Smallcap stock jumps 9% after net profit increases by 64% YoY

Published 21-01-2025, 02:29 pm
© Reuters.  Smallcap stock jumps 9% after net profit increases by 64% YoY

The shares of one of the Smallcap stock, specialized in the manufacturing of high-quality refractory products used in various industrial applications, including steel, cement, and glass industries., jumps 9 percent upon declaring Q3 results and generating revenue with 77 percent rise year-on-year (YoY)

Price action

With a market capitalization of Rs. 2,873.9 crores on Tuesday, the shares of Raghav Productivity Enhancers Limited is up by 9 percent making a high of Rs. 685 per share compared to its previous closing price of Rs. 625.50 per share.

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What Happened

Raghav Productivity Enhancers Ltd specialized in the manufacturing of consumer electronics, home appliances, lighting products, and mobile phone accessories, along with providing integrated design and engineering solutions, have announced their Q3FY25 results.

Its Revenue from operations grew by 77 percent YoY from Rs. 35.59 Crores in Q3FY24 to Rs. 63.23 Crores in Q3FY25 and it rose by 12.5 percent QoQ from Rs. 56.17 Crores in Q2FY25 to Rs. 63.23 Crores in Q3FY25.

Its Net Profit rose by 64 percent YoY from Rs. 5.97 Crores in Q3FY24 to Rs. 9.81 Crores in Q3FY25 and it rose by 12.2 percent QoQ from Rs. 8.74 Crores in Q2FY25 to Rs. 9.81 Crores in Q3FY25.

The earnings per share (EPS) for the quarter stood at Rs. 2.14, compared to Rs. 1.91 in the previous quarter and Rs. 1.30 in the same quarter last year.

Future Outlook

The manufacturing sector, in particular, has been an outstanding performer in recent times. It is estimated that the Indian manufacturing sector has the potential to evolve into a USD 1 trillion industry by 2025-26.

The aim is to expand exports, tap into new markets, improve margins through operational efficiencies, and leverage a new plant’s capabilities. The company is committed to R&D, particularly in developing custom furnace linings and silica-based products for various industries, driving growth and value for stakeholders.

Key Insights

The company has a strong average ROCE of 16.30 percent over the past three years, indicating efficient capital utilization. Additionally, it maintains a low debt-to-equity ratio of 0.05.

Written by Sridhar J

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