Introduction:
Defence stock reported a strong 649% YoY increase in net profit for Q3 FY24, driven by higher operational income. The company saw a 40.3% revenue growth, enhancing profitability. It also announced the acquisition of a controlling stake in a tech firm specializing in AI and digital transformation.
Share Price movement of Jaykay Enterprises:
On February 12, 2025, Jaykay Enterprises Ltd opened at ₹167.20, reaching a high of ₹171.85 and a low of ₹160.00, up 7% from its previous close of ₹158.80. Currently, it is trading at ₹165.80, with a market cap of ₹1,938.46 crore.
Jaykay Enterprises Q3 results and new acquisition:
Jaykay Enterprises Limited reported a significant 649% YoY increase in net profit for Q3 FY24, driven by higher operational income. The total revenue saw a substantial 40.3% growth, rising from ₹473.61 crore in December 2023 to ₹664.68 crore in December 2024.
The company’s net profit reached ₹363.19 crore in Q3 FY24, up from ₹310.62 crore in the same quarter last year. This improvement was driven by a 42.5% increase in other income, which helped offset the rise in expenses, contributing to stronger profitability.
In a strategic move to enhance its technological capabilities, Jaykay Enterprises approved the acquisition of a controlling stake in JK Technosoft Ltd. (JKTECH). JKTECH specializes in AI, ML, and digital transformation, which aligns with JKE’s growth initiatives.
JKTECH, serving key sectors like healthcare, manufacturing, and BFSI, is expected to significantly contribute to JKE’s digital expansion strategy. With an anticipated revenue of ₹200 crore for FY 2024-25, the acquisition is set to be EPS accretive for JKE shareholders.
Also Read: Chemical stock jumps 6% after reporting 108.5% YoY increase in net profits
Stock performance of Jaykay Enterprises for Period of 1 week, 6 months and 1 year:
Jaykay Enterprises saw a 4.14% decline over the past week. However, it showed strong performance over the last 6 months with a 75.2% return. Over the past year, the stock has surged by 120%, reflecting significant long-term growth despite recent short-term fluctuations.
Also Read: Chandan Healthcare IPO: Check the latest allotment date for Chandan Healthcare IPO here
Shareholding pattern of Jaykay Enterprises:
| Summary | Dec-24 | Sep-24 | Jun-24 |
| Promoter | 60.60% | 60.60% | 56.30% |
| FII | 0.20% | 0.20% | 0.20% |
| DII | 0.00% | 0.20% | 2.30% |
| Public | 39.30% | 39.10% | 41.20% |
About Jaykay Enterprises:
Jaykay Enterprises is a diversified company involved in manufacturing and strategic acquisitions. It focuses on innovation, particularly in digital transformation and technology, with plans to expand through acquisitions. The company aims to strengthen its market position and drive sustainable growth across various sectors.
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.
