Penny Stock Under Rs 25: Company Bags International Order Worth USD 4,50,000, Stock Hits Upper Circuit Today!
The company’s shares have delivered an impressive return of over 240 per cent to its shareholders in the past 2 years.
Incorporated in 1990, this micro-cap company primarily focuses on providing SAP Support Services. The company assists organizations in reducing costs and enhancing efficiency and effectiveness through internal process improvements utilizing SAP products and solutions.
Adroit Infotech L.L.C FZ, a wholly-owned subsidiary of Adroit Infotech Ltd, has secured an order valued at USD 4,50,000 or Rs 37.76 million from Empresa Nacional de Bilhética Integrada, Angola, through its associate Adroit Infotech LDA. The order encompasses SAP BRIM implementation, migration services, user training, and transition support services.
On Tuesday, the shares of Adroit Infotech Ltd rallied and hit the upper circuit today and finally, closed at around Rs 20.50 per share on the BSE. The company’s current market capitalization stands at Rs 117.40 crore. Additionally, the shares have delivered over 40 per cent in the past 1 year.
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As per the Quarterly Results, in the Q1 FY25, Adroit Infotech Ltd recorded a revenue of Rs 6.56 crore compared to Rs 5.92 crore. The operating profit stood at Rs 0.63 crore. The net profit stood at Rs 0.49 crore compared to a profit of Rs 0.43 crore. Looking at the annual performance, the company generated a revenue of Rs 24.86 crore in FY24. The operating profit for FY24 was Rs 4.67 crore with a net profit of Rs 3 crore compared to a net profit of Rs 3.78 crore in FY23.
According to the shareholding pattern of the company, the promoters hold a significant 36.61 per cent stake while public investors own a remaining stake of 63.38 per cent in the company.
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Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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