Stock held by Vijay Kedia engaged in providing robotic and automation solutions for Industrial Automation and many others jumped 19 percent in the day’s trade upon posting its Q4FY24 results with a 197% jump in Net Profits.
With a market capitalization of Rs. 698 Crores, the shares of Affordable Robotic & Automation Limited were trading at Rs. 621 per equity share, up 10 percent from its previous day’s close price of Rs. 567.
Its Revenue from operations half yearly grew by 172 percent from Rs. 51.19 Crores in H1FY24 to Rs. 138.97 Crores in H2FY24. Annually it generated a Net Profit of Rs. 134.02 Crores in FY23 to Rs. 190.16 Crores in FY24, indicating a growth of 42 percent
It has reported a profit of Rs. 13.22 Crores in H2FY24 from a loss of Rs. 6.79 Crores in H1FY24. Annually it generated a Net Profit of Rs. 2.16 Crores in FY23 to Rs. 6.42 Crores in FY24, indicating a growth of 197 percent.
Ace Investor Vijay Kedia holds a 9.93 percent stake in the company consisting of 11.16 Lakh equity shares. He made a fresh entry into the company in September 2018 by purchasing a 10.53 percent stake in the company consisting of 10.73 lakh equity shares.
Affordable Robotic & Automation Limited is an automation solution provider for industrial automation needs such as Line Automation, assembly lines, conveyors, robotic inspection stations, pick and place systems, auto assembly stations, hydraulic, gauges, and fixtures.
Its products and services include one-stop parking solutions, industrial automation and warehouse automation one-stop parking solutions, industrial automation, warehouse automation, maintenance services, and many more.
It has reported a return on equity (ROE) of 3.83 percent, a return on capital employed (ROCE) of 7.74 percent, and a debt-to-equity ratio of 0.81.
Written by: Bharath K.S
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