FII-backed small-cap stock close to record high after Q1 results. Rallies 70% in one year
Small-cap stock at ₹50: Salasar Techno shares have been in uptrend after ushering in the new financial year 2023-24. The small-cap stock priced around ₹50 has risen from near ₹36.55 to ₹52 apiece levels on NSE, logging to the tune of over 40 per cent in the financial year 2023-24. The small-cap stock has risen from ₹29.60 to ₹52 apiece levels, logging more than 70 pe cent in last one year.
Salasar Techno share price today opened upside and went on to hit intraday high of ₹52 per share levels, which is just 12.50 per cent away from its life-time high of ₹58.50 per share levels on NSE. Marker observers are seeing this rise in the small-cap stock after the announcement of Q1 results 2023. The board of directors of the company declared its first quarter results for current financial year on 12th August 2023 in which it reported improvement in its margins and PAT EBIDTA.
In Q1FY24, company's PAT EBIDTA stood at 3.88 per cent, which stood at 3.47 per cent in the corresponding period of the previous financial year. In YoY terms, company's EBIDTA margins improved from 8.02 per cent to 9.01 per cent. The small-cap company reported total revenue at ₹262.35 crore in April to June 2023 quarter, which stood at ₹211.25 crore in first quarter of the previous financial year.
So, the small-cap company reported net rise in total reveue in YoY terms is over 24 per cent. Net PAT of the company stands at ₹10.15 crore in recently ended June 2023 quarter, which was reported at ₹7.32 crore in June 2022 quarter. So, net PAT of the company went up by 38.66 per cent in YoY terms.
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