Top 5 Small-cap stocks with blockbuster results in Q3 FY24

Few micro and small-cap companies emerged as outperformers in the third quarter of the financial year 2024 (Q3FY24), showcasing robust performance amidst the broader market environment. These companies, despite their smaller size, have demonstrated resilience and the potential for significant growth, attracting the attention of investors seeking promising opportunities.

Data as of February 29, 2024

Shakti Pumps (India) Ltd. 

Is on its growth trajectory, with a market capitalization of Rs 2,423 crore. The company witnessed a surge in revenue from operations, reaching Rs 496 crore, marking a 58% year-on-year increase. Operating profit margins have doubled from 7% to 14% year-on-year, while the profit after tax (PAT) surged to Rs 45 crore, a staggering 309% increase. This robust performance translates to an earnings per share (EPS) of Rs 24.59, reflecting 302% year-on-year growth.

Shakti Pumps (India) Ltd. engages in the manufacture and sale of various types of pumps and motors.

Mangalam Cement Ltd. 

also showcased strong performance, with a market capitalisation of Rs1,964 crore. Revenue from operations standing at Rs 439 crore, the company managed to significantly improve its operating profit margin (OPM) from 5% to 13%. Although facing a decrease in other income for the quarter, the company’s PAT skyrocketed to Rs 16 crore, showing an exceptional 1500% year-on-year increase. This resulted in a notable increase in the earnings per share (EPS) to Rs 15.4 for the 9-month period compared to Rs 0.6 previously.

Mangalam Cement Ltd. engages in the manufacture and sale of cement.

IM+ Capitals Ltd. 

demonstrated remarkable growth with a market capitalization of Rs 708 crore. The company reported an increase in revenue from operations, reaching Rs 188 crore, marking 652% year-on-year growth. There is a decline in other income quarter-on-quarter, the company’s PAT surged to Rs 42 crore, showing an exceptional 2,000% year-on-year increase. The EPS stood at Rs 42.28, showing 722% year-on-year growth.

IM+ Capitals Ltd engages in the provision of investment and consultancy services.

Indo Tech Transformers Ltd. 

showed promising results, with a market capitalization of Rs 1,080 crore. The company experienced an uptick in revenue from operations, amounting to Rs 139 crore, reflecting a 65% year-on-year increase. Operating profit also surged by 200% year-on-year to Rs 15 crore, while the PAT reached Rs 11 crore, marking a 175% year-on-year increase. The EPS stood at Rs 10.06, compared to Rs 3.62 in the previous year.

Indo Tech Transformers Ltd. engages in the manufacture and sale of transformers.

RateGain Travel Technologies Ltd. 

demonstrated impressive performance, boasting a market capitalization of Rs 9,500 crore. The company witnessed a remarkable 83% year-on-year increase in revenue from operations, reaching Rs 252 crore. The company maintained an impressive operating profit margin (OPM) of 20.3%. With a PAT of Rs 40 crore, showing a 177% year-on-year increase, and a doubled net worth of Rs 1,400 crore, alongside a strong cash balance of Rs 1,020 crore.

RateGain Travel Technologies Ltd. operates as software as a service company in the hospitality and travel industry in India.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.