Small-cap metal stock reports 365% growth in standalone total earnings in October to December 2022 quarter
Since the beginning of the new year 2023, there has been a bullish trend in the shares of BSE listed Manexia. In year-to-date (YTD) time, this small-cap stock has gained from around ₹77 to ₹144, gaining 85 per cent in the last year. This time. In fact, the stock has given 85 per cent returns in the last one month as it remained positive for the first fortnight in January 2023. After rallying over 85 per cent in the last one month, this small-cap metal stock has reported strong results for Q3FY23.
In Q3FY23, the standalone total income of this small-cap metals company stood at ₹34.38 crore, which is almost 365 per cent higher than the standalone total income of ₹7.41 crore in the October to December quarter in the previous financial year. On a quarter-on-quarter (QoQ) basis, the metals company reported a 70 percent growth in standalone total income as compared to its Q2FY23 standalone income of ₹20.24 crore.
The metals company has reported a net profit of ₹6.20 crore for the October to December 2022 quarter, as against a loss of ₹27 lakh in the corresponding quarter of the previous financial year. On a QoQ basis, the company has reported an increase in standalone net profit from ₹65.25 lakh in Q2FY23 to ₹6.20 crore standalone net profit in Q3FY23, a nearly 850 percent QoQ increase in standalone net profit.
The metals company had reported a standalone comprehensive loss of around ₹27 lakh in Q3FY22 which is now at ₹6.20 crore in Q3FY20. On a QoQ basis, the company's standalone comprehensive income grew from ₹65.79 Lakh in Q2FY23 to ₹6.20 Crore in Q3FY23.
Click here to read the latest news of the stock market
This small-cap metal stock has gained more than 10 per cent in last five sessions. In the past one month, this small-cap stock has rallied from around ₹77 to ₹144 per share, gaining 85 per cent in this time. The stock has given nearly 90 per cent return to its shareholders in the last one year. In the last 5 years, this metal stock has given 130% return to its long term positional shareholders.
The small-cap stock is available for trading on both NSE and BSE. On NSE, it has a current trading volume of 6.41 lakh with about two and a half hours of trading remaining in the Wednesday session.
No comments:
Post a Comment