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Stock Under Rs 50: This Penny Stock Announces Superb results

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Stock Under Rs 50: This Penny Stock Announces Superb results

In this article we know about a Stock Under Rs 50: This Penny Stock Announces Superb results.

Vascon Engineers’ stock rose more than 1.8% on Wednesday, reaching an intraday high of Rs 39.39. The scrip experienced a significant surge in volume.

The company’s sales increased by more than 52% year on year in Q4FY23, reaching Rs 331.08 crore. The company’s EBITDA level reached at Rs 57.97 crore, a growth of more than 146% from the March 2022 quarter. The company’s net profit increased by more than 358 percent from the same quarter previous year to Rs 49.62 crore. In F23, the company’s order book amounted at Rs 2127 crore. The order book has expanded twofold during FY19, thanks to increased contributions from the government sector.

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The business told the exchange on March 23, 2023 that it has got a letter of acceptance for Rs 158.09 crore from Superintending Engineer PMGSY Circle, U.P.P.W.D, Uttar Pradesh.

The firm is still receiving new orders, as it recently obtained a letter of acceptance for Rs 95.92 crore from the Pune Metropolitan Region Development Authority for the development of residential quarters and a welfare complex.

Vascon Engineers Ltd, founded in 1986, is a construction engineering firm in India with a presence in real estate and a Clean Room Partition manufacturing business. The firm has completed over 200 projects with a total construction area of more than 50 million square feet.

The stock has showed good price activity, gaining more than 60% in just one year. Keep a watch on this rising stock.

Vascon Engineers Quarterly Results

Consolidated Figures in Rs. Crores

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
128 43 120 155 189 112 153 171 218 201 217 254 327
131 73 125 142 181 113 148 177 200 185 206 233 278
Operating Profit -3 -29 -5 12 9 -1 5 -6 18 16 11 21 49
OPM % -2% -67% -4% 8% 5% -1% 3% -4% 8% 8% 5% 8% 15%
4 3 4 3 2 3 8 43 5 2 18 2 8
Interest -2 8 7 7 5 6 6 5 6 4 3 2 3
Depreciation 4 3 3 3 3 2 3 3 3 2 3 3 3
Profit before tax -1 -37 -10 6 2 -7 4 29 14 12 23 17 52
Tax % 21% 0% -6% 4% -17% -2% 19% 0% 24% 6% 0% 6% 4%
Net Profit -1 -37 -11 5 3 -7 3 29 11 11 23 16 50
EPS in Rs -0.04 -2.10 -0.61 0.30 0.14 -0.39 0.18 1.32 0.50 0.50 1.04 0.75 2.28
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