Advik Capital made headlines recently, boasting an impressive surge in their net profit, a leap of about 140% for the first quarter of the fiscal year 2024-25.
Stock market update: Advik Capital, a RBI registered company has announced to stock market platforms that they soon plan to hold an important discussion related to an imminent rights offering. The firm has shared that they’ve scheduled this critical board meeting for September 7th.
“…to consider and approve various matters relating to the Rights Issue including terms and conditions such as the determination of the Rights Issue price and related payment mechanism, Rights Issue size, Rights Entitlement Ratio, the Record Date and timing of the Rights Issue,” the company said in an exchange filing.
Advik Capital made headlines recently, boasting an impressive surge in their net profit, a leap of about 140% for the first quarter of the fiscal year 2024-25. In their disclosure to the stock exchange, the company highlighted a net profit of Rs 2.22 crore for the quarter ending in June 2024. This figure is a significant climb from Rs 0.91 crore over the same period the previous fiscal year.
Advik Capital registered a commendable rise of 11.18% in their Q1 2024 net sales, reaching Rs 4.97 crore from a previous Rs 4.47 crore in June 2023. The company saw a similar increase in their operational revenue, marking Rs 4.96 crore in this fiscal’s Q1, a clear growth compared to last year’s same period figures of Rs 4.46 crore.
Interestingly, EBITDA spiked significantly, touching Rs. 4.66 crore in June 2024. This is an impressive rise, about 60.69% up from Rs. 2.90 crore recorded in June 2023.