Revenue growth refers to the increase in a company’s total income over a specific period, often measured quarterly or annually. It reflects the effectiveness of a company’s business operations, sales strategies, and market demand for its products or services. Sustainable revenue growth is crucial for enhancing profitability and shareholder value.
Here are the 3 stocks with revenue growth of up to 168 percent in a year:
Tejas Networks Ltd
Tejas Networks Limited manufactures wired and wireless telecom and data networking solutions. The company designs, develops, and produces high-speed communication network equipment that transports voice, data, and video traffic via fixed-line, mobile, and broadband networks.
With a market capitalization of Rs 19,533.27 crore, on Tuesday, the shares closed at Rs 1,144.25 per share, increased around 2.37 percent as compared to the previous closing period.
As of Q4FY24, the firm’s order book was valued at Rs. 8,221 crore. Previously, its subsidiary company Saankhya Labs was awarded a Rs. 96.4 crore provisional purchase order from NSIL (Department of Space) for the installation of two-way Satcom Xponders for communication and support systems on marine fishing vessels.
The company’s consolidated revenue numbers have showcased an increase from Rs 920 crores during Q3FY23 to Rs 2,471 crores in QFY24. The company has a revenue growth for a year is 168 Percent.
Cyient DLM Ltd
Cyient DLM has been a reliable electronics and mechanical manufacturing partner, as well as a systems provider, for some of the world’s leading companies in a variety of sectors. As an integrated manufacturing partner offering Design Led Manufacturing (DLM) solutions.
With a market capitalization of Rs 5,495.12 crore, on Tuesday, the shares closed at Rs 692.90 per share, increased around 0.35 percent as compared to the previous closing period.
As of Q4FY24, the firm’s order book was valued Rs. 8,221 crore. Previously, its subsidiary company Saankhya Labs was awarded a Rs. 96.4 crore provisional purchase order from NSIL (Department of Space) for the installation of two-way Satcom Xponders for communication and support systems on marine fishing vessels.
The company’s consolidated revenue numbers have showcased an increase from Rs 832 crores during Q3FY23 to Rs 1,192 crores in Q4FY24. The company has a revenue growth for a year is 43 Percent.
Angel One Ltd
Angel One Ltd is a diversified financial services company that specializes in stock, commodity, and currency broking, institutional broking, margin trading, depository services, and mutual fund distribution, lending as an NBFC, and corporate agents for insurance companies.
With a market capitalization of Rs 25,073.63 crore, on Tuesday, the shares closed at Rs 2,789.05 per share, increased around 0.91 percent as compared to the previous closing period.
Over 39 million app downloads demonstrate the company’s tremendous reach, indicating a solid user base of 13.8 million customers. Angel One Limited, with its unique approach and digital skills, continues to play an important role in creating the financial environment for millions of Indians.
The company’s consolidated revenue numbers have showcased an increase from Rs 3,002 crores during Q3FY23 to Rs 4,272 crores in Q4FY24. The company has a revenue growth for a year is 42 Percent.
Written by:- Abhishek Singh
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