Tue, Nov 26, 2024 2:54 PM
AMSL Standalone September 2024 Net Sales at Rs 234.67 crore
A Flip by Shubhangi Gupta
Doemstic brokerage house IIFL Securities Ltd. has initiated coverage on Awfis Space Solutions with a ’buy’ recommendation, setting a target price of ₹980 per share. This implies a 40 percent upside potential from its last closing price of ₹700.75 (as of Nov 25, 2024). The brokerage highlighted Awfis as the only listed pure-play company in the flexible workspaces segment, citing robust growth.
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Reported Standalone quarterly numbers for Veto Switchgears and Cables are: Net Sales at Rs 52.98 crore in September 2024 up 3.27% from Rs. 51.31 crore in September 2023. Quarterly Net Profit at Rs. 5.42 crore in September 2024 up 2.45% from Rs. 5.29 crore in September 2023. EBITDA stands at Rs. 7.84 crore in September 2024 down 9.15% from Rs. 8.63 crore in September 2023.
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Reported Standalone quarterly numbers for Bhakti Gems and Jewellery are: Net Sales at Rs 24.67 crore in September 2024 up 140.68% from Rs. 10.25 crore in September 2023. Quarterly Net Profit at Rs. 0.20 crore in September 2024 up 435.15% from Rs. 0.04 crore in September 2023. EBITDA stands at Rs. 0.38 crore in September 2024 up 111.11% from Rs. 0.18 crore in September 2023.
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