{"id":111682,"date":"2023-10-12T14:24:53","date_gmt":"2023-10-12T08:54:53","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111682"},"modified":"2023-10-12T14:24:58","modified_gmt":"2023-10-12T08:54:58","slug":"chemical-stock-jumps-up-to-15-after-companys-pat-increases-by-126-yoy-in-q2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-up-to-15-after-companys-pat-increases-by-126-yoy-in-q2\/","title":{"rendered":"Chemical stock jumps up to 15% after company&#8217;s PAT increases by 126% YoY in Q2"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2947491233\"><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>Chemical stock which is the largest manufacturer and exporter of colour &amp; additive masterbatches and thermoplastic compounds, soars 15 percent in the day\u2019s trade after it announces robust Q2 business updates.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2923764048\"><!-- 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>At 10:00 a.m the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/PLASTIBLEN\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Plastiblends India<\/a><\/strong> were trading at Rs. 273 a piece up by 15 percent from its previous day close price and the market capitalization of the company is 700 Cr.\u00a0<\/p><p>As per the company\u2019s filing, Plastiblends has published the company\u2019s quarterly update and it is as follows, the revenue from operations has grew by 7.56 percent QoQ from 195 Cr in Q1FY24 to 210 Cr in Q2FY24 and 16.73 percent YoY from 180 Cr in Q2FY23 to 210 Cr in Q2FY24.&nbsp;<\/p><p>The company\u2019s profit after tax increased by 24.57 percent QoQ from 7.65 Cr in Q1FY24 to 9.53 Cr in Q2FY24 and 126.50 percent YoY from 4.21 Cr in Q2FY23 to 9.53 Cr in Q2FY24&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1017808657\"><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>The company\u2019s PAT Margins grew by 62 bps QoQ from 3.91 percent in Q1FY24 to 4.53 percent in Q2FY24 and grew by 219 bps from 2.33 percent in Q2FY23 to 4.53 percent in Q2FY24.&nbsp;<\/p><p>The company\u2019s revenue increased by 7.09 percent from 717.63 Cr in FY22 to 768.52 Cr in FY23, accompanied by decreasing profits of 36.7 Cr to 26.85 Cr.&nbsp;<\/p><p>The company reported a return on equity (ROE) of 6.92 percent and return on capital employed (ROCE) of 9.53 percent, this indicates that the company is making decent returns on its equity and capital employed.&nbsp;<\/p><p>Plastiblends India Limited is India&#8217;s largest manufacturer and exporter of Colour &amp; Additive Master Batches and Thermoplastic Compounds for the Plastic Processing Industry.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/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-2409668665\"><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>Chemical stock which is the largest manufacturer and exporter of colour &amp; additive masterbatches and thermoplastic compounds, soars 15 percent in the day\u2019s trade after it announces robust Q2 business updates.\u00a0 At 10:00 a.m the shares of Plastiblends India were trading at Rs. 273 a piece up by 15 percent from its previous day close [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":109439,"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":[13139,13140,13138,948,936],"class_list":["post-111682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-plastiblends-india-latest-news","tag-plastiblends-india-q2-results-2023","tag-plastiblends-india-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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