{"id":124193,"date":"2024-05-14T14:13:29","date_gmt":"2024-05-14T08:43:29","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=124193"},"modified":"2024-05-14T14:51:13","modified_gmt":"2024-05-14T09:21:13","slug":"small-cap-jumps-10-after-companys-net-profit-increased-by-62-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-jumps-10-after-companys-net-profit-increased-by-62-yoy\/","title":{"rendered":"Small cap jumps 10% after company&#8217;s net profit increased by 62% YoY \u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-370920426\"><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>India&#8217;s premier luxury watch boutique chain saw a surge of 10%, reaching \u20b92,540.40 per share, following the company&#8217;s announcement of a remarkable 62% year-on-year rise in net profit.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-822728849\"><!-- 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>At 1:40 p.m., <strong>Ethos Ltd<\/strong>. shares were trading at \u20b92,468 per share, up 6.7% on the National Stock Exchange from the previous close price. The company has a market capitalization of \u20b96,026 crore.\u00a0<\/p><p><strong>Ethos Ltd announced a consolidated net profit of \u20b921 crores for the quarter ending March 2024 (Q4FY24), marking a 62% rise from \u20b913 crores recorded in Q4FY23. Additionally, the company&#8217;s total revenue for the same quarter surged by 22%, reaching \u20b9253 crores compared to \u20b9208 crores in the previous year&#8217;s corresponding quarter.\u00a0<\/strong><\/p><p>For the fiscal year 2023-24, the company reported a consolidated net profit of \u20b983 Crores, up 38% from \u20b963 Crores in FY22-23. Similarly, the total revenue for the fiscal year grew by 27%, standing at \u20b9999 crores compared to \u20b9789 crores in the previous fiscal year. As per the company\u2019s filing.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2157923629\"><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>Ethos is India\u2019s largest luxury and premium watch retail player. The company has over 63 stores across 24 cities in India, including one duty-free store at the Delhi international airport.&nbsp;<\/p><p>The company sells products under Brands like Omega, IWC Schaffhausen, Jaeger LeCoultre, Panerai, Bvlgari, H. Moser &amp; Cie, Rado, Longines, Baume &amp; Mercier, Oris SA, Corum, Carl F. Bucherer, Tissot, Raymond Weil, Louis Moinet and Balmain. The company will launch Swiss Watch Brand Laurent Ferrier In India in FY24.The company added 6 news brands in Q1FY24.&nbsp;<\/p><p>Ethos Ltd. shares have gained 22% in last six months and 93% in last 12 months.&nbsp;<\/p><p><strong>Written by Omkar Chitnis&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 <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-634785522\"><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>India&#8217;s premier luxury watch boutique chain saw a surge of 10%, reaching \u20b92,540.40 per share, following the company&#8217;s announcement of a remarkable 62% year-on-year rise in net profit.&nbsp; At 1:40 p.m., Ethos Ltd. shares were trading at \u20b92,468 per share, up 6.7% on the National Stock Exchange from the previous close price. The company has [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":76383,"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-124193","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) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Small cap jumps 10% after company&#039;s net profit increased by 62% YoY \u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"India&#039;s premier luxury watch boutique chain saw a surge of 10%, reaching \u20b92,540.40 per share, following the company&#039;s announcement of a remarkable 62% year-on-year rise in net profit.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/small-cap-jumps-10-after-companys-net-profit-increased-by-62-yoy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Small cap jumps 10% after company&#039;s net profit increased by 62% YoY \u00a0\" \/>\n<meta property=\"og:description\" content=\"India&#039;s premier luxury watch boutique chain saw a surge of 10%, reaching \u20b92,540.40 per share, following the company&#039;s announcement of a remarkable 62% year-on-year rise in net profit.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/small-cap-jumps-10-after-companys-net-profit-increased-by-62-yoy\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-14T08:43:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-14T09:21:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/12\/Luxury-Watch.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/small-cap-jumps-10-after-companys-net-profit-increased-by-62-yoy\/\",\"url\":\"https:\/\/tradebrains.in\/features\/small-cap-jumps-10-after-companys-net-profit-increased-by-62-yoy\/\",\"name\":\"Small cap jumps 10% after company's net profit increased by 62% YoY \u00a0 - 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