{"id":113239,"date":"2023-11-06T15:28:37","date_gmt":"2023-11-06T09:58:37","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113239"},"modified":"2023-11-06T15:49:52","modified_gmt":"2023-11-06T10:19:52","slug":"small-cap-stock-jumps-after-reporting-208-5-increase-in-net-profits-in-q2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-after-reporting-208-5-increase-in-net-profits-in-q2\/","title":{"rendered":"Small cap stock jumps after reporting 208.5% increase in net profits in Q2\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3340976024\"><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 pumps company jumped 2.08 percent today, after the company reported profit growth of 208.5 percent, margins also improved. The company has a market capitalization of Rs. 1,939.93 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3549708050\"><!-- 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 2:17, 6th November shares of Shakti Pumps Ltd were trading at Rs. 1,078.95 per share, up by 2.08 percent from previous closing price of Rs. 1,057 per share. The stock has delivered 155.04 percent returns in the last 6 months.&nbsp;<\/p><p>Such bullish stock price movements were observed after the company announced quarterly results for Q2FY24, in which they reported profit growth of 208.5% compared to the same period last year, with profits rising to Rs. 59 crores from Rs. 19 crores. On a quarterly basis, the profit increased by an impressive 488.3%, going to 59 crores from 10 crores.&nbsp;<\/p><p>However, the company&#8217;s revenue experienced a year-on-year decrease of 29.4%, dropping to Rs. 1,528 crores from Rs. 2,163 crores. On a quarterly basis, there was a revenue increase of 35.1%, rising from Rs. 1,131 crores to Rs. 1,528 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2869470334\"><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>Moreover, the company&#8217;s profit after tax (PAT) margin increased and is at 3.8 percent from 0.9 percent in the same quarter of the previous financial year. Shakti Pumps Ltd has received 4 new patents from the government of India until October 2023. Currently the total number of patents granted is 7 with another 22 patents pending.&nbsp;<\/p><p>Looking at the profitability ratios, the company reported return on equity (ROE) of 5.95 percent and return on capital employed (ROCE) of 10.4 percent in the last financial year.&nbsp;<\/p><p>Shakti Pumps (India) Ltd specialises in the production of diverse types of pumps and motors. The company provides cutting-edge water pumping solutions for various purposes, including irrigation, horticulture, residential water supply, as well as commercial and industrial uses. Their &#8220;Shakti&#8221; brand enjoys recognition both within India and on the global stage.&nbsp;<\/p><p><strong>Written by: Vinit Israni\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2206630267\"><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 pumps company jumped 2.08 percent today, after the company reported profit growth of 208.5 percent, margins also improved. The company has a market capitalization of Rs. 1,939.93 crores.&nbsp; At 2:17, 6th November shares of Shakti Pumps Ltd were trading at Rs. 1,078.95 per share, up by 2.08 percent from previous [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":110098,"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":[31,13525],"tags":[],"class_list":["post-113239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"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>Small cap stock jumps after reporting 208.5% increase in net profits in Q2\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this small cap pumps company jumped 2.08 percent today, after the company reported profit growth of 208.5 percent, margins also improved. 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