It is results season and we have a huge list of companies publishing their financial results for the quarter/half year ended September 2023.
Listed below are four stocks under the ‘small-cap’ category that registered an increase in net profits of up to 5,840 percent YoY:
Jindal Saw Limited
With a market capitalization of Rs 13,973.25 crores, the stocks of Jindal Saw Limited, a leading manufacturer and supplier of Iron and steel pipes, are currently trading at Rs 437, slipping around 1.40 percent as compared to the previous closing levels of Rs 443.15 apiece.
Having a glance at the consolidated annual financials recently announced by the company, the operating revenues and net profit figures saw positive movements.
The operating revenues increased from Rs 4,044 crores during Q2FY22-23 to Rs 5,466 crores during Q2FY23-24, and, the net profits, in congruence with the pattern, shifted from Rs 21 crores to Rs 356 crores showcasing an increase of 1,595 percent.
Welspun Living Limited
With a market capitalization of Rs 15,160.21 crores, the stocks of Welspun Living Limited, formerly known as Welspun India Limited, one of the largest home textile manufacturers in the world, are currently trading at Rs 156, gaining around 3.70 percent as compared to the previous closing levels of Rs 150.40 apiece.
Digging into the consolidated annual financials recently announced by the company, the operating revenues and net profit figures saw positive movements.
The operating revenues increased from Rs 2,113 crores during Q2FY22-23 to Rs 2,509 crores during Q2FY23-24, and, the net profits, in congruence with the pattern, shifted from Rs 8 crores to Rs 200 crores exhibiting a drastic jump of 2,400 percent.
CEAT Limited
With a market capitalization of Rs 8,547.31 crores, the stocks of CEAT Limited, one of the largest tyre manufacturers based in India, are currently trading at Rs 2,113.05, a flat movement as compared to the previous closing levels of Rs 2,113.25 apiece.
Having a walkthrough of the consolidated annual financials recently announced by the company, the operating revenues and net profit figures saw positive movements.
The operating revenues increased from Rs 2,894 crores during Q2FY22-23 to Rs 3,053 crores during Q2FY23-24, and, the net profits, in congruence with the pattern, shifted from Rs 6 crores to Rs 202 crores representing a huge jump of 3,266 percent.
Chennai Petroleum Corporation Limited
With a market capitalization of Rs 8,826.72 crores, the stocks of Chennai Petroleum Corporation Limited, engaged in the business of refining crude oil to produce & supply various petroleum products, are currently trading at Rs 592.75, gaining 3 percent as compared to the previous closing levels of Rs 575.10 apiece.
Having a look at the consolidated annual financials recently announced by the company, the operating revenues and net profit figures saw opposing movements.
The operating revenues of the company, on one end, fell from Rs 19,509 crores during Q2FY22-23 to Rs 16,545 crores during Q2FY23-24, and, the net profits, on the other end, drastically increased from Rs 20 crores to Rs 1,188 crores, efficiently managing the operating expenses, that showcased a huge jump of 5,840 percent.
Written by Amit Madnani
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