Aptech Shares Hit Record High After Q4 Revenue More Than Doubles, Profit Jumps

Shares of Aptech Ltd. hit a record high on Thursday after its fourth-quarter revenue more than doubled while profit jumped.

The company's net profit rose 30.53% year-on-year to Rs 33.4 crore in the quarter ended March, according to an exchange filing. Revenue surged 175.66% year-on-year to Rs 178.5 crore.

Aptech Q4 FY23 (Consolidated, YoY)

• Revenue up 175.66% at Rs 178.5 crore versus Rs 64.7 crore.

• Ebitda up 260.89% at Rs 34.9 crore versus Rs 9.7 crore.

• Ebitda margin at 19.6% versus 14.97%

• Net profit up 30.53% at Rs 33.4 crore, compared to Rs 25.6 crore.

• The board approved the issue of bonus shares in the ratio of 2:5. The company has declared an interim dividend of Rs 6 per share for fiscal 2023.

Shares of Aptech Ltd. rose 9.29% intraday before trading at a 6.20% high as of 10:25 a.m., compared to a 0.18% decline in the Nifty.

Total traded volume stood at 16.6 times its 30-day average. The relative strength index was at 77, implying that the stock may be overbought.