{"id":124565,"date":"2024-05-21T15:16:54","date_gmt":"2024-05-21T09:46:54","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=124565"},"modified":"2024-05-21T15:36:54","modified_gmt":"2024-05-21T10:06:54","slug":"mid-cap-stock-falls-8-after-companys-net-profit-decreased-by-55-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/mid-cap-stock-falls-8-after-companys-net-profit-decreased-by-55-yoy\/","title":{"rendered":"Mid cap stock falls 8% after company&#8217;s net profit decreased by 55% YoY"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-535725006\"><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 fabric manufacturer fell up to 8 percent after the company\u2019s net profit decreased by 55 percent YoY and 45 Percent QoQ in the fourth quarter.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-858559367\"><!-- 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 19,435.97 crore, the shares of <strong>Trident Ltd<\/strong> were trading at Rs 38.14 per share, decreasing around 6 percent as compared to the previous closing price of Rs 40.53 apiece.\u00a0<\/p><p>Looking into the company&#8217;s performance, Trident Ltd&#8217;s revenue decreased by 8 percent on a quarter-on-quarter basis from Rs. 1,835 crore in Q3FY24 to Rs. 1,682 crore in Q4FY24. Further, revenue increased by 7 percent year on year, from Rs. 1,573 crore in Q4FY23 to Rs. 1,682 crore in Q4FY24.&nbsp;<\/p><p><strong>Trident Ltd&#8217;s net profit decreased by 45 percent on a quarter-on-quarter basis, from Rs. 109 crore in Q3FY24 to Rs. 59 crore in Q4FY24. Further, net profit decreased by 55 percent year on year from Rs. 131 crore in Q4FY23 to Rs. 59 crore in Q4FY24.\u00a0<\/strong><\/p><div class=\"trade-content_5\" id=\"trade-614973781\"><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&#8217;s profitability measures show an decline in return on equity (RoE) from 10.51 percent in FY 21-22 to 8.09 percent in FY 22-23, while, during the same period return on capital employed (RoCE) decreased from 12.27 percent to 10.80 percent. In contrast, the net profit margin (NPM) was 5.14 percent in fiscal year 22-23.&nbsp;<\/p><p>In the company\u2019s recent shareholding pattern, promoters own 73.19 percent while Retail shareholders own a 22.85 percent stake in the company and foreign Institutional Investors own a 2.65 percent stake.&nbsp;<\/p><p>Trident Limited is an India-based firm that manufactures, trades, and sells textiles (yarn, terry towels, and bedsheets) as well as paper and chemicals. The company operates in two segments: textiles, paper, and chemicals. The Textiles division manufactures yarn, towels, bedsheets, and colored yarn (including utility service).&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><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 <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-1600187190\"><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 fabric manufacturer fell up to 8 percent after the company\u2019s net profit decreased by 55 percent YoY and 45 Percent QoQ in the fourth quarter.&nbsp; With a market capitalization of Rs 19,435.97 crore, the shares of Trident Ltd were trading at Rs 38.14 per share, decreasing around 6 percent as compared [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":12545,"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-124565","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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