{"id":113565,"date":"2023-11-10T15:46:39","date_gmt":"2023-11-10T10:16:39","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113565"},"modified":"2023-11-10T15:46:44","modified_gmt":"2023-11-10T10:16:44","slug":"microcap-stock-jumps-13-after-it-reports-145-increase-in-net-profits-in-q2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/microcap-stock-jumps-13-after-it-reports-145-increase-in-net-profits-in-q2\/","title":{"rendered":"Microcap stock jumps 13% after it reports 145% 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-939990246\"><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>IT Stock that provides cognitive computing, hyper-automation, robotic process automations etc., jumps 13 percent in the day\u2019s trade after it announced its quarter ended September (Q2FY24) results with 145 percent jump in its Net profits&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-909435465\"><!-- 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 3:05 p.m the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SILVERTUC\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Silver Touch Technologies<\/a><\/strong> were trading at Rs. 641.35 up 11.45 percent from its previous day close price of Rs. 575.45 and its market capitalization is Rs. 810 Crores.\u00a0<\/p><p>Silver Touch Technologies Net Profit grew 145 percent QoQ from Rs. 1.47 Crores in Q1FY24 to Rs. 3.6 Crores in Q2FY24 and it grew 68.22 percent YoY from Rs. 2.14 Crore in Q2FY23 to Rs. 3.6 Crore in Q2FY24&nbsp;<\/p><p>Its Revenue from operations grew 25 percent YoY from Rs. 41.24 Crores in Q2FY23 to Rs. 51.52 Crores in Q2FY24 and it grew 21 percent QoQ from Rs. 42.52 Crores in Q1FY24 to Rs. 51.52 Crores in Q2FY24.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2649391155\"><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>As per the company\u2019s financial statements its revenue grew 17.33 percent from Rs. 139.59 Crores in FY22 to Rs. 163.78 Crores in FY23, accompanied by increasing profits of Rs. 6.43 Crore to Rs. 9.71 Crore.&nbsp;<\/p><p>It has reported a return on equity (ROE) of 9.70 percent and a return on capital employed (ROCE) of 13.65 percent, it is making good returns on its equity and capital employed as its profitability ratios are increasing YoY.&nbsp;<\/p><p>Silver Touch Technologies Limited is an IT solutions provider that provides cognitive computing, hyper-automation, analytics, robotic process automations and various other services to its customers worldwide as per their requirements.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/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-437705854\"><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>IT Stock that provides cognitive computing, hyper-automation, robotic process automations etc., jumps 13 percent in the day\u2019s trade after it announced its quarter ended September (Q2FY24) results with 145 percent jump in its Net profits&nbsp; At 3:05 p.m the shares of Silver Touch Technologies were trading at Rs. 641.35 up 11.45 percent from its previous [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":111982,"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":[14279,14280,14278,948,936],"class_list":["post-113565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-silver-touch-technologies-latest-news","tag-silver-touch-technologies-q2-results-fy24","tag-silver-touch-technologies-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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