This Railway company reported 1100 per cent profit growth; Multibagger stock jumped more than 7000 per cent in 3 years, don’t miss this one!

Net Cash Flow from Operating Activities saw a massive upsurge to Rs 26.22 crore from negative Cash Flow of Rs 6.16 crores which skyrocketed by 425.64 per cent.

In the second quarter of the fiscal year 2024, K&R Rail Engineering Ltd reported a decrease in standalone revenue from operations to Rs 153.62 crores compared to Rs 161.98 crores in the previous quarter, reflecting a 5.16 per cent quarter-on-quarter decline. However, when compared with the same period last year, the revenue demonstrated an extraordinary surge of 379.61 per cent, leaping from Rs 32.03 crores to the current figure. Simultaneously, the net profit soared to Rs 6.48 crores in Q2 FY24 from Rs 3.37 crores in Q1 FY24, marking a substantial 92.28 per cent quarter-on-quarter growth. The year-on-year comparison is even more remarkable, with net profit skyrocketing by an astonishing 1146.15 per cent from Rs 0.52 crores in Q2 FY23 to the current figure.

In Q2 FY24, the consolidated financial performance reflects a notable decrease in Revenue from Operations, amounting to Rs 163.28 crores, as compared to Rs 200.09 crores in Q1 FY24, indicating a significant quarter-on-quarter decline of 18.40 per cent. Despite this downturn, the Net Profit witnessed a substantial increase from Rs 5.07 crores in Q1 FY24 to Rs 9.45 crores in Q2 FY24, demonstrating a robust quarter-on-quarter growth of 86.39 per cent.

Net Cash Flow from Operating Activities saw a massive upsurge to Rs 26.22 crore from negative Cash Flow of Rs 6.16 crore which skyrocketed by 425.64 per cent.

Company Reported Un-Audited financial results (Standalone and Consolidated) for the quarter and half ended September 30, 2023 which is a limited review report for the period mentioned. The current Statutory Auditors have resigned from their positions and new Statutory Auditors have been appointed by the company.

Stock Performance

Over the past three months, K&R Rail Engineering has exhibited a notable performance, registering a gain of 27.32 per cent. The year-to-date performance has been nothing short of remarkable, with an astounding increase of 1,108.25 per cent. Investors in K&R Rail Engineering have witnessed an exceptional 792.56 pe cent surge in the stock's value over the course of the last year. Looking at a slightly longer horizon, the three-year performance is an impressive 7,626.17 per cent, highlighting multibagger returns.

About Company

K&R Rail Engineering Ltd is engaged in carrying on the business of laying private Railway sidings on a turnkey basis.

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