{"id":113698,"date":"2023-11-15T11:17:15","date_gmt":"2023-11-15T05:47:15","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113698"},"modified":"2023-11-15T11:17:21","modified_gmt":"2023-11-15T05:47:21","slug":"smallcap-stock-in-defence-sector-jumps-after-it-reports-346-increase-in-net-profits-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-in-defence-sector-jumps-after-it-reports-346-increase-in-net-profits-yoy\/","title":{"rendered":"Smallcap stock in defence sector jumps after it reports 346% increase in net profits YoY"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3303860088\"><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 defence product manufacturer gained up to 2.02 percent after the company\u2019s net profit increased by 346 percent second-quarter result.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2146271901\"><!-- 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\/ASTRAMICRO\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Astra Microwave Product Ltd<\/a><\/strong> is a Small-cap with a market capitalization of Rs 5,119.91 Crore. On Wednesday, the shares were trading at Rs 539.25 a share, an increase of 0.55 percent from the previous close price.\u00a0<\/p><p>Looking at the company\u2019s performance, Astro Microwave Product Ltd&#8217;s revenue increased by 43 percent on a quarter-on-quarter basis from Rs. 135.17 crores in Q1FY24 to Rs.193.5 crores in Q2 FY24. Further, revenue increased by 9.4 percent year on year from Rs. 176.75 crores in Q2FY23 to Rs.193.5 crores in Q2FY24.&nbsp;<\/p><p>Astro Microwave Product Ltd&#8217;s net profit increased by 346 percent on a quarter-on-quarter basis from Rs. 6.73 crores in Q1FY24 to Rs. 30.02 crores in Q2FY24. Further, net profit increased by 46.2 percent year on year from Rs. 20.52 crores in Q2FY23 to Rs.30.02 crores in Q2FY24.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-394110429\"><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>Astro Microwave Product Ltd reported return ratios in the recent financial year with a return on equity (ROE) of 11.37 percent and a return on capital employed (ROCE) of 17.1 percent.&nbsp;<\/p><p>Astro Microwave Product Ltd&#8217;s recent shareholding pattern, The Promoters of The company owns 6.54 percent while Retail shareholders own 76.47 percent stake in the company and Foreign Institutional Investors own a 1.73 percent stake.&nbsp;<\/p><p>The company gave 67.07 percent return in six months and 70.10 percent in a year.&nbsp;<\/p><p>Astra Microwave Products is the design, development, and production of subsystems for microwave and radio frequency systems used in telecommunication, weather, space exploration, and defense.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By:- Abhishek Singh<\/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-3984889650\"><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 defence product manufacturer gained up to 2.02 percent after the company\u2019s net profit increased by 346 percent second-quarter result.&nbsp; Astra Microwave Product Ltd is a Small-cap with a market capitalization of Rs 5,119.91 Crore. On Wednesday, the shares were trading at Rs 539.25 a share, an increase of 0.55 percent from [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":57805,"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":[14376,14377,14375,948,936],"class_list":["post-113698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-astra-microwave-product-latest-news","tag-astra-microwave-product-q2-results-fy24","tag-astra-microwave-product-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>Smallcap stock in defence sector jumps after it reports 346% increase in net profits YoY - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The share of this defence product manufacturer gained up to 2.02 percent after the company\u2019s net profit increased by 346 percent second-quarter result.\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\/smallcap-stock-in-defence-sector-jumps-after-it-reports-346-increase-in-net-profits-yoy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smallcap stock in defence sector jumps after it reports 346% increase in net profits YoY\" \/>\n<meta property=\"og:description\" content=\"The share of this defence product manufacturer gained up to 2.02 percent after the company\u2019s net profit increased by 346 percent second-quarter result.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/smallcap-stock-in-defence-sector-jumps-after-it-reports-346-increase-in-net-profits-yoy\/\" \/>\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=\"2023-11-15T05:47:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-15T05:47:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/08\/Defence-Stock-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\/smallcap-stock-in-defence-sector-jumps-after-it-reports-346-increase-in-net-profits-yoy\/\",\"url\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-in-defence-sector-jumps-after-it-reports-346-increase-in-net-profits-yoy\/\",\"name\":\"Smallcap stock in defence sector jumps after it reports 346% increase in net profits YoY - 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