On Friday, shares of JMJ Fintech Ltd, one of the top gainers on BSE, witnessed a significant increase, soaring by 20% to reach Rs 18.45 per share, up from its previous close of Rs 15.38. A more than fourfold spurt in trading volume was observed for the company’s shares on BSE.
Unveiling of JMJ Fintech’s Quarterly Results
JMJ Fintech Ltd, a front-runner NBFC firm in India, disclosed its quarterly results ending June 30, 2023. This announcement was a key driver behind the stock’s sudden appreciation.
Financial Highlights for Q1FY24:
- Total revenue ascended to Rs 0.78 crore, marking a 1,017.14% growth compared to Q1FY23.
- Operating profit stood at Rs 0.30 crore, reflecting a 330.77% surge over Q1FY23.
- The company posted a Profit After Tax (PAT) of Rs 0.19 crore, a 290% jump compared to Q1FY23.
- The reported Earnings Per Share (EPS) for Q1FY24 is Rs 0.15.
Yearly Performance Metrics: As per the annual results, net sales rose dramatically by 502.05% to reach Rs 3.82 crore. The operating profit skyrocketed by 1,918.87% to touch Rs 1.07 crore, and the net profit leaped by 1,597.96% to Rs 0.83 crore in FY23 compared to FY22.
Company Overview and Stock Market Performance
Engaged in the provision of loans and share trading/investment, JMJ Fintech Ltd boasts a market capitalization of Rs 22.88 crore.
The stock has been on a bull run, climbing 33% in just the last 5 days, increasing by 32% over the past year, and delivering a whopping 140% return over the past two years. This micro-cap stock should definitely be on investors’ radars.
Disclaimer: This article is intended solely for informational purposes and does not constitute investment advice.
