The shares of the small-cap company gained up to 14 percent from its intraday high after the company’s net profit and revenue increased by 378 percent and 97 percent YoY, respectively in Q1FY25.
With a market capitalization of Rs 12,538.57 crore, the shares of Rattanindia Enterprises Ltd were trading at Rs 90.49 per share, increasing around 12 percent as compared to the previous closing price of Rs 80.86 per share.
Reason for Rise:-
The shares of Rattanindia Enterprises have seen such a bullish movement after revenue magnified 92 percent on a Quarter basis from Rs 1,294 crore in Q4FY24 to Rs 2,494 crore Q1FY25, if we look into the on Year on Year basis revenue magnified significantly by 97 percent from Rs 1,268 crore Q1FY24 to Rs 2,494 crore Q1FY25.
Rattanindia Enterprises Ltd’s net loss turned into profit on a quarter-on-quarter basis from Rs. 82 crores in Q4FY24 to Rs 851 in Q1FY25. Further, on a year-on-year basis also net profit magnified drastically by 378 percent from Rs 178 crores in Q1FY24 to Rs. 851 crores in Q1FY25.
Also read
Business Segment:-
The company operates in diverse sectors: E-commerce through Cocoblu and Neobrands, offering online retail and fashion apparel; Electric Vehicles via Revolt, with a pan-India presence; Fintech through Neotec Enterprises, providing digital lending and insurance services; and drones via NeoSky, offering products and services in the drone industry.
Ratio analysis:-
Examining the company’s crucial ratio, return on equity inclined from (69.47) percent in FY22-23 to 50.77 percent in FY23-24, while during the same time frame return on capital employed also inclined from (45.66) percent to 68.78 percent. In contrast, the net profit margin (NPM) stands at 7.56 percent in fiscal year 23-24.
Company profile:-
Rattanindia Enterprises Limited is an India-based corporation that specializes in enterprises using cutting-edge technology. The Company’s tech-focused operations include e-commerce, electric cars, finance, and drones. Its segments include retail e-commerce and Others.
Written by:- Abhishek Singh.
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
