Micro-Cap stock engaged in the business of providing Internet solutions for data voice, security, and software development jumped 9 percent in the day’s trade upon posting its Q4FY24 results with a 6,335 percent jump in Net Profits
With a market capitalization of Rs. 278 Crores, the shares of Nettlinx Limited were trading at Rs. 115, up 7 percent from its previous day’s close price of rs. 107.40.
Its revenue from operations grew by 117 percent YoY from Rs. 5.46 Crores in Q4FY23 to Rs. 11.87 Crores in Q4FY24 and it grew by 86 percent QoQ from Rs. 6.37 Crores in Q3FY24 to Rs. 11.87 Crores in Q4FY24. Annually it generated a revenue of Rs. 21.66 Crores in FY23 and Rs. 32.74 Crores in FY24 indicating a growth of 51 percent YoY.
Its Net Profit grew by 6,335 percent YoY from Rs. 5.40 Lakhs in Q4FY23 to Rs.3.47 Crores in Q4FY24 and it grew by 196 percent QoQ from Rs. 1.17 Crores in Q3FY24 to Rs. 3.47 Crores in Q4FY24. Annually it generated a profit of Rs. 8.14 Crores in FY24 from a loss of Rs. 21.74 Lakhs.
Nettlinx Limited is engaged in the business of providing Internet solutions for data voice, security, and software development like Network Management Services, Data Centre, Bandwidth Services, Wireless Broadband Services, Web development, Web hosting and many more.
It has a strong clientele base with well-known players like Medplus, Taj, TV9, Encore, Aurobindo, Gemini, Hyderabad Metro Rail, Cafe Coffee Day, and many others.
Written by: Bharath K.S
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