During Friday’s trading session, shares of a micro-cap company involved in the telecom and communication infrastructure hit a 10 percent upper circuit on NSE, after announcing Q4 FY25 financial results with a rise in revenue from operations by around 238 percent YoY.
With a market cap of Rs. 416.3 crores, the shares of Kore Digital Limited hit a 10 percent upper circuit at Rs. 346.2 on NSE, as against its previous closing price of Rs. 314.75. The stock hit its 52-week high at Rs. 952.05 on 12th September 2024, and compared to its current price level, the stock is trading at a discount of nearly 64 percent.
What’s the News
According to the latest regulatory filings on NSE, Kore Digital Limited announced its financial results for Q4 FY25 post-market hours on Thursday. For Q4 FY25, Kore Digital reported a consolidated revenue from operations of Rs. 116.5 crores, reflecting a marginal decline of around 2.4 percent QoQ from Rs. 119.4 crores in Q3 FY25. However, on a year-on-year (YoY) basis, revenue surged by around 238 percent, up from Rs. 34.5 crore reported in Q4 FY24.
Net profit for the quarter stood at Rs. 12 crores, marking a roughly 5 percent QoQ decline from Rs. 12.6 crores reported in the previous quarter, while registering an annual increase of around 167 percent from Rs. 4.5 crores in Q4 FY24.
Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) for Q4 FY25 amounted to Rs. 17 crores, down by around 10.5 percent from Rs. 19 crores in Q3 FY25. EBITDA margin also contracted to 15 percent, compared to 16 percent in the previous quarter.
Kore Digital Limited is engaged in the business of Telecom and Communication Infrastructure. It is a growing passive telecommunication infrastructure provider in Maharashtra, engaged primarily in the business of installing and commissioning poles, towers, and Optical Fibre Cable (OFC) systems in the state.
Written by Shivani Singh
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