Small-cap stock Nisus Finance Services skyrocketed as much as 19 per cent to hit its fresh all-time high of ₹452 in intraday trade on BSE on Friday, December 27.
Nisus Finance Services share price opened at ₹420 against its previous close of ₹379.70 and surged 19 per cent to a record high of ₹452. Around 12:05 PM, the stock traded X per cent higher at ₹ on the BSE.
What drove Nisus Finance share price?
The small-cap stock has been witnessing strong traction after it announced a 211 per cent jump in profits for the first half of the current financial year (H1FY25).
The company announced its H1FYY25 earnings on December 24.
In an exchange filing, the company said its consolidated profit after tax (PAT) for H1FYY25 surged 210.97 per cent year-on-year (YoY), while the PAT margin jumped 425 bps YoY. Total income for the period rose 186.47 per cent YoY, and EBITDA increased 173.49 per cent YoY.
Earnings per share (EPS) in H1FY25 grew 267.02 per cent YoY to ₹10.35.
“We are thrilled to report an exceptional performance for H1FY25. With a remarkable 186.47 per cent growth in total income and a 210.97 per cent surge in PAT, we have demonstrated our ability to seize growth opportunities while maintaining robust operational efficiency,” said Amit Anil Goenka, chairman and managing director of Nisus Finance Services.
“This success is further reflected in the significant enhancement of our EBITDA and PAT margins, as well as the sharp increase in EPS to ₹10.35, underscoring our strong financial health and commitment to delivering value to our stakeholders,” Goenka added.
After the result announcement, the stock surged 20 per cent on the BSE on Thursday, December 26.
Nisus Finance Services specializes in real estate financing and capital markets. The company operates under the “Nisus Finance Group” or “NiFCO” brand and focuses on transaction advisory services and fund and asset management.
The stock was listed on the BSE SME platform on November 11 at ₹225 apiece, a premium of 25 per cent to the issue price of ₹180 after its IPO.
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