The shares of this NBFC penny stock surged around 14% in today’s trade after posting a jump in Net profits of around 1500% YoY in Q3FY25.
Share Price Movement
The shares of Advik Capital with a market capitalization of Rs 133.87 Crores, rose as much as 14% with an intraday high of Rs 2.27 per share and closed at Rs 2.21 per share, 11% higher than its previous close of 1.99.
Reason for the Rise
The company posted a jump in Net Profits of around 1464% YoY from Rs 0.47 Crores in Q3FY24 to Rs 7.35 Crores in Q3FY25. On a Quarterly basis, Net profits rose from a Net loss of Rs 0.24 Crores in Q2FY25.
Its Revenue from operations however declined by 69% from Rs 210 Crores in Q3FY24 to Rs 66 Crores in Q3FY25. On a Quarterly basis, it declined by 35% from Rs 102 Crores.
Recent Updates
During the quarter, the Company sold a total of 6,00,000 equity shares representing 40% of the issued and paid-up share capital of its wholly owned subsidiary, Advikopto Electronics Limited, for Rs. 25 per share. As a result of this sale, Advikopto Electronics Limited has ceased to be a subsidiary of the Company.
About Advik Capital
Advik Capital, incorporated in 1985, is one of the emerging Non-deposits taking Non- Banking Finance Company (NBFC) registered with the Reserve Bank of India.
It is carrying on the Business of investing funds, assisting the financial accommodation by way of loans/advances to industrial concerns, and undertaking the business of leasing and to finance lease operations of all kinds, purchasing, selling, hiring or letting on hire or all kinds of plant and machinery.
Other Business
The Company has one Subsidiary Company and one Group Company, named: Advik Optoelectronics Limited which is a manufacturing unit of LED lights, LED Sinages, LED Emergency Lights & all other types of signage, and Advik Global Limited which is a trading company that takes Government tenders and engage in import and export filed.
Written By Adhvaitha Nayani
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