{"id":123918,"date":"2024-05-09T14:49:24","date_gmt":"2024-05-09T09:19:24","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=123918"},"modified":"2024-05-09T16:23:36","modified_gmt":"2024-05-09T10:53:36","slug":"stock-jumps-7-after-company-reports-109-qoq-increase-in-net-profit","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-7-after-company-reports-109-qoq-increase-in-net-profit\/","title":{"rendered":"Stock jumps 7% after company reports 109% QoQ increase in net profit"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2293094591\"><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 anti-friction bearings manufacturer gained up to 7 percent after the company\u2019s net profit and revenue increased by 109 percent and 46 percent respectively in the fourth quarter.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1766016690\"><!-- 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 26,119.33 crore, the shares of <strong>Timken India Ltd<\/strong> were trading at Rs 3,474.20 per share, increasing around 4 percent as compared to the previous closing price of Rs 3,344.05 apiece.\u00a0<\/p><p>Looking into the company&#8217;s performance, Timken India Ltd&#8217;s revenue increased by 46 percent on a quarter-on-quarter basis from Rs. 622.7 crore in Q3FY24 to Rs. 908.5 crore in Q4FY24. Further, revenue increased by 12 percent year on year, from Rs. 809.1 crore in Q4FY23 to Rs. 908.5 crore in Q4FY24.&nbsp;<\/p><p><strong>Timken India Ltd&#8217;s net profit increased by 109 percent on a quarter-on-quarter basis, from Rs. 6.75 crore in Q3FY24 to Rs. 14.14 crore in Q4FY24. Further, net profit increased by 35 percent year on year from Rs. 10.45 crore in Q4FY23 to Rs. 14.14 crore in Q4FY24.&nbsp;<\/strong><\/p><div class=\"trade-content_5\" id=\"trade-2657904816\"><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>The company is setting up a manufacturing facility at a cost of Rs 600 crore in Bharuch, Gujarat for the production of spherical and cylindrical roller bearings. It used to import these products from the parent earlier. The production is anticipated to commence by 2025 and drive sales growth business.&nbsp;<\/p><p>The company&#8217;s profitability measures show a decline in return on equity (RoE) from 19.74 percent in FY 21-22 to 19.18 percent in FY 22-23, while, during the same period return on capital employed (RoCE) decreased from 25.06 percent to 24.71 percent. In contrast, the net profit margin (NPM) was 13.92 percent in fiscal year 22-23.&nbsp;<\/p><p>In the company\u2019s recent shareholding pattern, promoters own 57.70 percent while Retail shareholders own a 11.45 percent stake in the company, and domestic Institutional Investors own a 23.62 percent stake.&nbsp;<\/p><p>Timken India Ltd manufactures, distributes, and sells anti-friction bearings, components, accessories, and mechanical power transmission products to a wide range of customers in various industries. It also offered maintenance contracts, refurbishing services, and industrial services.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh&nbsp;<\/strong><\/p><\/blockquote><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 <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><div class=\"trade-after-content\" id=\"trade-3841144850\"><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 anti-friction bearings manufacturer gained up to 7 percent after the company\u2019s net profit and revenue increased by 109 percent and 46 percent respectively in the fourth quarter.&nbsp; With a market capitalization of Rs 26,119.33 crore, the shares of Timken India Ltd were trading at Rs 3,474.20 per share, increasing around 4 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28546,"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-123918","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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