Multibagger Event and Media solutions provider hit 10 percent upper circuit in the day’s trade after it declared its quarter ended September (Q2FY24) results with a jump in revenue from operations and Net Profit by 61 percent and 57 percent YoY.
At 12:35 p.m the shares of Exhicon Events Media Solutions Limited were trading at Rs. 345.05, up 9.94 percent from its previous day close price of Rs. 313.85 and its market capitalization is Rs. 410 Crores.
Exhicon Events Media Solutions Limited has reported a 61.31 percent YoY jump in its Revenue from operations from Rs. 29.31 Crores in Q2FY23 to Rs. 47.28 Crores in Q2FY24 and it grew 60.10 percent QoQ from Rs. 29.53 Crores in Q1FY24 to Rs. 47.28 Crores in Q2FY24.
Its Net Profit grew 57.32 percent YoY from Rs. 4.71 Crore in Q2FY23 to Rs. 7.41 Crore in Q2FY24 and it grew 66.89 percent QoQ from Rs. 4.44 Crore in Q1FY24 to Rs. 7.41 Crore in Q2FY24.
It has delivered multibagger returns of 413 percent in a year and 159 percent in the last six months. A shareholders investment of Rs. 1 lakh in the company would be worth Rs. 5.13 lakh in a year.
The company’s revenue grew 26.95 percent from Rs. 46.35 Crores in FY22 to Rs. 58.84 Crores in FY23, accompanied by increasing profits of Rs. 4.31 Crore to Rs. 9.16 Crore.
It has reported a return on equity (ROE) of 79.41 percent and a return on capital employed (ROCE) of 100.83 percent, it is making very good returns on its equity and capital employed.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold 62.25 percent stake, the Domestic Institutional Investors hold 3.65 percent and the Foreign Institutional Investors (FII) hold 0.00 percent.
Exhicon Events Media Solutions Limited is the only organisation in Asia that serves with the full array of products and services for TradeFairs and Events Sector, from Media to Integrated Marketing Solutions, From Temporary to Permanent Event Infrastructure from Management to Organising.
Written by Bharath KS
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
