{"id":106890,"date":"2023-08-11T16:10:54","date_gmt":"2023-08-11T10:40:54","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106890"},"modified":"2023-08-11T16:10:55","modified_gmt":"2023-08-11T10:40:55","slug":"paper-stock-jumps-more-than-10-after-companys-net-profits-increase-by-180","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/paper-stock-jumps-more-than-10-after-companys-net-profits-increase-by-180\/","title":{"rendered":"Paper stock jumps more than 10% after company&#8217;s net profits increase by 180%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3746186193\"><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 involved in the \u2018Paper\u2019 industry gained more than 10 percent in Friday\u2019s trading session after announcing Q1FY24 results.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1592195753\"><!-- 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>With a market capitalization of Rs 1,240 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SATIA\/standalone?standalone=true\">Satia Industries Limited<\/a><\/strong> closed at Rs 124.05 on Friday, a gain of approximately 10.27 percent as compared to the previous close of Rs 112.50 apiece. One of the probable reasons for a surge in share prices today is the announcement of financial results for the quarter ended June 2023.\u00a0<\/p><p>In addition, the company\u2019s Board also declared an Interim Dividend of Rs 1 per equity share, i.e., a 100 percent payout on the Face Value of Rs 1 each. Record Date for the payment of the mentioned dividend is fixed to be 24th August 2023.&nbsp;<\/p><p>Coming onto the results, the company, on a sequential basis, saw the basic indicators such as the operating revenues and net profits moving in opposing directions with the former moving down from Rs 521 crores during Q4FY22-23 to Rs 481 crores during Q1FY23-24, and, the net profits soaring from Rs 46 crores to Rs 84 crores keeping the timeframe the same.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3677917916\"><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>Year-on-Year, the company proved to be successful in keeping a good momentum in numbers and reported an increase in operating revenues from Rs 417 crores during June 2022 to Rs 481 crores during June 2023, and, net profit numbers showing tremendous growth from Rs 30 crores to Rs 84 crores exhibiting an increase of 180 percent.&nbsp;<\/p><p>Historically, the company\u2019s profitability metrics have seen decent growth with the return on equity (RoE) increasing from 18.47 percent during FY21-22 to 26.21 percent during FY22-23, and, the return on capital employed (RoCE) taking a shift from 14.76 percent to 20.33 percent.&nbsp;<\/p><p>According to the June 2023 quarter shareholding data, the company\u2019s Promoters hold a 52.46 percent stake followed by Retail Investors holding a 46.76 percent stake in the company.&nbsp;<\/p><p>Satia Industries Limited is engaged in the business of manufacturing and selling writing &amp; printing paper products in India and overseas. The product portfolio of the company includes coloured paper, cartridge paper, ledger paper, etc. The products are been used for the purpose of printing books, directories, diaries, and many more.&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\" style=\"object-fit:cover;width:256px;height:256px\" 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-566371095\"><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 involved in the \u2018Paper\u2019 industry gained more than 10 percent in Friday\u2019s trading session after announcing Q1FY24 results.&nbsp; With a market capitalization of Rs 1,240 crores, the stocks of Satia Industries Limited closed at Rs 124.05 on Friday, a gain of approximately 10.27 percent as compared to the previous close [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":106172,"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":[3018,10543,10831,10833,10830,948,936,10832],"class_list":["post-106890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-paper-stocks","tag-paper-stocks-2023","tag-satia-industries-latest-news","tag-satia-industries-q1-results-2023","tag-satia-industries-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-satia-industries-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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