According to the quarterly results, the net sales increased by 2,484 per cent to Rs 59.17 crore in Q1FY24 compared to net sales of Rs 2.29 crore in Q1FY23. The company reported a net profit of Rs 0.44 crore in Q1FY24 compared to a net loss of Rs 0.06 crore in Q1FY23.

Customized Solutions: In its foray into the media finance domain, the company aims to offer tailored financing solutions to producers on a case-by-case basis. The company plans to collaborate closely with filmmakers to structure finance packages that align with their project's specific needs and financial objectives.

Visagar Financial Services witnessed an astounding 230 per cent surge in revenue, from Rs 16.82 crore in 2022 to Rs 49 crore in 2023. Moreover, the company demonstrated remarkable profit growth of 430 per cent, reporting a profit of Rs 0.24 crore in 2022, which soared to Rs 1.28 crore in 2023.

The stock gave 87.89 per cent returns in just 1 month whereas BSE Sensex was down by 3.39 per cent. Investors should keep an eye on this penny stock.