The shares of a micro cap Electronic stock engaged in manufacturing and selling of Electronic Weighing Scales, Currency Counting Machines, Taxi Fare Meters, etc hits 20 percent upper circuit after posting strong Q3 results with Net Profits surging 204 percent YoY and 32,450 percent QoQ.
Share Price Movement
The shares of Nitiraj Engineers Ltd, with a market capitalization of Rs 252.17 Crores, hit a 20 percent upper circuit at Rs 256.27 per share on Thursday’s trade. And as of 11:30 am, the shares were trading around Rs 248 apiece, which was 16 percent higher than the previous close of Rs 214.
The shares generated a return of 52 percent in the past year, 259 percent in the past 3 years, and 298 percent in the past 5 years respectively.
Q3FY25 Results
The company’s Revenue from Operations increased 83 percent YoY from Rs 20.25 Cr in Q3FY24 to Rs 37.08 Cr in Q3FY25. On a quarterly basis, revenues rose by 195 percent from Rs 12.56 Cr in Q2FY25.
Their Net Profits surged 204 percent YoY from Rs 2.14 Cr in Q3FY24 to Rs 6.51 Cr in Q3FY25. On a quarterly basis, it jumped by 32,450 percent from Rs 0.02 Cr in Q2FY25.
On the operating level, their EBITDA increased by 159 percent, from Rs 3.74 Crores in Q3FY24 to Rs 9.7 Crores in Q3FY25. On a quarterly basis EBITDA rose by 965.9 percent from Rs 0.91 Crores in Q2FY25.
Their EPS rose from Rs 2.09 in Q3FY24 to Rs 6.35 in Q3FY25, and on a quarterly basis, EPS rose from Rs 0.02 in Q2FY25.
Also read: Defence stock crashes after reporting weak Q3 results amid economic slowdown
Company Updates
As per a press release dated December 19, 2024, Nitiraj Engineers Limited has ventured into drones and has been authorized as a “Drone-Remote Pilot Training Organization” by the Directorate General of Civil Aviation, Government of India. Followed by it has manufactured 2 drones and completed field trials.
About Nitiraj Engineers Ltd
Nitiraj Engineers Ltd is one of the leading manufactures of Electronic Weighing Scales and Systems. It also manufactures Currency Counting Machines and a range of Security & Automation Products for various clients. With about 400 dealer network across India, the company produces more than 1 Lakhs scales per year, serving more than 10 Lakhs customers in the country.
Written By Adhvaitha Nayani
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