IT stock engaged in IT training hits 20 percent upper circuit to Rs.71.14 after reporting a 590 percent increase in its net profits on a quarterly basis.
Share Price Variation
In Wednesday’s trading session, the share price of Jetking Infotrain Ltd hit an upper price band of 20 percent reaching Rs.71.14 per share, from its previous closing price of Rs.59.29 apiece.
Financial Performance
The uptrend in the stock price was driven by robust financial results, with increases in net profits and revenue from operations.
With a market capitalization of Rs.42 crores, Jetking Infotrain Ltd. reported consolidated revenue from operations of Rs.4.85 crores for the quarter ending June 2024. This marks an 11.5 percent rise from Rs.4.35 crores in the quarter ending March 31, 2024, and a 2 percent increase from Rs.4.76 crores in Q1 FY24.
The company saw a remarkable 590 percent quarter-over-quarter increase in Profit After Tax (PAT), reaching Rs.3.11 crores in Q1 FY25, up from Rs.0.45 crores in Q4 FY24. On a yearly basis, PAT increased from a net loss of Rs.1.01 crores in Q1 FY24.
Jetking Infotrain Ltd. has shown remarkable growth in liquidity and earnings ratios. Its price-to-earnings ratio stands at 11.6, lower than the industry average of 35.2. The company showcases a strong current ratio of 1.29 and a debt-to-equity ratio of 0.04, reflecting solid liquidity.
Also read
Future outlook
India’s ed-tech market is projected to reach $29 billion by 2030, with a robust CAGR of 24 percent from 2025 to 2030.
This growth is fueled by internet penetration, which currently stands at 61 percent. These trends create significant opportunities for Jetking Infotrain to expand its presence in the ed-tech and skill-tech sectors, enhancing access to quality education and training.
Shareholding Pattern
As per the June 2024 shareholding pattern, the promoters of Jetking Infotrain Ltd hold a 50.38 percent stake, while Domestic Institutional Investors hold a 1.37 percent stake. Retail investors, comprising individual investors and others, hold a stake of 48.24 percent in the company.
About the Company
Jetking Infotrain Limited is an Indian computer networking institute, which trains technical and non-technical students. Jetking provides courses like Cloud Computing, Cyber Security,
Gaming and Metaverse Design, Block Chain, and Technical Support Engineering which entail students’ education in the field of IT Industry.
Jetking Infotrain is a leading IT education provider with over 11,000 training centers in India. It has trained over 1.1 million students in hardware, networking, and digital technologies.
The institute connects graduates with more than 12,000 recruiters, enhancing job placement opportunities.
Written by – Siddesh S Raskar
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.
