{"id":106089,"date":"2023-08-03T14:05:42","date_gmt":"2023-08-03T08:35:42","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106089"},"modified":"2023-08-03T14:05:43","modified_gmt":"2023-08-03T08:35:43","slug":"smallcap-stock-jumps-17-after-company-reports-54-increase-in-net-profits","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-17-after-company-reports-54-increase-in-net-profits\/","title":{"rendered":"Smallcap stock jumps 17% after company reports 54% increase in net profits"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1687021136\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this small-cap stock jumped around 12 percent after releasing financial results for Q1FY23-24. In the last six months, the company\u2019s stock has gained over 40 percent from Rs 1,799.10 to the current price level.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-871491768\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/KSB\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">KSB Limited<\/a><\/strong> opened their trading hour at Rs 2,360.10 and currently are available for Rs 2,567 indicating a gain of approximately 12 percent as compared to the previous closing price of Rs 2,301.90 apiece. Moreover, the scrip hit its 52-week high mark today recorded at a price of Rs 2,597.95.\u00a0<\/p><p>Such sharp movements in the stock prices were observed after the company, through a regulatory filing with the BSE dated 2nd August 2023, announced the financial results for the quarter ending June 2023.&nbsp;<\/p><p>On a sequential basis, the company reported an increase in basic operational parameters such as revenues and net profits. The revenues took a shift from Rs 490 crores during Q4FY22-23 to Rs 591 crores during Q1FY23-24, and, the net profits, during the same time horizon, rose from Rs 41 crores to Rs 63 crores indicating an increase of 54 percent.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-705846477\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Comparing Q1FY22-23 with Q1FY23-24, the above-mentioned metrics showed decent growth with the revenues shifting from Rs 448 crores to Rs 591 crores, and, the net profits rising from Rs 47 crores to Rs 63 crores.&nbsp;<\/p><p>Historically, the company, following a calendar year, reported healthy profitability ratios with the return on equity (RoE) increasing from 14.77 percent during FY20-21 to 15.98 percent during FY21-22, and, the return on capital employed (RoCE) moving up from 18.75 percent to 20.47 percent.&nbsp;<\/p><p>The latest shareholding data of the company, as per the June 2023 quarter, the Promoters hold a 66.69 percent stake, and the Foreign Institutional Investors (FIIs) hold a 3.43 percent stake in the company.&nbsp;<\/p><p>KSB Limited is engaged in the business of providing pumps, valves, and related services. The company carries out its operations under three broad segments, viz, the \u2018Pumps\u2019 segment, generating a major chunk of revenues, the \u2018Valves\u2019 segment, and the \u2018KSB SupremeServ\u2019 segment comprising spare parts for the pumps and valves.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>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.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2773161444\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this small-cap stock jumped around 12 percent after releasing financial results for Q1FY23-24. In the last six months, the company\u2019s stock has gained over 40 percent from Rs 1,799.10 to the current price level.&nbsp; The stocks of KSB Limited opened their trading hour at Rs 2,360.10 and currently are available for Rs 2,567 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10535,10532,948,936,10534],"class_list":["post-106089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ksb-q1-results-2023","tag-ksb-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-ksb-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Smallcap stock jumps 17% after company reports 54% increase in net profits - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this small-cap stock jumped around 12 percent after releasing financial results for Q1FY23-24. 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