{"id":113737,"date":"2023-11-15T14:55:17","date_gmt":"2023-11-15T09:25:17","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113737"},"modified":"2023-11-15T14:55:39","modified_gmt":"2023-11-15T09:25:39","slug":"drone-stock-hits-10-upper-circuit-after-company-reports-2116-yoy-increase-in-net-profits","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/drone-stock-hits-10-upper-circuit-after-company-reports-2116-yoy-increase-in-net-profits\/","title":{"rendered":"Drone stock hits 10% upper circuit after company reports 2,116% YoY increase in net profits"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2177333486\"><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 alcohol manufacturer hit a 10 percent upper circuit after the company announced its second-quarter result.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1143644966\"><!-- 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 1,180.05 crore, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/DCMSRIND\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Dcm Shriram Industries Ltd<\/a><\/strong>, On Wednesday, the shares were trading at Rs 135.65, an increase of 9.97 percent from the previous closing price.\u00a0<\/p><p>Looking into the company\u2019s financials, Dcm Shriram Industries Ltd&#8217;s revenue increased by 10 percent on a quarter-on-quarter basis from Rs. 527.80 crores in Q1FY24 to Rs.585.04 crores in Q2 FY24. Further, revenue increased by 9.2 percent year on year from Rs. 535.70 crores in Q2FY23 to Rs 585.04 crores in Q2FY24.&nbsp;<\/p><p>Dcm Shriram Industries Ltd&#8217;s net profit decreased by 23 percent on a quarter-on-quarter basis from Rs. 27.08 crores in Q1FY24 to Rs. 20.61 crores in Q2FY24. Further, net profit increased by 2,116.12 percent year on year from Rs. 0.93 crores in Q2FY23 to Rs.20.61 crores in Q2FY24.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2106939589\"><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>Dcm Shriram Industries Ltd&#8217;s reported return ratios in the recent financial year with a return on equity (ROE) of 8.66 percent and a return on capital employed (ROCE) of 10.24 percent.&nbsp;<\/p><p>Dcm Shriram Industries Ltd&#8217;s recent shareholding pattern, The Promoters of the company own 50.11 percent while Retail shareholders own a 41.07 percent stake in the company and Foreign Institutional Investors own a 0.99 percent stake.&nbsp;<\/p><p>Dcm Shriram Industries Ltd&#8217;s company gave a 94.76 percent return in six months and 89.20 percent in a year.&nbsp;<\/p><p>DCM Shriram Industries Ltd is engaged in producing and selling industrial fibers, sugar, alcohol, power, chemicals, and drones (UAVs).&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-1137490321\"><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 alcohol manufacturer hit a 10 percent upper circuit after the company announced its second-quarter result.&nbsp; With a market capitalization of Rs 1,180.05 crore, Dcm Shriram Industries Ltd, On Wednesday, the shares were trading at Rs 135.65, an increase of 9.97 percent from the previous closing price.\u00a0 Looking into the company\u2019s financials, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104878,"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":[14403,14404,14362,948,936],"class_list":["post-113737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-dcm-shriram-industries-latest-news","tag-dcm-shriram-industries-q2-results-fy24","tag-dcm-shriram-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) - 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