{"id":120003,"date":"2024-02-29T15:41:02","date_gmt":"2024-02-29T10:11:02","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=120003"},"modified":"2024-02-29T16:04:36","modified_gmt":"2024-02-29T10:34:36","slug":"chemical-stock-falls-7-after-companys-net-profits-decreases-2-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/chemical-stock-falls-7-after-companys-net-profits-decreases-2-yoy\/","title":{"rendered":"Chemical stock falls 7% after company&#8217;s net profits decreases 2% YoY \u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-994882240\"><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 the chemicals and petrochemicals solution provider fell by 7 percent after the company didn\u2019t meet the market expectations in the third quarter result.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-300636169\"><!-- 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 12,779.35 crore, the shares of KSB Ltd were trading at Rs 3,676.55 apiece, decreasing around 6.39 percent as compared to the previous closing of Rs 3,927.60 per share.&nbsp;<\/p><p>Looking into the company&#8217;s Performance, KBS Ltd&#8217;s revenue increased by 7 percent on a quarter-on-quarter basis from Rs. 564 crores in Q2FY24 to Rs. 603 crores in Q3 FY24. Further, revenue increased by 15 percent year on year from Rs. 525 crores in Q3FY23 to Rs.603 crores in Q3FY24.&nbsp;<\/p><p>KBS Ltd&#8217;s net profit increased by 10 percent on a quarter-on-quarter basis from Rs.50 crore in Q2FY24 to Rs. 55 crore in Q3FY24. Further, net profit decreased by 2 percent yearly from Rs. 56 crore in Q3FY23 to Rs. 55 crore in Q3FY24.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-257118692\"><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>As of FY22-23, the company booked big export orders from Finland, Turkey, etc. The prestigious order from the Nuclear Power Corporation of India (NPCIL) worth 500 crores for a 700 MW nuclear power plant.&nbsp;<\/p><p>KBS Ltd reported return ratios in the recent financial year with a return on equity (ROE) of 17.1 percent and a return on capital employed (ROCE) of 23.3 percent.&nbsp;<\/p><p>According to the latest shareholding data available for the December 2023 quarter, the company\u2019s Promoters hold 66.69 percent stake, the Domestic Institutional Investors hold 4 percent and the Foreign Institutional Investors (FII) hold 10.76 percent.&nbsp;<\/p><p>KSB Ltd manufactures a wide range of standard industrial end suction and high-pressure multistage pumps, submersible motor pumps, monoblock pumps, and other value-added parts for the agricultural, waste-water treatment, energy (nuclear and conventional power), oil and gas, and other industries.&nbsp;<\/p><p><strong>Written by:- Abhishek Singh&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><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-content-10\" id=\"trade-3561556675\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><div class=\"trade-after-content\" id=\"trade-3436227790\"><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 the chemicals and petrochemicals solution provider fell by 7 percent after the company didn\u2019t meet the market expectations in the third quarter result.&nbsp; With a market capitalization of Rs 12,779.35 crore, the shares of KSB Ltd were trading at Rs 3,676.55 apiece, decreasing around 6.39 percent as compared to the previous closing [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":109439,"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":[31,13525],"tags":[],"class_list":["post-120003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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