The stock price of Adroit Infotech Ltd surged by 5 percent following a significant increase in revenue in the fourth quarter. The company saw an 86 percent year-on-year and 21 percent quarter-on-quarter growth in revenue. With a market capitalization of Rs 113.00 crore, the shares of Adroit Infotech Ltd were trading at Rs 20.99 per share, marking a 3.50 percent increase from the previous closing price.
In terms of financial performance, the company’s revenue rose by 21 percent from Rs. 7.09 crore in Q3FY24 to Rs. 8.60 crore in Q4FY24. Additionally, there was an 86 percent year-on-year revenue growth from Rs. 4.62 crore in Q4FY23 to Rs. 8.60 crore in Q4FY24. Net profit also increased by 17 percent quarter-on-quarter and a significant 198 percent year-on-year.
The company’s profitability indicators showed positive trends with an increase in return on equity (RoE) and return on capital employed (RoCE). The net profit margin (NPM) for fiscal year 22-23 was reported at 16.85 percent. Promoters hold a 38.45 percent stake in the company, while retail shareholders own 61.56 percent.
Adroit Infotech Limited is an SAP consulting firm based in India, focusing on enterprise and mid-market segments. Their services include migrations to HANA, covering SAP HANA, SAP Suite on HANA, and S/4 HANA, as well as traditional SAP ECC.
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