At the end of every three months or a quarter, the listed companies in India are expected to release their earrings. In the report, the company reports the total amount of earnings, expenses, and profits in the period. It helps the investors to understand the financial health of the company.
Here are 3 companies that have increased their net profits by more than 400 percent in Q3:
Mold-Tek Technologies Ltd
The company reported total revenue of Rs 40.71 Crore, an increase of 71 percent Year on Year from Rs 23.75 Crore. In the previous quarter, their revenue was Rs 34.73 Crore.
Their profit after tax increased multi-folds to Rs 9.21 Crore in the quarter under review compared to Rs 1.67 Crore in the same quarter a year ago. In the September quarter, it stood at Rs 6.85 Crore.
Mold-Tek Technologies, part of Mold-Tek Group, is the leader in rigid plastic packaging in India. It is a manufacturer of injection molded containers for lubes, paints, food, and other products. The company has a molding capacity of around 20,000 TPA.
On Friday, the shares of the company opened at Rs 207.65 levels and rallied during the day to end the session locked in an upper circuit of 20 percent at Rs 249.35 levels. In the past month, the stock has gained approximately 60 percent.
Kaveri Seed Company Ltd
The company reported total revenue of Rs 144 Crore, a 14 percent increase from Rs 126.05 Crore the previous year. Their revenue in the previous quarter was Rs 167.08 Crore.
Their profit after tax more than tripled to Rs 38.15 crore in the current quarter from Rs 7.04 crore the previous year. It was Rs 5.46 crore in the September quarter.
Kaveri Seed Company Ltd. is one of the premier and largest seed companies in the country. It is engaged in the research, production, processing, and marketing of various high-quality hybrid seeds.
The stock edged higher by 4 percent on Friday and ended the day at Rs 529 levels. In the past six months, the stock has increased by 10 percent.
Jindal Saw Ltd
In Q3FY23, the company reported a total revenue of Rs 5,157.94 Crores up 49 percent from Rs 3,471.04 Crore YoY and 28 percent QoQ from Rs 4,043.54 Crore.
Their profit after tax grew multi-fold to Rs 143.3 crore in the current quarter from Rs 68 lakhs the previous year. It jumped 581 percent from Rs 21.03 crore in the previous quarter.
Jindal Saw Limited, the flagship company of PR Jindal group, is a leading global manufacturer and supplier of Iron & Steel pipes and pellets. Some of the clients include ONGC, Oil India, GE, Thermax, Godrej, SKF, and L&T among others.
The stock ended 2.5 percent higher at Rs 142 levels on Friday’s session. In the past five days, it has gained 8 percent and in the span of a month, the stock has added 23 percent.
Written by Anoushka Roy
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