The shares of the digital media services provider hit 5 percent upper circuit after the company won a prestigious contract from Maharashtra Tourism and Bureau of Indian Standard.
With a market capitalization of Rs 593.67 crore, the shares of Cressanda Solutions Ltd were trading at Rs 14.03 per share, increasing around 4.94 percent as compared to the previous closing price of Rs 13.37 apiece.
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Reason for Rise:-
The company shares have seen bullish movement after Cressanda Solutions Ltd won a prestigious contract from Maharashtra Tourism and Bureau of Indian standard for high-impact train warp advertisting. This contract includes the installation of external wraps on 16 express trains and 1 express train, respectively.
Moreover, the chosen trains provide premium long-distance services for high-end passengers traveling to diverse locations. Government organizations strategically employ transit media to reach a large audience with effective advertising. This effort attempts to efficiently promote new initiatives and raise public awareness.
Financial analysis:-
Examining the company’s financial performance, revenue magnified 24 percent from Rs 14.13 crore in Q1FY24 to Rs 17.48 crore in Q1FY25, and during the same period of time, net profit zoomed 1,583 percent from Rs 0.12 crore to Rs 2.02 crore.
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Ratio analysis:-
The company’s critical ratios show that the return on equity zoomed from 6.27 percent in FY22-23 to 8.73 percent in FY23-24, while the return on capital employed dipped from 8.27 percent to 7.45 percent. The net profit margin (NPM) for fiscal year 23-24 is 6.74 percent.
Shareholding pattern:-
In the company’s recent shareholding pattern, Domestic Institutional Investors own 0.02 percent while Retail shareholders own a 99.45 percent stake in the company and foreign Institutional Investors own a 0.46 percent stake.
Company profile:-
Cressanda Solutions offers IT, digital media, and IT-enabled services, with an emphasis on Technology nXT and Infra nXT. Technology nXT optimizes company processes, shortens turnaround times and provides cost-effective, standardized solutions with domain expertise to increase client value.
Written by:- Abhishek Singh
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