One of the multi-bagger AI stocks engaged in software development services hit an upper circuit of 10% after reporting increased revenue by 592.83 percent YOY and a net profit increase of 1736.24 percent YOY in H1 FY25 results.
Share Price Movement
The share price of Kody Technolab Limited hit a 10 percent upper circuit to Rs. 3,299.70 per share on Thursday, a significant rise from its previous close of Rs. 2999.95 per share. Over the past year, the share has delivered returns of over 1323.6 percent. The market capitalization now stands at approximately Rs. 2103.28 crore as of October 24, 2024.
What Happened
Kody Technolab Limited’s recent quarter saw a rise in revenue and net profits, which led to this bullish movement in the stock price. According to its recent filing, in the quarter ending September 2024, Kody Technolab Limited’s revenue from operations has increased by 592.83 percent YOY, from Rs. 5.77 crore in H1 FY24 to Rs. 39.99 crore in H1 FY25, and grown by 139.69 percent QoQ from Rs. 16.68 crore in H2 FY24.
Kody Technolab Limited’s net profit has increased by 1736.24 percent YOY, from Rs. 0.19 crore in H1 FY24 to Rs. 3.5 crore in H1 FY25. As compared to the last half years, the company’s net profit is up by 145.14 percent QoQ from Rs. 1.43 crore.
The company’s EPS has increased by 1170.63 percent, from Rs. 1.26 in H1 FY24 to Rs. 16.01 in H1 FY25.
In terms of return ratios, Kody Technolab Limited’s share ROE and ROCE are currently at 23.4 percent and 28.4 percent, respectively. Kody Technolab Limited is an almost debt-free company, which has a debt-to-equity ratio of 0.03x.
Bonus: The Board of Directors of Kody Technolab Limited has approved issuing bonus shares in the ratio of 1:1, meaning shareholders will receive 1 fully paid-up equity share of Rs. 10 each for every 1 fully paid-up equity share held.
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Shareholding Pattern
As of the September 2024 shareholding pattern, Kody Technolab Limited has majorly held a promoter by 73.01 percent, a foreign institutional investor by 0.03 percent, a domestic institutional investor by 0.02 percent, and the public by 26.94 percent.
About the company
Kody Technolab Limited was established in 2017 and delivers comprehensive software development services across global markets. The company specializes in custom software solutions, AI implementation, IoT services, and IT consulting. Their skilled team develops
mobile apps using Flutter, Android, iOS, and React Native technologies. Kody Technolab maintains a strong presence in the US, Canada, and the UK through sales representatives.
The company empowers businesses through digital transformation, leveraging cutting-edge technologies to solve complex challenges. The company experts create enterprise mobility solutions and implement machine learning models for process automation and predictive analytics. The development team excels in various web technologies, including Laravel, Java, PHP, Python, and JavaScript frameworks.
Written By – Nikhil Naik
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