After Fetching 103% Return Multibagger Stock Clocks 107% PAT Growth In Q1

Anmol India is a small-cap company that conducts business in the energy industry. One of the top suppliers and importers of USA coal in the Indian market is Anmol India Ltd. The company which was founded in 1998, is well-known in the coal supply, trading, and import industries. One of the multibagger stocks that the Indian stock market has produced is a company that operates the country's largest online coal marketplace. Despite being a multibagger stock, the company possessed excellent Q1 earnings.

Anmol India Financials

The company's revenue from operations jumped by 29.72%, from Rs. 370.13 Cr in the fourth quarter of FY23 to Rs. 480.16 Cr in the first quarter of FY24, primarily due to a spike in sales and total tonnage sold. From Rs. 9.65 Cr in Q4 FY23 to Rs. 15.90 Cr in Q1 FY24, its EBITDA climbed by 64.76%, and its EBITDA margins expanded from 2.59% to 3.29% or 70 bps. From Rs. 4.43 Cr in Q4FY23 to Rs. 9.19 Cr in Q1FY24, the company's PAT climbed by 107.44%, while PAT margins expanded from 1.19% to 1.90% or 71 bps.

Commenting on the Q1FY24 Performance, the management added, "Anmol India Ltd. is delighted to announce its outstanding performance in the first quarter of the fiscal year 2024, as evidenced by the remarkable financial updates. We are thrilled to report a robust growth trajectory, with significant improvements across key financial metrics. In Q1FY24, our Revenue from Operations witnessed an impressive surge of 29.72%, reaching Rs. 480.16 Cr, compared to Rs. 370.13 Cr in Q4FY23. This notable growth is a testament to the unwavering dedication and efforts of our team. Equally remarkable is the remarkable increase in our EBITDA, which surged by an astounding 64.76% from Rs. 9.65 Cr in Q4FY23 to Rs. 15.90 Cr in Q1FY24. This growth highlights our commitment to operational excellence and effective cost management strategies."

"Additionally, we are proud to see a commendable improvement in our EBITDA margins, rising from 2.59% in Q4FY23 to 3.29% in Q1FY24, an impressive 70 bps increase. This progress reflects our commitment to enhancing efficiency and driving sustainable profitability. Notably, our Profit After Tax (PAT) witnessed exceptional growth, soaring by an impressive 107.44% from Rs. 4.43 Cr in Q4FY23 to Rs. 9.19 Cr in Q1FY24. This milestone represents our dedication to creating long-term shareholder value and sustaining profitability. Furthermore, our PAT margins also saw a remarkable surge, increasing from 1.19% in Q4FY23 to 1.90% in Q1FY24, marking a 71 bps improvement. This growth further underscores our ability to leverage opportunities and navigate challenges effectively," said the management.

"We attribute this outstanding performance to the relentless efforts of our talented team, who consistently strive to achieve excellence in all aspects of our business. On A YoY basis, while our topline recorded a minor decrease, the bottom-line recorded improvements. Our commitment to innovation, customer-centricity, and operational efficiency has been the driving force behind these impressive results. Although the price of coal and other commodities decreased yet our sales and total tonnage sold has increased. The reason for this is the immense handwork that we have put in and our focus since the last 6 months to capture more market and increase our sales network, the management of Anmol India said.

"In the previous quarter, we also approved and successfully executed a bonus issue in 4:1 ratio. The company started trading ex-bonus as of 18 July, 2023. As we move forward, we remain focused on our strategic vision and are confident in our ability to sustain this momentum. We extend our heartfelt appreciation to our shareholders, customers, and employees for their unwavering support on this incredible journey. We look forward to building on this success and continuing to deliver exceptional value to all our stakeholders," the management further added.

Anmol India Share Price

On Monday, the shares of Anmol India opened on the BSE at Rs 56.90 apiece with a downside gap of 1.98% from the previous close of Rs 58.05. The stock made a 52-week-high of Rs 63.40 on (19/07/2023) and a 52-week-low of Rs 24.23 on (09/01/2023). The stock has produced a multibagger return of 715.19% during the past five years, and it has gone up by 46.31% over the past year. The stock has risen by 89.16% YTD, and over the past six months, it has produced a multibagger return of 104.82%. During Q1FY24, the company reported promoter shareholding of 57.08% and public stake of 42.91%.