On 30th April, the market erased all the intraday gains and ended lower amid selling seen in the IT, metal, media, oil & gas names. At close, the Sensex was down 188.50 points or 0.25 percent at 74,482.78, and the Nifty was down 38.60 points or 0.17 percent at 22,604.85.
Listed below are the smallcap company stocks to keep in focus after the company announced their quarterly results:
Fino Payments Bank Ltd
With a market capitalization of Rs. 2,429 crores, the shares of the fintech company started Tuesday’s trading session on a higher note at Rs. 310 compared to its previous close of Rs. 294.90. During the shares hit a low of Rs. 286.35, losing around 2 percent and closed the day at Rs. 291 apiece.
The company announced their quarterly results on 30th April 2024. The revenue increased by 8.4 percent from Rs. 370.20 crores during the December quarter to Rs. 401.30 crores in the March quarter. In addition, the net profits increased by around 10.6 percent from Rs. 22.80 crores to Rs. 25.21 crores during the same period.
Comparing these metrics on a YoY basis, the revenue zoomed by 24.1 percent from Rs. 323.43 crores during Q4FY23 to Rs. 401.30 crores in Q4FY24. On the other hand, the net profits improved by around 14.2 percent from Rs. 22.08 crores to Rs. 25.21 crores during the same period.
Filatex India Ltd
With a market capitalization of Rs. 2,823 crores, the shares of the textile company started Tuesday’s trading session on a flatter note at Rs. 63.20 compared to its previous close of Rs. 62.90. During the trading session, the shares hit a high of Rs. 66.50, gaining around 3 percent and closed the day at Rs. 63.60 apiece.
The company announced their quarterly results on 30th April 2024. The revenue decreased by 5.2 percent from Rs. 1,085.81 crores during the December quarter to Rs. 1029.73 crores in the March quarter. On the other hand, the net profits declined marginally by 0.7 percent from Rs. 35.10 crores to Rs. 34.84 crores during the same period.
Comparing these metrics on a YoY basis, the revenue decreased by 2.3 percent from Rs. 1,054.13 crores during Q4FY24 to Rs. 1029.73 in Q4FY24. On a contrasting note, the net profits zoomed by 87.2 percent from Rs. 18.61 crores to Rs. 34.84 crores during the same timeframe.
Symphony Ltd
With a market capitalization of Rs. 6,665 crores, the shares of the air cooler manufacturing company started Tuesday’s trading session on a higher note at Rs. 962.10 compared to its previous close of Rs. 951.60. During the trading session, the shares hit a high of Rs. 1,019, gaining around 3 percent and closed the day at Rs. 966.50 apiece.
The company announced their quarterly results on 30th April 2024. The revenue zoomed by 30.2 percent from Rs. 262 crores during the December quarter to Rs. 341 crores in the March quarter. In addition, the net profits increased by around 17.1 percent from Rs. 41 crores to Rs. 48 crores during the same period.
Comparing these metrics on a YoY basis, the revenue increased by 7.2 percent from Rs. 318 crores during Q4FY23 to Rs. 341 crores in Q4FY24. On the other hand, the net profits magnified by around 14.2 percent from Rs. 16 crores to Rs. 48 crores during the same period.
Written By Vaibhav Patil
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