{"id":112272,"date":"2023-10-19T14:48:13","date_gmt":"2023-10-19T09:18:13","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112272"},"modified":"2023-10-19T14:48:18","modified_gmt":"2023-10-19T09:18:18","slug":"smallcap-stock-falls-up-to-5-after-companys-net-profits-drop-81-yoy-in-q2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-falls-up-to-5-after-companys-net-profits-drop-81-yoy-in-q2\/","title":{"rendered":"Smallcap stock falls up to 5% after company&#8217;s net profits drop 81% YoY in Q2\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1104388184\"><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 consumer retail stock plunged up to 5% percent on Thursday after the company posted disappointing bottom-line results for Q2FY24, i.e., for the quarter ended September 2023.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2331625536\"><!-- 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 7,420.19 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SHOPERSTOP\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Shoppers Stop Limited<\/a><\/strong> started their trading session on Thursday at Rs 660 and currently trades at Rs 675. The scrip witnessed an intra-day low of Rs 653.85 exhibiting a fall of approximately 5 percent as compared to the previous closing levels of Rs 690.05 apiece.\u00a0<\/p><p>Such bearish sentiments around the company\u2019s stock were witnessed after the company, through a regulatory filing with the exchange dated 18th October 2023, published its financial results for the quarter ended September 2023.&nbsp;<\/p><p>The company, on a sequential basis, reported an increase in operating revenues from Rs 994 crores during Q1FY23-24 to Rs 1,039 crores during Q2FY23-24. On the contrary, the company\u2019s after-tax profits took a deep downturn from Rs 14.5 crores to Rs 3 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2179851566\"><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>On a YoY basis, the company, in the same pattern, posted a marginal increase in operating revenues from Rs 1,013 crores during Q2FY22-23 to Rs 1,039 crores during Q2FY23-24, and, the after-tax profits sharply moved down from Rs 16 crores to Rs 3 crores representing a dip of a huge 81 percent.&nbsp;<\/p><p>Coming onto the latest shareholding data, the company, as per the quarter ended September 2023, reported the Promoters holding a 65.55 percent stake, and the Foreign Institutional Investors (FIIs) holding a 6.78 percent stake in the company.&nbsp;<\/p><p>Shoppers Stop Limited is a company based in India that is engaged in the business of retailing a wide range of consumer and household products through departmental stores. The company\u2019s products comprise \u2018apparel\u2019 as well as \u2018non-apparel\u2019. The non-apparel category, specifically, includes cosmetics, jewellery, etc.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani&nbsp;<\/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-2682061827\"><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 consumer retail stock plunged up to 5% percent on Thursday after the company posted disappointing bottom-line results for Q2FY24, i.e., for the quarter ended September 2023.\u00a0 With a market capitalization of Rs 7,420.19 crores, the stocks of Shoppers Stop Limited started their trading session on Thursday at Rs 660 and currently trades [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13574,"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":[13522,13523,13521,948,936],"class_list":["post-112272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-shoppers-stop-latest-news","tag-shoppers-stop-q2-results-fy24","tag-shoppers-stop-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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