Anup Engineering (AEL) Share Price Soars 14% After Stellar Q4 Performance: A Potential Multibagger Stock in Focus

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The Anup Engineering Ltd share price soared by over 14% following the declaration of its Q4 earnings and a 200% dividend.
The company reported a net profit of ₹43.03 crore for the quarter ending March 2024, more than double the ₹19.46 crore reported in the same quarter the previous year.
The company’s revenues from operation increased by 8.8% year-on-year, and Earnings before interest tax depreciation and amortisation (Ebitda) rose by 37.3%.

The Anup Engineering Ltd’s Q4 earnings report shows significant growth, with a net profit more than doubling year-on-year and a 200% dividend declared, driving a surge in share price.

Impressive Q4 Earnings Drive Share Price Surge

The Anup Engineering Ltd’s share price experienced a significant boost, rising by over 14% in morning trades on Monday. This surge followed the company’s declaration of its Q4 earnings and a 200% dividend over the weekend, which has excited investors.

Net Profit More Than Doubles Year-On-Year

The company reported a net profit of ₹43.03 crore for the quarter ending March 2024, which is more than two folds over the ₹19.46 crore reported during the same quarter in the previous year. This reported net profit also represents a growth of more than 100% over the ₹20.17 crore reported in ... Read the full article for FREE at COINOTAG!