{"id":113314,"date":"2023-11-07T15:21:40","date_gmt":"2023-11-07T09:51:40","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113314"},"modified":"2023-11-07T15:21:45","modified_gmt":"2023-11-07T09:51:45","slug":"stock-hits-5-upper-circuit-after-company-reports-78-increase-in-net-profits-in-q2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-hits-5-upper-circuit-after-company-reports-78-increase-in-net-profits-in-q2\/","title":{"rendered":"Stock hits 5% upper circuit after company reports 78% increase in net profits in Q2"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4028064395\"><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 share of this railway equipment manufacturing company hit a 5 percent upper circuit after announcing decent June-September results. In six months, the share has given around 70 percent returns to its stakeholders.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2731406684\"><!-- 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. 278 crores, the share of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/522195\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Frontier Spring Ltd<\/a><\/strong> started its today\u2019s trading session on a positive note. Within a few minutes of the opening bell, the share hit a 5 percent upper circuit at Rs. 742.65 apiece.\u00a0<\/p><p>Such a positive movement in the share was observed after the company announced its Q2 FY24 results. The company\u2019s revenue increased by around 28 percent from Rs. 25.49 crores during the June quarter to Rs. 32.75 crores in the September quarter. In addition to this, the net profit accelerated by 53 percent from Rs.1.86 crores to Rs. 2.85 crores during the same timeframe.&nbsp;<\/p><p>Comparing these metrics on a YoY basis, the revenue jumped by around 22 percent from Rs. 26.77 crores during Q2 FY23 to Rs. 32.75 crores in Q2 FY24. Furthermore, the net profit was magnified by 78 percent from Rs. 1.60 crores to Rs. 2.85 crores during the same above-mentioned period.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1119653593\"><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>Coming onto the important financial ratios of the company, the return on equity (RoE) declined from 11.84 percent during FY 21-22 to 10.19 percent in FY 22-23 and the Return on capital employed decreased from 15.45 percent to 13.47 percent during the same period.&nbsp;<\/p><p>According to the latest shareholding pattern, Promoters have a 51.76 percent stake in the company and the remaining 48.24 percent is with the Public or Retail Investors.&nbsp;<\/p><p>Headquartered in Kanpur, Frontier Springs Ltd was established in the year 1981. The company manufactures hot coiled springs supplying to Indian Railways, Heavy engineering industries, and OEMs in India and abroad.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Vaibhav Patil<\/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-1074918321\"><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 share of this railway equipment manufacturing company hit a 5 percent upper circuit after announcing decent June-September results. In six months, the share has given around 70 percent returns to its stakeholders.&nbsp; With a market capitalization of Rs. 278 crores, the share of Frontier Spring Ltd started its today\u2019s trading session on a positive [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":108764,"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":[14122,14123,14121,948,936],"class_list":["post-113314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-frontier-spring-latest-news","tag-frontier-spring-q2-results-fy24","tag-frontier-spring-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>Stock hits 5% upper circuit after company reports 78% increase in net profits in Q2 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The share of this railway equipment manufacturing company hit a 5 percent upper circuit after announcing decent June-September results. 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