The small-cap stock engaged in the manufacturing distribution transformers hit 16.6 percent on Wednesday after the company reported robust results.
With a market capitalization of ₹1,142 crores, the shares of Indo tech transformers Ltd hiked up by 18 percent from its previous close price of ₹1,003.55 to the intra-trade high of ₹1182.15.
Indo Tech Transformers Ltd’s revenue from operations grew by 46 percent QoQ, from ₹95.81 crores in Q2FY24 to ₹139.87 crores in Q3FY24. On the YoY basis, the revenue from operations grew by 67 percent, rising from ₹83.62 crores in Q3FY23 to ₹139.47 crores in Q3FY24.
During the same timeframe, net profit also increased by 51 percent QoQ, from ₹7.07 crores in Q2FY24 to ₹10.68 crores in Q3FY24 and net profit surged by 178 percent from ₹3.84 crores in Q3FY23 to ₹10.68 crores in Q3FY24, according to the company’s exchange filing.
The Earnings per share of Indo Tech Transformers Ltd rose to ₹10.06 in Q3FY24 from ₹6.66 in Q2FY24 with the par value of ₹10 per share. Furthermore, the stock has delivered a Compound annual growth rate return of 66 percent over the last five years.
As of FY23, Indo Tech Transformers Ltd earned their major portion of revenue from the domestic market (99.9%) accounting for ₹370.8796 crores and the rest (0.1%) came from the international market amounting to ₹0.0253 crores.
In six months the company has delivered a multibagger return of 161 percent, while 475 percent in a year. For example, a shareholder investment of ₹1 lakh in the company a year ago, would be worth ₹5.75 lakhs.
Indo Tech Transformers Ltd specializes in producing and distributing a wide range of transformers, including power, distribution, inverter, and converter units designed for special applications. Its products cater to diverse industries such as transmission, generation, hydro, wind, solar, steel, cement, textiles, utilities, and DESCOMS. The company is located in Kancheepuram district, Tamil Nadu.
Written by: – Praveen R
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