The shares of information technology services provider gained up to 7 percent after the company’s net profit and revenue increased by 143 percent and 85 percent YoY, respectively in the fourth quarter.
With a market capitalization of Rs 915.89 crore, the shares of NINtec Systems Ltd were trading at Rs 493.05 per share, decreasing around 3.47 percent as compared to the previous closing price of Rs 510.80 apiece.
Looking into the company’s performance, NINtec Systems Ltd revenue increased by 10 percent on a quarter-on-quarter basis from Rs. 17.48 crore in Q3FY24 to Rs. 19.31 crore in Q4FY24. Further, revenue increased by 85 percent year on year, from Rs. 10.41 crore in Q4FY23 to Rs. 19.31 crore in Q4FY24.
NINtec Systems Ltd’s net profit increased by 37 percent on a quarter-on-quarter basis, from Rs. 3.42 crore in Q3FY24 to Rs. 4.67 crore in Q4FY24. Further, net profit increased by 143 percent year on year from Rs. 1.92 crore in Q4FY23 to Rs. 4.67 crore in Q4FY24.
The stock has delivered returns of 11.27 percent in the last six months and a multi-bagger return of 117.23 percent in a year. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 2.17 lakh in a year.
The company’s profitability measures show an incline in return on equity (RoE) from 28.66 percent in FY 21-22 to 41.97 percent in FY 22-23, while, during the same period return on capital employed (RoCE) increased from 36.99 percent to 51.04 percent. In contrast, the net profit margin (NPM) was 21.73 percent in fiscal year 22-23.
NINtec Systems Limited is an India-based global technology company. The Company provides software development services and solutions across the globe, specializing in diverse industry verticals, such as automotive, print media and publishing, banking, financial services and insurance (BFSI), transportation and logistics.
Written by:- Abhishek Singh
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