{"id":114745,"date":"2023-12-01T13:50:53","date_gmt":"2023-12-01T08:20:53","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114745"},"modified":"2023-12-01T13:50:59","modified_gmt":"2023-12-01T08:20:59","slug":"recently-listed-stock-jumps-after-announcing-21-increase-in-net-profits-in-q2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/recently-listed-stock-jumps-after-announcing-21-increase-in-net-profits-in-q2\/","title":{"rendered":"Recently listed stock jumps after announcing 21% 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-845223235\"><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 jumped 2 percent after the company announced their quarterly results. The company was listed in November 2023.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2448346763\"><!-- 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 capitalisation of Rs. 4,849 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/544021\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Protean eGov Technologies Ltd<\/a><\/strong> started Friday\u2019s trading session on a higher note at Rs. 1,236 compared to its previous close at Rs. 1,198. The share hit a high of Rs. 1,247, gaining around 2 percent, also recorded as the company\u2019s fresh 52-week high, and currently trading at Rs. 1,999 apiece.\u00a0<\/p><p>Such a positive movement was observed after the company announced their June-September results. The revenue increased by 13 percent from Rs. 220.41 crores during the June quarter to Rs. 253.69 crores in the September quarter. In addition, the net profit increased marginally by 1.8 percent from Rs. 32.21 crores to Rs. 32.78 crores during the same timeframe.&nbsp;<\/p><p>Comparing these metrics on a YoY basis, the revenue zoomed by 24 percent from Rs. 177.66 crores in Q2 FY23 to Rs. 253. 69 crores during Q2 FY24. Furthermore, the net profit increased by 21 percent from Rs. 25.68 crores to Rs. 32.78 crores during the same period.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3067193143\"><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>Coming onto the important financial ratios, the return on equity (RoE) was reported at 13.6 percent during FY22-23 and the return on capital employed was recorded at 18 percent during the same time horizon.&nbsp;<\/p><p>According to the latest shareholding pattern, the company has a \u2018zero\u2019 Promoter holding, as they are managed by professionals, DIIs have a huge holding of 54.55 percent, the Public or the Retail Investors have a 43.33 percent stake, and the remaining 2.11 percent shares are with FIIs.&nbsp;<\/p><p>Protean eGov Technologies Limited was incorporated in December 1995. The company was previously known as NSDL e-Governance Infrastructure Ltd. It is engaged in developing citizen-centric and population-scale e-governance solutions.&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-512441731\"><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 jumped 2 percent after the company announced their quarterly results. The company was listed in November 2023.&nbsp; With a market capitalisation of Rs. 4,849 crores, the shares of Protean eGov Technologies Ltd started Friday\u2019s trading session on a higher note at Rs. 1,236 compared to its previous close at [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28544,"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":[14835,14836,14834,948,936],"class_list":["post-114745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-protean-egov-technologies-latest-news","tag-protean-egov-technologies-net-profits","tag-protean-egov-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) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Recently listed stock jumps after announcing 21% increase in net profits in Q2 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this small-cap company jumped 2 percent after the company announced their quarterly results. 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