Penny stock posts 320% rise in Q3 net profit, scrip rallies over 5000% in 1 year

The company has declared its Q3 results, and on a standalone basis, it has posted a net profit of ₹2.11 crore in the quarter ended in December 2022 compared to a net profit of ₹0.53 crore during the year-ago quarter, representing a YoY growth of 298.11%. On a standalone basis, Integra Essentia posted revenue from operations of ₹61.05 crore in Q3FY23 compared to ₹17.99 crore posted in Q3FY22, representing a YoY growth of 239.36%.

In Q3FY23, the firm recorded a net profit of ₹2.23 Cr on a consolidated basis, up from ₹0.53 Cr in the same period a year earlier. This represents a YoY rise of 320.75%. Whereas, the consolidated net sales remained the same as of standalone figures. The EPS of the company stood flat at ₹0.05 per share in Q3FY23 compared to Q3FY22.

On Friday, the shares of Integra Essentia Limited closed on the NSE at ₹8.00 apiece level, down by 1.84% from the previous close of ₹8.15. The stock recorded a total volume of 251,785 shares compared to the 20-Day average volume of 388,350 shares. The stock has risen from ₹0.67 as of April 2018 to the current price level during the past five years, resulting in a multibagger return of 1,038.35%. This penny stock has climbed from ₹0.16 in January 2020 to the current market price during the past three years, resulting in a multibagger return of 5,379.52%. The share price of the company soared from Rs. 1.65 to the current market price in the 1 year, representing a multibagger return of 383%. The stock has gained 17.65% year-to-date (YTD) in 2023. For the quarter ended December 2022 or Q3FY23, the company posted a promoter shareholding of 20.81%, FIIs stake of 1.55%, DIIs stake of 1.08%, and a public stake of 76.55%.

Based on the technical outlook of the stock, Manoj Dalmia, Director, Proficient Equities said “Integra Essential company has delivered good profit growth of 20.1% CAGR over last 5 years. Most of the statistics like stochastic, macd, Williams are supporting the positive side. Margins and EBITDA are better and next quarter we expect profit growth will also above 20%. The unique business model of the company will benefit its performance in long run. The technical indicators like MAs, Bollinger band and RSI on daily basis are suggesting a target of 10 levels in near term.”

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