Rs 7.10 crore in FY24 compared to Rs 7.93 crore in FY23.

On Friday, shares of G G Engineering Ltd plunged 6.25 per cent to Rs 1.50 per share from its previous closing of Rs 1.60 per share with an intraday high of Rs 1.52 per share and an intraday low of Rs 1.33 per share. The stock’s 52-week high is Rs 2.97 per share and its 52-week low is Rs 1.31 per share. The shares of the company saw a spurt in volume by more than 1.01 times on BSE.  

The company has a market cap of over Rs 200 crore and has delivered good profit growth of 19 per cent CAGR over the last 5 years. As of December 2024, promoters of the company own a 1.26 per cent stake while the public owns a 98.74 per cent stake. Investors should keep an eye on this micro-cap stock.

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