During Thursday’s trading session, the shares of this micro-cap company hit a 5 percent upper circuit at Rs. 380.7 on NSE, after reporting Q2 FY25 results with a rise in net profit by nearly 997 percent YoY.
With a market cap of Rs. 469.8 crores, the shares of S&S Power Switchgear Limited opened in the green at Rs. 380.7, as compared to its previous closing price of Rs. 362.6.
What’s the news:
The fluctuations in the share prices were observed after S&S Power Switchgear Limited announced the financial results for Q2 FY25, through the recent filings with the stock exchanges on Thursday during market hours.
For Q2 FY25, S&S Power Switchgear Limited reported revenue from operations of Rs. 54.5 crores, reflecting a significant growth of around 50.6 percent QoQ from Rs. 36.2 crores in Q1 FY25, and increased by about 62 percent YoY from Rs. 33.7 crores in Q2 FY24.
The company’s net profit for Q2 FY25 grew to a profit of Rs. 3.84 crores, marking a substantial turnaround from a loss of Rs. 2.2 crores in Q1 FY25, and a year-on-year growth of nearly 997.2 percent from Rs. 0.35 crores in Q2 FY24.
Shareholding Pattern:
As per the September 2024 shareholding pattern, the Promoters hold a 74.98 percent stake in the company, while Retail Investors and Domestic Institutional Investors (DII) hold a 24.8 percent and 0.21 percent stake in S&S Power Switchgear, respectively.
Stock Performance:
The stock has delivered multibagger returns of nearly 168.7 percent in one year, while around 42.4 percent of positive returns in the last six months. So far in 2024, the shares of S&S Power Switchgear have given multibagger returns of about 112.7 percent.
About the company:
S&S Power Switchgear Limited is primarily engaged in the business of Transmission & Distribution of the Equipment Industry, power sector focussed Switchgear, P&C Solutions and associated electrical systems, products and services.
Written by Shivani Singh
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