Small-cap multi-bagger stock under ₹50 Following the 2024 Q2 results, Super Crop Safe Ltd.’s share price increased by about 9% during intraday trading on Thursday.
The share price of Super Crop Safe Ltd. began Thursday at ₹19.49 on the BSE, more than 2% higher than its previous close of ₹19.09. The share price of Super Crop Safe then increased even more, reaching ₹20.78, representing an 8.85% gain.
Over the past year, Super Crop Safe’s share price has more than doubled, providing investors with multi-bagger gains.
On Thursday, Super Crop Safe Limited released its financial results for the quarter that concluded in September 2024.
The standalone Q2FY25 net profit was Rs56.86 lakhs, up 80% year over year from Rs31.63 lakhs in Q2FY24.
The September 2024 quarter’s standalone profit before tax, which was Rs56.86 lakhs, was 154% more than the Q2FY24 profit of Rs22.38 lakhs.
Super Crop Safe’s standalone Q2FY25 revenue was Rs12.25 crore, increasing 91% year over year from ₹6.42 crore in Q2FY24.
Super Crop Safe’s Q2FY25 standalone earnings before interest tax, depreciation, and amortisation (EBITDA) were ₹1.12 crore (₹111.56 lakhs), representing a 33% year-over-year increase from the ₹83.66 lakhs in the previous quarter.
Mr. Ishwarbhai B. Patel, Chairman & CEO, of Super Crop Safe Ltd stated “We are very happy to announce the results of the Second Quarter ended September 2024. This quarter again we have done exceedingly well and on all fronts, our financial performance has been noteworthy. The numbers could have been more impressive but harvesting season started a little late because this year the Monsoon season ended late.
Super Crop Safe’s standalone net profit more than tripled to ₹1.8 crore (₹180.14 lakhs) in the first half of FY24 compared to ₹49.79 lakhs in H2FY24, representing a 262% year-over-year increase.
