It’s interesting to hear that Indian companies have started announcing their quarterly results. The third quarter usually covers the period from October to December of the financial year 2023-24. It will be exciting to see how these companies have performed in that period.
Here are the 3 stocks that announced results in the last two days.
Waaree Renewables Technologies Ltd
Waaree Renewables Technologies Ltd is engaged in the business of generating power using renewable energy sources and also provides advisory services in this respect.
With a market capitalization of Rs 5,968.90 crore, on Saturday, the shares closed at Rs 2,865.55 per share, increased around 5.00 percent as compared to the previous closing price of Rs 2,729.10 apiece.
The company’s revenue increased by 337 percent YoY, from Rs 74 crore in Q3FY23 to Rs 324 crore in Q3FY24. During the same period, net profit also increased by 156 percent, from Rs 25 crore to Rs 64 crore.
Persistent Systems Ltd
Persistent Systems offers software engineering and strategy services to assist firms to deploy and improve their operations. It has its software and frameworks with built-in integration and acceleration.
With a market capitalization of Rs 60,957.29 crore, on Saturday, the shares closed at Rs 7,924.25 per share, increased around 0.80 percent as compared to the previous closing price of Rs 7,861.30 apiece.
The company’s revenue increased by 15 percent, from Rs 2,169 crore in Q3FY23 to Rs 2,498 crore in Q3FY24. During the same period, net profit also increased by 20 percent, from Rs 238 crore to Rs 286 crore.
Rossari Biotech Ltd
Rossari Biotech Limited specializes in the production, sale, and distribution of specialized chemicals. The goods appeal to worldwide FMCG companies and find uses in a wide range of consumer-centric items, including home and personal care products, textile chemicals, animal health and nutrition, and cosmetic products.
With a market capitalization of Rs 4,523.88 crore, on Saturday, the shares closed at Rs 819.00 per share, increased around 4.05 percent as compared to the previous closing price of Rs 787.15 apiece.
The company’s revenue increased by 19 percent, from Rs 389 crore in Q3FY23 to Rs 464 crore in Q3FY24. During the same period, net profit also increased by 30 percent, from Rs 26 crore to Rs 34 crore.
Written by:- Abhishek Singh
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