Multibagger NSE SME stock Lagnam Spintex hits lifetime high after Q4 results 2024. Share jumps 225% in one year
Multibagger stock: Shares of Lagnam Spintex Ltd are one such example in the Indian stock market. The NSE-listed SME stock has been in an uptrend after bottoming out at around ₹107 apiece on 13th March 2024. However, the small-cap multibagger stock still has some upside steam.
Lagnam Spintex share price today opened upside and touched an intraday high of ₹163.25 apiece during morning deals. While climbing to this intraday high, the multibagger stock touched a new lifetime high as well. Lagnam Spintex shares have risen after the announcement of Q4 results 2024 on 29th April 2024.
In Q4 results for FY24, the small-cap company reported a 66 per cent YoY rise in revenue while the company's EBITDA shot up over 165 per cent YoY. In Q4FY24, Lagnam Spintex reported a total revenue of ₹149.82 crore, which is 66 per cent higher than the total revenue of ₹90.41 crore in Q4FY23. In Q4 results 2024, the company reported an EBITDA of ₹20.03 crore, recording a 168 per cent YoY rise against the EBITDA of ₹7.47 crore.
The company's PAT (Profit After Tax) grew by 380 percent YoY to ₹7.30 crore, which stood at ₹1.52 crore in Q4FY23. In one month, Lagnam Spintex's share price has ascended from nearly ₹126.50 to ₹163.25 apiece, logging around a 30 per cent rise in this period. In YTD time, the small-cap multi-bagger stock has shot up from ₹86.45 to ₹163.25 per share levels, clocking nearly a 90 per cent rise in this time horizon.
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