{"id":113967,"date":"2023-11-20T11:06:57","date_gmt":"2023-11-20T05:36:57","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113967"},"modified":"2023-11-20T11:07:02","modified_gmt":"2023-11-20T05:37:02","slug":"bank-stock-jumps-up-to-4-after-companys-net-profit-increases-by-143-in-q2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-after-companys-net-profit-increases-by-143-in-q2\/","title":{"rendered":"Bank stock jumps up to 4% after company&#8217;s net profit increases by 143% in Q2"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2120117922\"><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 Small-cap company gained up to 4 percent after the company&#8217;s net profit grew by 143.35 percent in the second quarter result.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1313192602\"><!-- 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\/ESAFSFB\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">ESAF Small Finance Bank Ltd<\/a><\/strong> is a Small-cap with a market capitalization of Rs 3,582.87 Crore. On Monday, the shares were trading at Rs 69.60 a share, an increase of 4 percent from the previous close price.\u00a0<\/p><p>Looking at the company\u2019s performance, ESAF Small Finance Bank Ltd\u2019s revenue increased by 3.07 percent on a quarter-on-quarter basis from Rs. 991.7 crores in Q1FY24 to Rs.1,022.2 crores in Q2 FY24. Further, revenue increased by 36 percent year on year from Rs. 753.1 crores in Q2FY23 to Rs.1,022 crores in Q2FY24.&nbsp;<\/p><p>ESAF Small Finance Bank Ltd&#8217;s net profit increased by 8 percent on a quarter-on-quarter basis from Rs. 129.96 crores in Q1FY24 to Rs. 140.12 crores in Q2FY24. Further, net profit increased by 143 percent year on year from Rs. 57.58 crores in Q2FY23 to Rs.140.12 crores in Q2FY24.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-383007977\"><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>ESAF Small Finance Bank Ltd reported an increase in return ratios from the previous financial year, a return on equity (ROE) increase from 3.97 percent to 19.41 percent, and a return on capital employed (ROCE) increase from 5.07 percent to 12.42 percent.&nbsp;<\/p><p>ESAF Small Finance Bank Ltd&#8217;s recent shareholding pattern, The Promoters of the company owns 63.39 percent while Retail shareholders own a 21.93 percent stake in the company and Foreign Institutional Investors own a 21.93 percent stake.&nbsp;<\/p><p>Small loans and banking services are offered to the underbanked by ESAF Small Finance Bank, an Indian small finance bank.&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-15768431\"><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 Small-cap company gained up to 4 percent after the company&#8217;s net profit grew by 143.35 percent in the second quarter result.&nbsp; ESAF Small Finance Bank Ltd is a Small-cap with a market capitalization of Rs 3,582.87 Crore. On Monday, the shares were trading at Rs 69.60 a share, an increase of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24849,"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":[14503,14504,14502,948,936],"class_list":["post-113967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-esaf-small-finance-bank-latest-news","tag-esaf-small-finance-bank-q2-results-fy24","tag-esaf-small-finance-bank-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>Bank stock jumps up to 4% after company&#039;s net profit increases by 143% in Q2 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this Small-cap company gained up to 4 percent after the company&#039;s net profit grew by 143.35 percent in the 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\/bank-stock-jumps-up-to-4-after-companys-net-profit-increases-by-143-in-q2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank stock jumps up to 4% after company&#039;s net profit increases by 143% in Q2\" \/>\n<meta property=\"og:description\" content=\"The shares of this Small-cap company gained up to 4 percent after the company&#039;s net profit grew by 143.35 percent in the second quarter result.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-after-companys-net-profit-increases-by-143-in-q2\/\" \/>\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=\"2023-11-20T05:36:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-20T05:37:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Markets-5-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\/bank-stock-jumps-up-to-4-after-companys-net-profit-increases-by-143-in-q2\/\",\"url\":\"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-after-companys-net-profit-increases-by-143-in-q2\/\",\"name\":\"Bank stock jumps up to 4% after company's net profit increases by 143% in Q2 - 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