Often referred to as the bottom line, the net profit of a company is one of the crucial indicators of its financial health. In a quarterly earnings report, it is the most sought-after metric. The greater the company’s net profit, the greater its profitability.
Here are 2 companies that reported an increase of more than 1000 percent in their net profits in Q3:
In Q3FY23, the company reported a net profit of Rs 57.28 Crore which jumped by more than 1,318 percent Year on Year (YoY) from Rs 4.04 Crore. Their total revenue stood at Rs 350.59 Crore, up 53 percent from Rs 229.78 Crore in Q3FY22. The company reported its highest-ever Revenue and EBITDA on the back of cost optimization and a price increase of 5% in Q3 and Q2.
Kuantum Papers is in the business of production and marketing of wood-free writing and printing paper. It is one of the largest fully integrated Agro-based paper manufacturers in India with a total production capacity of 1,64,250 TPA.
The shares of the company were trading 2 percent lower at Rs 136 levels in the early trading hours of Wednesday. In the past six months, the stock has delivered a return of 72 percent.
In the December quarter of FY23, the online broker reported a net profit of Rs 11.02 Crores which zoomed by 1,389 percent from Rs 74 lakhs in Q3FY23. Their revenue in the period increased by 5 percent to Rs 83.76 Crore from Rs 80.05 YoY. Their customer base increased by 5 percent which is now more than 3.35 Million and the app user base also saw a growth of more than 5 percent which is now more than 14.55 Million.
5Paisa is one of India’s leading financial services companies offering investing, insurance, and mutual funds among others. The company is mainly in online discounted stock broking, depository services, research, distribution of financial products, and peer-to-peer lending.
The shares of the company were trading marginally lower at Rs 301 levels on Wednesday morning. In the past six months, the stock has gained 7 percent.
Written by Anoushka Roy
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