Advait Infratech Limited has announced strong financial performance for the quarter ended March 2024, with a 139.10% year-over-year increase in Profit After Tax (PAT) and secured funding of INR 82.3 crore.

On Friday, shares of Advait Infratech Ltd hit a 5 per cent upper circuit to Rs 1,452.75 per share from its previous closing of Rs 1,383.60. The stock’s 52-week high is Rs 1,745 and its 52-week low is Rs 273.25. The shares of the company saw a spurt in volume by more than 2.67 times on BSE.

Advait Infratech Ltd is engaged in providing products and solutions for power transmission, power substation, and telecommunication infrastructure fields. Also, it operates with various verticals such as turnkey telecommunication projects, installation of power transmission, telecom products, etc. As of December 2023, the company has a Rs 172.83 crore order book.

The Board of Directors of the Company, during a meeting held on Thursday, May 30, 2024, at their registered office, authorized a preferential issue of up to 5,92,940 equity shares. Each share will have a face value of Rs 10 but will be offered at a premium price of Rs 1,388, raising a total of Rs 82,30,00,720. The allotment will be divided among specific investors: Mr Ashish Kacholia will receive 2,88,185 shares for Rs 40,00,00,780RBA Finance & Investment Co. will receive 2,88,185 shares for Rs 40,00,00,780; Mr Ashish Rathi will receive 14,409 shares for Rs 1,99,99,692 and Mr Abhijit Mukherjee will receive 2,161 shares for Rs 29,99,468. This issuance is subject to shareholder approval and adheres to the regulations outlined in Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

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Regarding the financials, Advait Infratech has a market cap of over Rs 1,400 crore with a 3-year stock price CAGR of 280 per cent. The company reported excellent numbers in its both Quarterly Results (Q4FY24) and annual results (FY24). The net sales increased by 46.2 per cent to Rs 59.73 crore and net profit increased by 106.2 per cent to Rs 7.23 crore in Q4FY24 over Q4FY23. The net sales increased by 100.4 per cent to Rs 208.85 crore and the net profit increased by 159.3 per cent to Rs 21.88 crore in FY24 over FY23.

The shares of the company have an ROE of 38 per cent and an ROCE of 38 per cent. The stock gave multibagger returns of 375 per cent in just 1 year and a whopping 5,400 per cent in 3 years. Investors should keep a close eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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