Debt-Free Penny IT-Stock Under Rs 5 To Keep Under Radar As Company Reports A Turnaround Net Profit In Q2FY25
The stock is up by 21.3 per cent from vits 52-week low of Rs 2.77 per share and gave multibagger returns of 1,500 per cent in 5 years.
Incorporated in 1993, FCS Software Solutions Ltd has established itself as a leading provider of IT and business services, engineering, and product and platform solutions. The company offers a wide range of services, including software development, marketing, and support, catering primarily to corporate entities in sectors such as BPO, software development, e-learning, and other IT-enabled services. Additionally, FCS SSL engages in leasing and letting out immovable property, particularly IT infrastructure premises.
FCS SSL operates across several key business segments: IT Services, IT-Enabled Services, Infrastructure Management, Leasing Incomes, and Education/E-Learning. The company's service offerings encompass a diverse spectrum, including IT infrastructure services, application services, artificial intelligence, workspace solutions, learning solutions, business process services, testing services, talent services, outsourcing, startup services, joint ventures, partnerships, and consulting.
With a global footprint, FCS SSL has established subsidiaries in the United States, Germany, the United Arab Emirates, and China. The company boasts an impressive client base of over 250 global customers, including renowned organizations such as McKinsey, IBM, Dominos, and Credit Suisse.
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According to Quarterly Results, the net sales decreased by 0.14 per cent to Rs 9.30 crore while EBITDA increased by 53.69 per cent to Rs 3.25 crore in Q2FY25 compared to Q2FY24. The company reported net profit of Rs 1.10 crore in Q2FY25 compared to net loss of Rs 5.52 crore in Q2FY24, a turnaround story with an increase of 120 per cent. In its annual results (FY24), the company reported net sales of Rs 36.56 crore and net loss of Rs 12.04 crore.
The company has a market cap of Rs 566 crore and as of September 2024, it is debt-free. The stock is up by 21.3 per cent from vits 52-week low of Rs 2.77 per share and gave multibagger returns of 1,500 per cent in 5 years. Investors should keep this Debt-Free Penny IT-Stock under radar.
Disclaimer: The article is for informational purposes only and not investment advice.