{"id":113543,"date":"2023-11-10T13:20:42","date_gmt":"2023-11-10T07:50:42","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113543"},"modified":"2023-11-10T13:23:23","modified_gmt":"2023-11-10T07:53:23","slug":"microcap-stock-surges-13-after-net-profits-of-the-company-increases-by-51-qoq","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/microcap-stock-surges-13-after-net-profits-of-the-company-increases-by-51-qoq\/","title":{"rendered":"Microcap stock surges 13% after net profits of the company increases by 51% QoQ\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3966542777\"><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 this FMCG company surged up to 13 percent after announcing strong Q2 FY24 results. The stock has delivered 13 percent returns to its shareholders in six months.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3776231937\"><!-- 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. 261.17 crores, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/519295\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Bambino Agro Industries Ltd&#8217;s<\/a><\/strong> shares opened its Friday trading session flat at Rs. 322 compared to its previous close of Rs. 326. The share hit a high of Rs. 376 making a gain of around 13 percent and currently trading at Rs. 351 apiece.\u00a0<\/p><p>Such a positive movement was observed after the company announced its June- September results. The company\u2019s revenue is magnified by 35 percent from Rs. 76.76 crores in the June quarter to Rs. 104.37 crores in the September quarter. In addition, the net profit increased by 51 percent from Rs. 3.18 crores to Rs. 4.81 crores during the same period.&nbsp;<\/p><p>Comparing these metrics on a YoY, the revenue improved by 10 percent from Rs. 94.81 crores in Q2 FY 23 to Rs. 104.37 crores in Q2 FY 24. Furthermore, the net profit jumped by 19 percent from Rs. 4.04 crores to Rs. 4.81 crores during the same horizon.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1224791902\"><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>Looking at the important financial ratios, the return on equity slipped from 12.3 percent during FY21-22 to 11.56 percent FY 22-23 and the return on capital employed declined from 13.55 percent to 11.27 percent during the same timeframe.&nbsp;<\/p><p>According to the latest shareholding pattern, Promoters have a 74.96 percent stake in the company, and the remaining 25.04 percent is with the Public or Retail Investors.&nbsp;<\/p><p>Headquartered in Secunderabad, Bambino Agro Industries Ltd was incorporated in the year 1983. The company is one of the largest vermicelli producers in South East Asia which is made out of Durum wheat semolina (Suzi\/rawa). It is part of the diversified Bambino Group having interests in FMCG Products.&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-498957508\"><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 this FMCG company surged up to 13 percent after announcing strong Q2 FY24 results. The stock has delivered 13 percent returns to its shareholders in six months.&nbsp; With a market capitalization of Rs. 261.17 crores, Bambino Agro Industries Ltd&#8217;s shares opened its Friday trading session flat at Rs. 322 compared to its [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97245,"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":[14257,14258,14256,948,936],"class_list":["post-113543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-bambino-agro-industries-latest-news","tag-bambino-agro-industries-q2-results-fy24","tag-bambino-agro-industries-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>Microcap stock surges 13% after net profits of the company increases by 51% QoQ\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this FMCG company surged up to 13 percent after announcing strong Q2 FY24 results. 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