Q4 Financial results are on the roll and there are a bunch of companies that reported an increase in their fundamental parameters during the recent reporting period.
Listed below are three stocks present under the small & large-cap category that reported an increase of up to 2,400 percent in their operating profits when comparing FY23 and FY24:
Shakti Pumps (India) Limited
With a market capitalization of Rs 4,579.72 crores, the stocks of Shakti Pumps (India) Limited opened their trading session on Monday at Rs 2285.85, hitting its 5 percent upper circuit compared to the previous closing level of Rs 2,177 apiece.
Recently, the company reported its financial results for the fourth quarter and financial year ending March 2024. Having a glance at the prime indicators of business, on a QoQ basis, the company’s net sales rose from Rs 496 crores during Q3FY24 to Rs 609 crores during Q4FY24 and the after-tax profits doubled from Rs 45 crores to Rs 90 crores.
In addition to the above, the company’s operating profits, one of the fundamental requisites used for decision-making purposes, were reported with an increase of approximately 1,091 percent YoY, i.e., from Rs 11 crores during FY23 to Rs 131 crores during FY24.
Bajaj Holdings & Investment Limited
With a market capitalization of Rs 91,547.82 crores, the stocks of Bajaj Holdings & Investment Limited started their trading session on Monday at Rs 8,225.80, slipping approximately 0.20 percent compared to the previous closing level of Rs 8,237.50 apiece.
Recently, the company reported its financial results for the fourth quarter and financial year ending March 2024. Having a glance at the prime indicators of business, on a QoQ basis, the company’s net sales rose from Rs 108 crores during Q3FY24 to Rs 1,212 crores during Q4FY24 and the after-tax profits jumped from Rs 1,645 crores to Rs 2,716 crores.
In addition to the above, the company’s operating profits, one of the fundamental requisites used for decision-making purposes, were reported with an increase of approximately 2,040 percent YoY, i.e., from Rs 55 crores during FY23 to Rs 1,177 crores during FY24.
Eveready Industries India Limited
With a market capitalization of Rs 2,513.89 crores, the stocks of Eveready Industries India Limited opened their trading session on Monday at Rs 350.65, gaining approximately 0.60 percent compared to the previous closing level of Rs 343.80 apiece.
Recently, the company reported its financial results for the fourth quarter and financial year ending March 2024. Having a glance at the prime indicators of business, on a QoQ basis, the company’s net sales dipped from Rs 304.91 crores during Q3FY24 to Rs 280.90 crores during Q4FY24 and the after-tax profits reduced from Rs 8.41 crores to Rs 8.05 crores.
On a contrasting note, the company’s operating profits, one of the fundamental requisites used for decision-making purposes, were reported with an increase of approximately 2,378 percent YoY, i.e., from Rs 1.03 crores during FY23 to Rs 25.52 crores during FY24.
Written by Amit Madnani
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