{"id":118827,"date":"2024-02-08T15:32:37","date_gmt":"2024-02-08T10:02:37","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=118827"},"modified":"2024-02-08T15:32:38","modified_gmt":"2024-02-08T10:02:38","slug":"ev-stock-jumps-up-to-6-after-its-net-profits-increases-by-154-in-q3","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/ev-stock-jumps-up-to-6-after-its-net-profits-increases-by-154-in-q3\/","title":{"rendered":"EV stock jumps up to 6% after its net profits increases by 154% in\u00a0Q3"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2293563250\"><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>New-firm that has multiple businesses including manufacturing electric vehicles and Drones jumped 6 percent in the day\u2019s trade following the release of its Q3FY24 results, with a 154 percent jump in net profit.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1093935517\"><!-- 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. 12,596 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RTNINDIA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Rattanindia Enterprises Limited<\/a><\/strong> were trading at Rs. 91.13, up 2.37 percent from its previous day\u2019s close price of Rs. 89.02\u00a0<\/p><p>Its revenue from operations grew by 43.42 percent YoY from Rs. 1,152.8 Crores in Q3FY23 to Rs. 1,653.4Crores in Q3FY24 and it grew 18.59 percent QoQ from Rs. 1,394.2 Crores in Q2FY24 to Rs. 1,653.4 Crores in Q3FY24.&nbsp;<\/p><p>Its Net Profit grew by 154.10 percent YoY from a loss Rs. 34.62 Crores in Q3FY23 to a profit of Rs. 18.73 Crores in Q3FY24 and it grew 33 percent QoQ from Rs. 14.07 Crores in Q2FY24 to Rs. 18.73 Crores in Q3FY24.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3975281466\"><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>RattanIndia Enterprises Limited is a new-age firm having operations in multiple businesses which include e-commerce, electric vehicles, fintech, and drones.&nbsp;<\/p><p>RattanIndia Enterprises has multiple businesses, it maintains an e-commerce platform in the name of Cocoblu Limited manufactures and sells drones and electric vehicles called Revolt which is one of the leading e-bikes in India, and many more.&nbsp;<\/p><p>In FY23, it generated 98.73 percent of its revenue from the sale of goods through the e-commerce marketplace, 1.20 from the Sale of bikes\/drones, and the rest 0.07 percent from the sale of traded goods\/spare parts.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S\u00a0<\/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-602115916\"><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>New-firm that has multiple businesses including manufacturing electric vehicles and Drones jumped 6 percent in the day\u2019s trade following the release of its Q3FY24 results, with a 154 percent jump in net profit.&nbsp; With a market capitalization of Rs. 12,596 Crores, the shares of Rattanindia Enterprises Limited were trading at Rs. 91.13, up 2.37 percent [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":118830,"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":[13886,16525,10494,948,936],"class_list":["post-118827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-rattanindia-enterprises-latest-news","tag-rattanindia-enterprises-q3-results-fy24","tag-rattanindia-enterprises-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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