On Friday, the microcap stock hit its 5 percent upper circuit of Rs 461.05 from its previous close of Rs 439.10 after the company announced it received a purchase order from m Nvidia Corporation, USA.
According to the filling of eYantra Ventures Limited, the company has received an international order worth 9 lakhs US dollars from Nvidia Corporation, USA for staffing service, the order period is one year.
Looking at the eYantra Ventures Limited financials, the net revenue increased by 387 percent year over year, from Rs 0.46 crore in Q2FY23 to Rs 2.24 crore in Q2FY24. Their revenue rose by 35 percent sequentially from Rs 1.65 crore in Q1FY24 to the current levels.
In addition, the company’s net profit rose by 36 percent year over year, from Rs 0.11 crores in Q2FY23 to Rs 0.07 crores in Q2FY24. Their profit climbed from Rs 0.07 crore in Q1FY24 to the current levels on a quarterly basis, a 75 percent increase.
eYantra Ventures Ltd is a micro-cap company with a market capitalization of Rs 83.88 crores. The promoter owns 67 percent of the company and the general public owns 33 percent.
The share price of the company rose 43 percent in the last six months and 4,358 percent in a year. For instance, if an investor invested Rs 1 Lakh last year the current value of the investment will be around 53 lakhs.
The company Eyantra venture maintains zero debt with a return on equity ratio of 28 percent, a return on capital employed of 36 percent with a net profit margin of 10.5 percent.
Eyantra Ventures Ltd, founded in 1984, trades diamonds as well as trades and invests in shares, securities, and other financial instruments.
Written by Sriram KV
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