The shares of this microcap company locked a 2 percent lower despite reporting an increase in net profits by 282 percent. In one year, the stock has delivered more than a 200 percent return to its shareholders.
Price Movement:
With a market capitalization of Rs. 204 crores, the shares of Shradha AI Technologies Ltd started Monday’s trading session on a lower note at Rs. 83.86 clocking a 2 percent lower circuit compared to its previous close of Rs. 85.57 apiece.
What Happened:
Looking at the company’s financial statements, the revenue decreased by around 24 percent from Rs. 3.96 crores during the March quarter to Rs. 3.01 crores in the June quarter. On the other hand, the net profits declined by around 9 percent from Rs. 1.84 crores to Rs. 1.68 crores during the same period.
Comparing the same metrics on a YoY basis, the revenue decreased marginally by around 2 percent from Rs. 3.08 crores during Q1FY24 to Rs. 3.01 crores in Q1FY25. Contrastingly, the net profits magnified by around 282 percent from Rs. 44 lakhs to Rs. 1.68 crores during the same timeframe.
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Important Financial Ratios:
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 11.44 percent and a return on capital employed (RoCE) of 15.08 percent for the period spanning FY23-24. Additionally, during the same period, the net profit margin stood at 37 percent.
Services:
Shradha AI Technologies offers a comprehensive range of services aimed at enhancing digital experiences for businesses.
Their main services include cloud computing, data centre services, customized software development, artificial intelligence and machine learning, data science, IT hardware solutions, network and infrastructure services and mailing solutions.
These services cater to organizations of all sizes, from startups to established corporations, ensuring that technology effectively supports their operational goals.
Shareholding Pattern:
According to the latest shareholding pattern, the Promoters hold 74.66 percent of the shares, while Retail Investors own the remaining 25.34 percent.
Company Profile:
Incorporated in 1990, Shradha AI Technologies is an IT services company that specializes in providing a wide range of solutions, including cloud computing, web design, email management, and UI/UX design.
Written By Vaibhav Patil
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