{"id":123780,"date":"2024-05-07T17:06:51","date_gmt":"2024-05-07T11:36:51","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=123780"},"modified":"2024-05-07T18:19:48","modified_gmt":"2024-05-07T12:49:48","slug":"small-cap-stock-falls-5-after-companys-net-profits-decreased-by-45-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-falls-5-after-companys-net-profits-decreased-by-45-yoy\/","title":{"rendered":"Small cap stock falls 5% after company&#8217;s net profits decreased by 45% YoY"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2472852103\"><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 stock associated with the \u2018Refractory &amp; Electrode\u2019 industry fell approximately 5 percent in Tuesday\u2019s trading session after the company reported underperforming numbers during Q4FY24, especially the bottom-line numbers.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-281001132\"><!-- 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 12,039.04 crores, the stocks of <strong>Graphite India Limited<\/strong> closed their trading session on Tuesday at Rs 616.20, slipping around 5 percent compared to the previous closing levels of Rs 648.60 apiece.\u00a0<\/p><p>Such a sudden drop in the share price was witnessed after the company, through a regulatory filing with the Bombay Stock Exchange (BSE), announced the financial results for Q4FY24, viz, for the quarter ended March 2024.&nbsp;<\/p><p>On a sequential basis, the company\u2019s prime business indicators such as operating revenues and after-tax profits showed movements in opposing directions with the former, on one end, increasing from Rs 690 crores during Q3FY24 to Rs 720 crores during Q4FY24, and the latter, on the other end, reducing marginally from Rs 17 crores to Rs 16 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2952747253\"><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>Comparing Q4FY23 v\/s Q4FY24, the metrics mentioned above reported negative movements with the operating revenues dipping from Rs 815 crores to Rs 720 crores, and the latter, keeping the timeframe the same, moving down from Rs 29 crores to Rs 16 crores exhibiting a dip of approximately 45 percent.&nbsp;<\/p><p>In addition to the above, the company also reported underperforming return ratios with the return on equity (RoE) reducing from 10.20 percent during FY22 to 4.01 percent during FY23, and the return on capital employed (RoCE), keeping the time horizon the same, slipping from 14.04 percent to 7.62 percent.&nbsp;<\/p><p>Despite the negative performance, the company\u2019s stock has proven to deliver decent returns to its shareholders with around 35 percent returns in the last six months and nearly 90 percent returns in the past year.&nbsp;<\/p><p>Graphite India Limited is an India-based company engaged in the manufacturing process of industrial products. The company manufactures graphite electrodes and other various graphite-based products. It is also engaged in manufacturing other products including graphite equipment &amp; spares, reinforced plastic pipes, and others.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani&nbsp;<\/strong><\/p>\n\n<h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4>\n\n<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>\n\n<p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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><\/blockquote><div class=\"trade-after-content\" id=\"trade-3543723142\"><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 stock associated with the \u2018Refractory &amp; Electrode\u2019 industry fell approximately 5 percent in Tuesday\u2019s trading session after the company reported underperforming numbers during Q4FY24, especially the bottom-line numbers.&nbsp; With a market capitalization of Rs 12,039.04 crores, the stocks of Graphite India Limited closed their trading session on Tuesday at Rs [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":46165,"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-123780","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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