FCS Software Ltd: Buy
CMP: Rs.3.05
FCS Software Solutions reported the following consolidated quarterly numbers for the third quarter of 2022:
In September 2022, net sales were Rs.9.13 crore, a 12.55% increase from Rs.8.11 crore in September 2021.
Quarterly net profit increased by 2807.18% to Rs. 0.53 crore in September 2022, compared to Rs.0.02 crore in September 2021.
In September 2022, EBITDA stands at Rs.2.01 crore, up 47.79% from Rs.1.36 crore in September 2021.
Buy the shares of this microcap software company near the CMP for targets of Rs.4.8/Rs.6.5/7/9.6. SL: Rs.2.60.
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