Share price of this micro-cap IT stock involved in information media and software development hit 20% upper circuit to Rs. 158.9 in Tuesday’s trading session, after the company announced robust financial results for Q4 FY23-24 with a 93% YoY increase in the net profit. 

With a market capitalisation of Rs. 40.2 crores, the shares of Netlink Solutions (India) Limited moved up by 2 percent on BSE and opened at Rs, 135.1, compared to its previous closing price of Rs. 132.45. 

The company has delivered about 162.9 percent of multibagger returns in the last one year and nearly 92 percent of positive returns in the last six months. So far in 2024, it has given positive returns of around 32.8 percent 

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The fluctuations in the share prices were observed after the company announced its financial results on Tuesday for Q4 FY23-24 and FY24, through the recent filings with the BSE. 

The net profit of the company improved by 62.4 percent, from Rs. 2.77 crore in Q4 FY22-23 to Rs. 4.5 crore in Q4 FY23-24, while the net profit jumped by nearly 93 percent, from Rs. 4.77 crore in FY22-23 to Rs. 9.2 crore in FY23-24. 

The revenue from operations in Q4 FY23-24 stood at Rs. 1.84 crore representing a growth of 34.3 percent as compared to Rs. 1.37 crore in Q4 FY22-23; however, it declined by 6.2 percent on a year-on-year basis, from Rs. 2.09 crore in FY22-23 to Rs. 1.96 crore in FY23-24. 

As of March 2024, the Promoters’ as well as Public holdings remains unchanged at 65.96 percent and 34.03 percent, respectively. 

Incorporated in 1984, Netlink Solutions (India) Limited is engaged in the business of web designing, print media and investment of surplus funds in equity shares. 

The company is involved in information media (advertisement and exhibition related income), and software development. 

The company owns and manages three key business divisions: Aditya Infotech, Gifts & Accessories E-Magazine, and Corporate gift show, which is in liaison with world renowned trade show organiser Messe Frankfurt. 

Written by Shivani Singh


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