Smallcap IT company Sagarsoft is not one that many investors have heard of. It released its results today, delivering strong revenue, net profit and operating profit growth YoY (although a reminder that all this is on a small base, since it's a small cap firm).
Operating profit margin is in the high double digits for the firm, at 38.96%. The annual results for the company will mark a turnaround from FY17, when net profit growth was negative.
Sagarsoft India has defied the vagaries of the markets over the last year to see a steady rise in its share price. The company's share price jumped more than 200% in the last year, gaining 23.53% in the last one week alone.