{"id":113257,"date":"2023-11-06T16:09:40","date_gmt":"2023-11-06T10:39:40","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113257"},"modified":"2023-11-06T16:09:45","modified_gmt":"2023-11-06T10:39:45","slug":"small-cap-stock-gained-up-to-18-after-it-announced-strong-q2-results","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-gained-up-to-18-after-it-announced-strong-q2-results\/","title":{"rendered":"Small-cap stock gained up to 18% after it announced strong Q2 results\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1144538564\"><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>The shares of one of India\u2019s Leading Manufacturers of High-End Lighting Solutions gained 18 percent to Rs 375 a share after the company announced strong Q2 results.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3915460761\"><!-- 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><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/IKIO\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">IKIO Lighting Ltd<\/a><\/strong> belongs to the Small-cap category with a market capitalization of Rs 2,890 crores. On Monday, company shares closed at Rs 333.95 a share, up 4.93 percent from the previous close price.\u00a0<\/p><p>IKIO Lighting reported a 47 percent increase in revenue year on year, from Rs 80 crore in Q2FY23 to Rs 118 crore in Q2FY24. During the same period, net profit increased by 64 percent from Rs 11 crore to Rs 18 crore.&nbsp;<\/p><p>In comparison to the previous quarter, operational revenue increased by 9.2 percent from Rs 108 crore in Q1FY24 to Rs 118 crore in Q2FY24, Further net profit has increased by 28 percent from Rs 14 crore to Rs 18 crore. According to the company&#8217;s exchange filing.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1119705397\"><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>According to Frost &amp; Sullivan, IKIO Lighting has a 50 percent market share in the functional decorative lighting category in India and a 10 percent market share in the true-blue decorative lighting sector. And LED lighting accounts for 87 percent of the company&#8217;s total sales.&nbsp;<\/p><p>As per the latest shareholding pattern, the company promoters hold a 72.46 percent stake in the company, while Domestic Institutional Investors hold an 8.17 percent stake. And retail investors have a 16.18 percent stake in the company.&nbsp;<\/p><p>IKIO Lightings is an integrated manufacturer in the LED lighting market that offers original design manufacture (ODM) services for LED lighting, refrigeration lights, ABS pipework, and other products.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/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-3966006199\"><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>The shares of one of India\u2019s Leading Manufacturers of High-End Lighting Solutions gained 18 percent to Rs 375 a share after the company announced strong Q2 results.&nbsp; IKIO Lighting Ltd belongs to the Small-cap category with a market capitalization of Rs 2,890 crores. On Monday, company shares closed at Rs 333.95 a share, up 4.93 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":39466,"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":[14072,14073,11382,948,936],"class_list":["post-113257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ikio-lighting-latest-news","tag-ikio-lighting-q2-results-fy24","tag-ikio-lighting-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) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Small-cap stock gained up to 18% after it announced strong Q2 results\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of one of India\u2019s Leading Manufacturers of High-End Lighting Solutions gained 18 percent to Rs 375 a share after the company announced strong Q2 results.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/small-cap-stock-gained-up-to-18-after-it-announced-strong-q2-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Small-cap stock gained up to 18% after it announced strong Q2 results\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of one of India\u2019s Leading Manufacturers of High-End Lighting Solutions gained 18 percent to Rs 375 a share after the company announced strong Q2 results.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/small-cap-stock-gained-up-to-18-after-it-announced-strong-q2-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-06T10:39:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-06T10:39:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/BSE-21-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/small-cap-stock-gained-up-to-18-after-it-announced-strong-q2-results\/\",\"url\":\"https:\/\/tradebrains.in\/features\/small-cap-stock-gained-up-to-18-after-it-announced-strong-q2-results\/\",\"name\":\"Small-cap stock gained up to 18% after it announced strong Q2 results\u00a0 - 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