Experts say that September quarter earnings turned out to be better than market expectations. In fact, a few companies reported more than a 100% increase in their net profit and their sales grew by more than 50% on a year-on-year (YoY) basis. Here are four companies whose profits more than doubled YoY (increased by more than 100%), this earnings season:
Fine Organic Industries
Fine Organic Industries is the largest player in the oleochemical industry in India and among the top six globally. On a YoY basis, its top-line (sales) increased by 109.66% from ₹ 438.40 crores to ₹ 919.17 crores. At the same time, its bottom-line increased by a whopping 219.18% from ₹ 50.14 crores to ₹ 160.04 crores.
The company’s shares were trading for ₹ 5,804 apiece during the early hours of trading on Friday. The stock has increased by 53% in the past year. Its shares have given multi-bagger returns of 220% in the past three years and 619% in the past five years.
Adani Enterprises Ltd
Adani Enterprises is the flagship company of the Adani Group. It has business interests in various economic areas such as mining, integrated resources management (IRM), infrastructure and defence. On a YoY basis, the company’s sales increased by 188.81% from ₹ 13218.02 crores in September 2021 to ₹ 38175.23 crores in September 2022. Similarly, its profit increased by 260.52% from ₹ 121.74 crores to ₹ 438.90 crores.
The company’s shares were exchanging hands for Rs 3,988 as of 11:58 IST. They gave multi-bagger returns of 134% in the past year, 1779% in the past three years and 2348% in the past five years.
Phoenix Mills Ltd
The company is engaged in the operation & management of malls, construction of commercial & residential property and hotel business in India. On a YoY basis, the company’s sales increased by 75.34% from ₹371.31 crores in September 2021 to ₹ 651.08 crores in September 2022. Similarly, its profit increased by 251.33% from ₹ 63.16 crores to ₹ 221.9 crores.
Its shares were trading for ₹ 1390 during the first half of the trading session on Friday. They gave multi-bagger returns of 131% in the past five years.
The Great Eastern Shipping Company
It is a major player in the Indian shipping and Oil drilling services industry and is involved in the bulk shipping business, i.e., transportation of crude oil, petroleum, gas and dry bulk commodities. On a YoY basis, the company’s sales increased by 63.55% from ₹ 885.01 crores in September 2021 to ₹ 1,447.45 crores in September 2022. Similarly, its profit increased by 254.74% from ₹ 15.18 crores to ₹ 53.85 crores.
The stock of the company was trading for Rs 687 as of 12:08 IST. They gave multi-bagger returns of 142% in the past year.
Written by Simran Bafna
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