The shares of this micro-cap company jumped 8 percent from its intraday high after the company received a new work order valued at Rs 23 crore from Samagra Shiksha, Dehradun.
Alankit Ltd has a market capitalization of Rs 646.17 crore, the shares were trading at Rs 23.99 per share, increasing around 1.27 percent as compared to the previous closing price of Rs 23.69 apiece.
Matter Description:-
The shares of the company have seen positive movement after Alankit Ltd received a new work order valued at Rs 23 crore from Samagra Shiksha, Dehradun to onboard 955 teachers across 13 districts of Uttarakhand. This initiative aims to enhance education quality and streamline teachers’ recruitment process in Uttarakhand.
Moreover, Alankit Limited has inaugurated a new office in Dehradun, Uttarakhand, serving as the operational hub to facilitate smooth coordination and efficient project management, and has commenced the work.
Financial performance:-
Looking forward to Alankit’s financial strength, revenue plummeted by 38 percent from Rs 148.18 crore in Q4FY23 to Rs 91.16 crore in Q4FY24 but during the same period of time, net profit magnified by 15 percent from Rs 5.6 crore to Rs 6.47 crore.
Strong network:-
Alankit exceeds expectations by promptly delivering e-governance solutions to many individuals around the country via a strong system spanning more than 673 metropolitan communities and 10,000 commercial sectors.
Ratio analysis:-
The company’s critical ratios show that the return on equity increased from (20.95) percent in FY22-23 to 7.80 percent in FY23-24, while the return on capital employed increased from 6.67 percent to 9.17 percent. The net profit margin (NPM) for fiscal year 23-24 is 9.32 percent.
Company profile:-
Alankit Limited is an India-based firm that provides e-governance services and solutions, as well as auxiliary services connected to the e-governance industry. The company’s segments include E-Gov Product, E-Gov Services, and Financial Services.
Written by:- Abhishek Singh
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