{"id":138915,"date":"2024-11-14T15:31:08","date_gmt":"2024-11-14T10:01:08","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=138915"},"modified":"2024-11-14T15:31:16","modified_gmt":"2024-11-14T10:01:16","slug":"waste-management-stock-jumps-5-after-companys-net-profit-increases-by-96-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/waste-management-stock-jumps-5-after-companys-net-profit-increases-by-96-yoy\/","title":{"rendered":"Waste management stock jumps 5% after company&#8217;s net profit increases by 96% YoY"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-378289460\"><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>Waste Management stock engaged in providing comprehensive services for recycling Electrical and Electronic Equipment (EEE) such as air conditioners, refrigerators and many more jumped upto 3 percent in the day\u2019s following 96 percent jump in Net Profits.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2334516793\"><!-- 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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price Action&nbsp;<\/strong><\/h2><p>With a market capitalization of Rs. 487 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/NAMOEWASTE\" target=\"_blank\" rel=\"noreferrer noopener\">Namo Ewaste Management Limited<\/a><\/strong> were trading at Rs. 213 per equity share, down 3.55 percent from its previous day\u2019s close price of Rs. 220.90.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Half Yearly Results&nbsp;<\/strong><\/h2><p>Coming the revenue generated from operations on a half-yearly basis it grew by 88 percent YoY from Rs. 35.55 Crores in H1FY24 to Rs. 66.83 Crores in H1FY25.&nbsp;<\/p><p>Accompanied by revenue from operations its Net Profit on a half-yearly basis grew by 96 percent YoY from Rs. 2.72 Crores in H1FY24 to Rs. 5.34Crores in H1FY25.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2952782643\"><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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>Namo eWaste Management is an ISO-certified company engaged in providing comprehensive services for recycling Electrical and Electronic Equipment (EEE) such as air conditioners, refrigerators, laptops, phones, washing machines, fans, and many more.&nbsp;<\/p><p>Coming to the revenue breakup, it generates 70 percent of its revenue from Electronic Recycling, Refurbishment 13 percent, and Extended Producer Responsibility (EPR) Services 17 percent.&nbsp;<\/p><p>As part of its expansion process it is funding its subsidiary, Techeco Waste Management LLP, to establish a Lithium Battery Recycling Plant in Nashik which will be used to recycle waste lithium batteries, such as cellphone laptop batteries, cylindrical batteries, EV batteries, soft battery pouch, scrap leftover material of cathode and many more.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Bharath KS<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" 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-2423383621\"><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>Waste Management stock engaged in providing comprehensive services for recycling Electrical and Electronic Equipment (EEE) such as air conditioners, refrigerators and many more jumped upto 3 percent in the day\u2019s following 96 percent jump in Net Profits.&nbsp; Price Action&nbsp; With a market capitalization of Rs. 487 Crores, the shares of Namo Ewaste Management Limited were [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":118548,"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":[31,1789],"tags":[23273,23269,23272,23270,948,936,3157,22220],"class_list":["post-138915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-latest-news-of-namo-ewaste-management-limited","tag-namo-ewaste-management","tag-namo-ewaste-management-limited-news","tag-namo-ewaste-management-news","tag-stock-market","tag-stock-market-news","tag-stock-to-watch","tag-waste-management-stock"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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