During Wednesday’s trading session, the shares of this micro-cap company surged by around 10.7 percent to Rs. 13.01 on BSE, after reporting H1 FY25 results with a rise in revenue from operations by nearly 188 percent YoY.
With a market cap of Rs. 9.92 crores, at 02:12 p.m., the shares of Jonjua Overseas Limited were trading in the green at Rs. 12.52, up by nearly 6.6 percent, as compared to its previous closing price of Rs. 11.75.
What’s the news:
The fluctuations in the share prices were observed after Jonjua Overseas Limited announced the financial results for H1 FY25, through the recent filings with the BSE on Tuesday post-market hours.
In H1 FY25, the revenue from operations reached Rs. 2.82 crores, marking a half-yearly marginal decline of around 4.7 percent from Rs. 2.96 crores in H2 FY24, but a nearly 188 percent rise year-on-year from Rs. 0.98 crores in H1 FY24.
Further, Jonjua Overseas experienced a year-on-year net profit growth of 36 percent, reaching Rs. 0.87 crores in H1 FY25, up from Rs. 0.64 crores in H1 FY24, and a rise of 53 percent marking a half-yearly growth from Rs. 0.57 crores in H2 FY24.
The company’s total income has increased substantially this time to Rs. 3 crores for the half-year ended on 30th September 2024 from Rs. 1.21 crores for the same period ended last year.
Earnings per share (EPS) has increased to Rs. 1.1 per share for the half-year ended on 30th September 2024, compared to Rs. 0.71 for the previous half-year ended on 31st March 2024.
According to the management, the primary focus of Jonjua Overseas Limited has been to drive the growth of the company, with the aim of reaching greater heights. The company is committed to continuing its efforts in this direction. To support this goal, Jonjua Overseas Limited has engaged in trading unlisted paper shares and printed books.
Recent Developments:
On 6th November, HSJONJUA AEROINFRA Private Limited entered into a Position Reservation Agreement with Piper Aircraft, Inc. for the supply of two Piper Archer DX aircraft.
The company has signed an agreement with Jonjua Air Limited, which will operate the aircraft as an Air Taxi Service based out of Mohali International Airport.
The Piper Archer DX is ideal for Air Taxi operations, offering a diesel-powered engine, advanced technology, and superior fuel efficiency.
This Air Taxi Service will facilitate connections between Mohali, Punjab, and several destinations in Himachal Pradesh, including Shimla Airport and Kullu-Manali Airport, as well as key religious sites like Mata Vaishno Devi in Jammu & Kashmir, and Badri Nath Ji and Hemkund Sahib in Uttarakhand, through nearby airports.
Jonjua Overseas Limited serves as the consultant for Jonjua Air Limited. Shareholding Pattern:
As per the September 2024 shareholding pattern, the Promoters hold a 22.89 percent stake in the company, while the remaining 77.1 percent is held by Retail Investors in Jonjua Overseas.
Stock Performance:
The stock has delivered negative returns of nearly 0.3 percent in one year, while around 19.2 percent of positive returns in the last six months. So far in 2024, the shares of Jonjua Overseas have given positive returns of about 16.5 percent.
About the company:
Incorporated in 1993 in Punjab, Jonjua Overseas Limited operates as an IT-enables and certified service provider offering IT solutions & business services including startup consultancy, outsourcing services, project finance and IPO, legal and accounts outsourcing, website and software development, business planning and cross border marketing services.
Jonjua Overseas is also engaged in various businesses including agriculture, and organic manure, along with the sale of printed books & e-books, brochures, flyers, letterheads, pamphlets, marketing material and others.
Written by Shivani Singh
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