Investing in stocks, much like running a business, requires patience and belief in the long-term potential. Investors who hold onto their shares can often see significant gains. This principle applies to IPOs as well. One such success story is the E Factor Experiences IPO, which hit the market in September 2023.
The IPO, initially priced between ₹71 to ₹75 per share, made its debut on the NSE SME Emerge platform on October 9, 2023. Investors were thrilled as the stock opened at ₹115, marking a massive 53.33% increase from its IPO price. The excitement didn’t stop there; the stock soared to a record high of ₹208 before experiencing some profit-taking.
Today, the E Factor Experiences stock is trading at ₹162 per share, doubling investors’ money in just under seven months.
E Factor Experiences Financial Highlights:
- Turnover: The company’s revenue surged from ₹113.9 crore in FY 2022-23 to an impressive ₹142.1 crore in FY 2023-24, showcasing significant growth.
- Profit Before Tax (PBT): E-Factor’s PBT more than doubled, jumping from ₹9.27 crore to ₹20 crore, highlighting its robust financial health.
- Profit After Tax (PAT): The PAT witnessed a remarkable increase of nearly 116%, reaching ₹14.9 crore compared to ₹6.9 crore in the previous financial year, indicating exceptional profitability.
- Earnings Per Share (EPS): The EPS on expanded equity stands at ₹11.42, up from ₹7.18 in the previous financial year, demonstrating substantial shareholder value.
Looking ahead, the company’s board is optimistic about the fiscal year 2024-25, forecasting a top-line growth of 40% to 50%. This positive outlook is expected to further strengthen E-Factor’s market position and enhance shareholder value.
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