Anup Engineering (AEL) Share Price Soars 14% After Stellar Q4 Performance: A Potential Multibagger Stock in Focus

• The Anup Engineering Ltd share price soared by over 14% following the declaration of its Q4 earnings and a 200% dividend.
• The company reported a net profit of ₹43.03 crore for the quarter ending March 2024, more than double the ₹19.46 crore reported in the same quarter the previous year.
• The company’s revenues from operation increased by 8.8% year-on-year, and Earnings before interest tax depreciation and amortisation (Ebitda) rose by 37.3%.

The Anup Engineering Ltd’s Q4 earnings report shows significant growth, with a net profit more than doubling year-on-year and a 200% dividend declared, driving a surge in share price.

Impressive Q4 Earnings Drive Share Price Surge

The Anup Engineering Ltd’s share price experienced a significant boost, rising by over 14% in morning trades on Monday. This surge followed the company’s declaration of its Q4 earnings and a 200% dividend over the weekend, which has excited investors.

Net Profit More Than Doubles Year-On-Year

The company reported a net profit of ₹43.03 crore for the quarter ending March 2024, which is more than two folds over the ₹19.46 crore reported during the same quarter in the previous year. This reported net profit also represents a growth of more than 100% over the ₹20.17 crore reported in the December 2023 quarter.

Revenues and Ebitda Show Significant Growth

The revenues from operation at ₹156.92 crore increased 8.8% over ₹144.17 crore during the year ago quarter and 22% sequentially over ₹128.40 crore in the previous quarter. The significant improvement in operating performance with Earnings before interest tax depreciation and amortisation (Ebitda) rising 37.3% year-on-year from ₹37.3 crore in Q4FY24 over ₹30.2 crore in the year ago quarter lifted the performance. The bottom line was also boosted by some tax reversals.

Conclusion

The Anup Engineering Ltd’s Q4 earnings report shows significant growth, with a net profit more than doubling year-on-year and a 200% dividend declared. This has driven a surge in the company’s share price and provided investors with strong returns. The company’s revenues and Ebitda have also shown significant growth, indicating a strong operating performance.