India Cements Capital Ltd, a prominent NBFC company in India, recently released its quarterly and annual financial results for the fiscal year ending on March 31, 2023. Here are the key details:
Quarterly Updates (Q4FY23): The total revenue stood at Rs 1.23 crore, marking a substantial 69.10% increase compared to Q4FY22. The EBITDA stood at Rs 0.32 crore, experiencing a significant surge of 187.36% compared to Q4FY22. The profit after tax stood at Rs 0.18 crore, witnessing an impressive growth of 2,833.33 % compared to Q4FY22. The EPS for Q4FY23 stood at Rs 0.08.
Annual Updates (FY23): The total revenue stood at Rs 4.53 crore, showing a noteworthy growth of 80.13% compared to FY22. The EBITDA stood at Rs 0.98 crore, exhibiting a substantial rise of 108.03% compared to FY22. The profit after tax: Rs 0.72 crore, reflecting a remarkable increase of 193.88 % compared to FY22. The EPS for FY23 stood at Rs 0.34.
India Cements Capital Ltd (ICCL) is an associate company of India Cements Ltd and provides services such as money-changing, forex market advisory to exporters and importers, and comprehensive travel-related services including ticketing, hotel bookings and visa processing. It is also involved in share broking activities.
As of March 2023, the maximum stake of the company is owned by the promoters of the company (74.90%) and the rest of the stake is owned by the general public (25.10%).
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On Friday, the shares of India Cements Capital surged 20% upper circuit to an intraday high of Rs 12.22 per share from its previous closing of Rs 10.19. At 10:00 am, shares of the company were trading at Rs 12.05 per share, up 18.25%. The shares of the company saw heavy buying with a spurt in volume by more than 4 times on BSE.
Over the past two years, the stock has witnessed a 65% increase and over the past three years, it has seen an impressive growth of over 300 %. Investors should closely monitor this micro-cap stock.