The shares of this fintech company surged 6 percent on NSE after increasing net profit by 195 percent YoY in H1 FY24. The company was recently listed in April, and since then the stock has given around 13 percent return to its stakeholders.
With a market capitalization of Rs. 235 crores, the shares of MOS Utility Ltd opened today’s trading session flat at Rs. 92.30. The share hit an intraday high at Rs. 113.04 making a gain of around 6 percent and closed the day at Rs. 100 apiece.
Such a positive movement in the stock was observed after the company announced its half-yearly results. The company’s revenue increased by 58 percent from Rs. 52.84 crores during H2 FY23 to Rs. 83.72 crores in H1 FY24. In addition, the net profit increased by 54 percent from Rs. 3.72 crores to Rs. 5.76 crores during the same period.
Comparing these metrics on a YoY basis, the revenue jumped by 65 percent from Rs. 53.30 crores during H1 FY23 to Rs. 83.72 crores in H1 FY24. Furthermore, the net profit magnified by 195 percent from Rs. 1.96 crores to Rs. 5.76 crores during the timeframe.
Looking at the important financial ratios, the return on equity (RoE) declined from 41.08 percent in FY 21-22 to 31.97 percent during FY 22-23. Moreover, the return on capital employed ( RoCE) decreased from 22.17 percent to 31.09 percent during the same above-mentioned period.
According to the latest shareholding pattern, Promoters have a 64.67 percent stake in the company, the Public has 29.25 percent of holdings, FIIs have 4.73 percent shares and the remaining 1.34 percent stake are with DIIs.
Headquartered in Mumbai, MOS Utility Ltd was incorporated in the year 2009. MOS Utility Limited is a fintech company that provides digital products and services in the business-to-customer (B2C), business-to-business (B2B), and financial technology arenas.
Written By Vaibhav Patil
