Multibagger stock: A software company with a market capitalisation of Rs 168.71 crore saw its shares rise nearly 2 per cent on Thursday after announcing
robust quarterly earnings.
The company in focus is Silverline Technologies Ltd.
Silverline Technologies' strong Quarterly Performance
For the quarter ending June 30, 2025, the company reported a net profit of Rs 11.14 crore, a sharp increase from Rs 2 lakh in the same period last year. Revenue from operations also surged significantly to Rs 100.08 crore, compared to Rs 75 lakh in Q1 FY25, according to a company statement.
“Our strong Q1 FY26 performance is a result of our strategic direction, operational discipline, and focus on core competencies in the technology sector,” said Yakin Joshi, Managing Director.
Silverline Technologies Share Price Movement
On the BSE, the company’s shares gained 1.97 per cent, or Rs 0.21, to close at an intraday high of Rs 10.82.
Silverline Technologies Impressive Long-Term Returns
This stock has delivered impressive returns, giving over 172.54 per cent growth over the past year. However, it has seen weaker performance over shorter periods, including the last one, three, and six months.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience consult their financial advisors before making any money-related decisions.)
