Micro-cap stock engaged in Govtech and BPO services surged nearly 5 percent after securing orders worth nearly Rs.12 crore for operation and maintenance services.
Price Variation
In Tuesday’s trading session, the shares of We Win Limited surged by nearly 5 percent to an intra-day high of Rs.75.16 per share from its previous close of Rs.71.92.
Is We Win a buy or sell? What is its Fair Value? What are the company's health parameters? What are the positive and negative factors driving the company -- ProTips? Know all the answers on the company's overview page here.
What happened
This increase in share price follows the announcement of work orders received by We Win Limited for managing Customer care call centre services.
We Win Limited has secured a work order for the Operation & Maintenance of a Customer Care Call Centre at the Public Health Engineering Department in Panchkula on 5th August 2024.
The order was awarded by the Office of the Executive Engineer, Public Health Engineering Division, and is valued at Rs.1,15,38,000 for 5 years.
This domestic entity will oversee the operations of the call center and ensure the smooth functioning of services to address public grievances effectively.
Additionally, We Win Limited secured a work order on 31st July 2024, for operating the Assam Power Distribution Company Limited (APDCL) Customer Call Centre. The work order is for two years with a total project value of Rs.10,81,94,861 inclusive of GST.
The entity awarding the contract is Assam Power Distribution Company Limited and the nature of the contract is for managing the customer care call center operations.
Benefit from orders
The new contracts secured by We Win Limited are poised to significantly enhance the company’s financial performance in the coming years. With a total project value of Rs.11.97 crore from the two contracts, these agreements will provide substantial revenue inflows and stable cash flows.
This predictable income stream is expected to improve the company’s financial stability and enable better long-term planning.
Financials
For the quarter ending March 2024, the company reported revenue from operations of Rs.19.38 crore, a notable increase from Rs.13.6 crore in the same quarter the previous year, reflecting a growth of nearly 43 percent. On a quarter-over-quarter basis, revenue rose by 17 percent from Rs.16.71 crore in Q3 of FY24.
In addition to strong sales growth, the company achieved a profit after tax of Rs.0.95 crore, marking a 10 percent increase from Rs.0.87 crore year-over-year and a substantial 27 percent rise from Rs.0.75 crore in Q3 FY24.
Shareholding Pattern
As per the June 2024 shareholding pattern, the promoters of We Win Ltd. hold a 70.8 percent stake, while Retail investors, comprising individual investors and others, hold the remaining stake of 29.21 percent in the company.
About the company
We Win Limited is the world’s largest non-emergency integrated grievance provider, offering GovTech, Digital CX, Workforce Analytics, and GCC setup with over two decades of expertise in delivering excellent third-party customer service in 20 languages to more than 100 businesses nationwide.
Written by – Siddesh S Raskar
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