Stock under ₹100 hits 20% upper circuit after reporting 463% YoY increase in net profitsStock under ₹100 hits 20% upper circuit after reporting 463% YoY increase in net profits

Introduction:

Leading financial services firm reported impressive Q3 results, with net profit surging 463% YoY and 224% QoQ. Revenue from operations grew 62.9% YoY and 40.9% QoQ, while total expenditure increased 51.3% YoY and 31.5% QoQ, reflecting strong business expansion.

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Share price movement of Reliable Data Services:

On February 17, 2025, Reliable Data Services Ltd opened at ₹81.00, up 20.00% from its previous close of ₹67.50. The stock hit a high of ₹81.00 and a low of ₹81.00. By 11:48 AM, it traded at ₹81.00, with a market cap of ₹83.59 crore.

Reliable Data Services Posts Strong Growth:

Reliable Data Services Limited posted a remarkable 463% year-on-year (YoY) rise in net profit, reaching ₹4.11 crore in Q3 FY24, up from ₹0.73 crore in Q3 FY23. On a quarter-on-quarter (QoQ) basis, net profit surged 224% from ₹1.27 crore in Q2 FY24.

The company’s revenue from operations climbed 62.9% YoY to ₹33.4 crore in Q3 FY24, compared to ₹20.5 crore in the same period last year. Sequentially, revenue saw a 40.9% increase from ₹23.7 crore in Q2 FY24, showcasing consistent growth in business operations.

Total expenditure rose 51.3% YoY to ₹28.8 crore from ₹19 crore in Q3 FY23. On a QoQ basis, expenses increased by 31.5% from ₹21.9 crore in Q2 FY24, reflecting higher operational costs in line with business expansion.

Ace investor holding in Reliable Data Services:

Rohit Sharma

Rohit Sharma holds a 1.00% stake in Reliable Data Services Ltd, owning 103,200 shares valued at ₹83.8 lakh. His investment highlights confidence in the company’s growth potential amid its strong financial performance and rising market presence.

Stock performance of Reliable Data Services for Period of 1 week, 6 months and 1 year:

Reliable Data Services Ltd has seen a 1.38% decline in the past week, a 23.6% drop over the last six months, and a modest 1.11% increase over the past year, indicating challenges with some recovery in the longer term.

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Shareholding pattern of Reliable Data Services:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	71.80%	71.80%	71.80%
FII	0.10%	0.10%	0%
DII	0%	0%	0%
Public	28.20%	28.20%	28.20%

About Reliable Data Services:

Reliable Data Services Ltd (NSE: RELIABLE), established in 2001, offers customized services to banking, financial, and manufacturing industries, specializing in back-office processing, front-office follow-ups, and management services. The company operates through a network of 300+ locations.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.