After Gaining 125% YTD Multibagger Stock Below Rs 15 Declares 1:10 Stock Split

With a market valuation of Rs 91 Cr, Teamo Productions HQ Ltd is a small-cap construction firm. An engineering design firm with headquarters in India that specializes in IT support and civil engineering is Teamo Productions HQ Limited, formerly known as GI Engineering Solutions Limited. The corporation announced a 1:10 stock split, and the record date has been set for the same reason.

The company has fixed December 14, 2023 as the record date for determining the eligibility of shareholders for the purpose of subdivision/split of each equity share and preference share having a face value of Rs.10/- each into 10 (Ten) equity shares and preference shares, respectively, having face value of Re.1/- each.

On a standalone basis, the company reported net sales of Rs 120.35 crore in the September 2023 quarter up 362.68% from Rs. 26.01 crore in the September 2022 quarter. Its net profit stood at Rs. 0.28 crore in Q2FY24 up 111.47% from Rs. 0.13 crore in Q2FY23. EBITDA jumped by 430.77% to Rs. 0.69 crore in the quarter under review from Rs. 0.13 crore in the same quarter last year. Teamo Productio's earnings per share (EPS) dropped from Rs. 0.15 in the same quarter of FY23 to Rs. 0.03 in the quarter ended 30th September 2023.

On Thursday, the shares of Teamo Productions HQ were trading at Rs 10.51 during the morning deals. The scrip has gained 125% YTD and in the last 1 year, the stock has generated a multibagger return of 118%. During Q2FY24, the company booked promoters shareholding of 40.89%, and public stake of 59.11%.