Penny stock engaged in the business of developing, maintaining & operating Airports and allied businesses hits a 5 percent upper circuit in the day’s trade upon posting its Q4FY24 results with an 84 percent jump in Net Profits.
With a market capitalization of Rs. 33 Crores, the shares of Abhishek Integrations Limited hit a 5 percent upper circuit at Rs. 54.40 from its previous day’s close price of Rs. 51.85.
Its Revenue from Operations half yearly grew by 32 percent from Rs. 12.53 Crores in H1FY24 to Rs. 16.52 Crores in H2FY24 and it grew by 4 percent from Rs. 15.93 Crores in H2FY23 to Rs. 16.52 Crores in H2FY24. Annually it generated a revenue of Rs. 26.35 Crores in FY23 to Rs. 29.05 Crores in FY24, indicating a growth of 10 percent.
Its Net profit half yearly grew by 84 percent from Rs. 27.12 Lakhs in H1FY24 to Rs. 49.80 Lakhs in H2FY24 and it grew by 48 percent from Rs. 33.76 Lakhs in H2FY23 to Rs. 49.80 Lakhs in H2FY24. Annually it generated a Net Profit of Rs. 67.24 Lakhs in FY23 to Rs. 76.92 Lakhs in FY24, indicating a growth of 14 percent.
Abhishek Integrations Limited is engaged in the business of developing, maintaining & operating Airports and allied businesses developing, operating, and maintaining high tension (HT) and low tension (LT) electrical and mechanical installation at terminal Buildings of airports, maintenance of ground lighting and many more.
It has a strong customer base with well-known clients like the Airports Authority of India, the Indian Space Research Organization, the Bhabha Atomic Research Centre, the Indian Institute of Management, Indian Institute of Technology, Indian Railways and others.
Written by: Bharath K.S
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