Penny Stock Under Rs 7: Company Secures Rs 35 Crore Domestic Order; In Last Quarterly Results Company Reported 1025 Per Cent Jump in PAT and Over 400 Per Cent Revenue Growth
The company is primarily involved in the trading of precious metals, stones, and jewelry.
Panth Infinity Limited has announced that the company has secured a new work order from Richa Info Systems Limited. The work order entails Panth Infinity Limited providing goods and their services on an order basis as per the client's requirements. The aggregate value of this significant work order is Rs 35,00,00,000, inclusive of all applicable taxes. The duration of this work order is set for a period of 1 year. Panth Infinity Limited has clarified that this order is from a domestic entity and that neither the promoter, promoter group, nor group companies have any interest in Richa Info Systems Limited. Furthermore, the company has confirmed that this transaction does not fall under the purview of related party transactions and is conducted at arm's length.
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Panth Infinity Limited's latest Quarterly Results for the quarter ending December 31, 2024, show a significant jump in both revenue and net profit. The company's revenue stood at Rs 13.14 Crores, marking a substantial increase of 401.53 per cent compared to the same period last year when the revenue was Rs 2.62 Crores. The net profit for the quarter was Rs 1.11 Crores, a remarkable growth of 1025 per cent from the Rs 0.12 Crores net profit in the corresponding quarter of the previous year. The net profit margin for the reported quarter was 8.45 per cent. On a sequential quarterly basis, the revenue saw a growth of 696.36 per cent, while the net profit increased by 246.88 per cent.
Panth Infinity Limited is primarily involved in the trading of precious metals, stones, and jewelry. The company, originally incorporated in 1993, has expanded its business to include the e-commerce segment. Their e-commerce platform aims to promote both existing and newly launched brands. Additionally, Panth Infinity Limited operates an eB2B platform that assists sellers in various aspects of business, including technology, marketing, promotions, sales, and advertising. The company has a presence in the state of Gujarat.
Disclaimer: The article is for informational purposes only and not investment advice.