This multibagger stock zoomed more than 1300 per cent in just 3 years; do you own it?

The final dividend of Rs 1.20 per share was declared by the company  

Pitti Engineering Limited produces electrical steel laminations, motor cores, sub-assemblies, die-cast rotors, press tools and metal component machining.  

The company has released their financial statements for the quarter and year ending March 31, 2023. In Q4FY23 the company’s total revenue dipped by 8.8 per cent on YoY basis from Q4FY22 to Rs 247.51 crore.  

The operating profit recorded at Rs 40.56 crore, witnessed a surge of 14.67 per cent from last year’s same quarter. The net profit of Pitti Engineering Ltd zoomed by 19.79 per cent from corresponding quarter last year to Rs 24.83 crore.   

For fiscal year 2023, the company’s total revenue surged by 15.43 per cent from last year’s same quarter to Rs 1,100.17 crore. The EBITDA levels stood at Rs 151.39 crore, witnessed a growth of 14.15 per cent from March 2022.  

The net profit of the company recorded at Rs 58.83 crore, up by 13.35 per cent from corresponding quarter last year. The final dividend of Rs 1.20 per share was declared by the company.  

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On Tuesday, the shares of Pitti Engineering Limited dipped by 7.91 per cent and closed at 340.65 per share on BSE. The scrip witnessed an impressive spurt in volume by more than 2 times.  

The stock has witnessed significant buying activity as it has increased more than 26 per cent in just 1 year. Moreover, the stock has given multibagger returns of more than 1386 per cent in just 3 years. Keep a close eye on this trending stock.