Smallcap stock surges 10% after reporting 70% YoY jump in Q2 PAT
smallcap company Netweb Technologies surged 10% to its new all-time high of Rs 2,949.65 on the BSE after reporting a 69.7% YoY (year-on-year) jump in its profit after tax (PAT) to Rs 25.7 crore.
The same stood at Rs 15.14 crore in the second quarter of the financial year 2024.
The company also reported a 71% YoY increase in its total income, which stood at Rs 253.10 crore for the quarter against Rs 148 crore in the corresponding quarter of the last fiscal year.
Netweb’s EBITA was recorded at Rs 37.8 crore in Q2FY25, an increase of 69.7% YoY, while the EBITDA margins stood at 15%.
Meanwhile, the company’s order book was reported at Rs 369.7 crore as on September 2024 against Rs 217.4 crore as on September 2023.
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