The shares of this microcap stock engaged in manufacturing and exporting electrical cables jumped 4.5 percent on Tuesday after the announcement of its Q3 results with a 162.2 percent year-on-year rise in revenue from operations.
Price Action
With a market capitalization of Rs 193.36 crore, Ultracab (India) Ltd rose 4.5 percent in Tuesday’s trading session and made a high of Rs 15.39 per share compared to its previous closing price of Rs 14.73 per share. The stock reiterated from its day’s high and was trading at Rs 14.90 which is 1.15 percent higher than the previous closing price.
What Happened
Ultracab (India) Ltd stock surged after the company reported its Q3FY24-25 results. Its revenue from operations grew by 162.2 percent year on year from Rs 25.7 crore to Rs 67.4 crore in Q3FY25 and it grew by 3 percent QoQ from Rs 65.4 crore in Q2FY25.
The company’s net profit surged 64 percent from Rs 1.6 crore to Rs 2.7 crore in Q3FY25. On a quarter-on-quarter basis, the net profit rose by 8 percent from Rs 2.5 crores.
Further the company’s EPS substantially increased by 64.7 percent from Rs 0.17 to Rs 0.28
Company Overview
Ultracab India Ltd. is a leading manufacturer and exporter of electric wires and cables, having established a strong presence in the market for more than 22 years. They started with the production of just PVC wires and cables and have now expanded to many global markets
From raw material sourcing to the final product, all activities are managed in-house. The company is an approved vendor for over 100 government entities and a trusted supplier to more than 50 major corporations, including Vedanta, Aditya Birla, Reliance, Adani among many others with state-of-the-art machinery.
Written by Shwetha Sairam
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