Revenue, often regarded as the lifeblood of a business, is the total income generated by a company through its primary operations, services, or products within a specific period. It encompasses various streams, including sales, services, licensing, and other business activities.
Stocks to Watch: Companies that reported up to 337% YoY increase in revenue
Understanding and optimizing revenue is crucial for a company’s financial health, growth, and sustainability, making it a key metric in assessing business performance and viability.
Monitoring revenue trends and sources provides valuable insights into a company’s market positioning, customer preferences, and overall economic impact.
Here are the stocks whose revenue increased by 337 percent in Q3FY24 as compared to the previous year’s same period:
Choice International Ltd
Choice International Ltd. engages in broking and distribution, investment banking, financial services to business advisory, regulatory compliance for government authorities and other corporate entities, retail loan distribution, mutual fund distribution, technical services, and other ancillary services.
With a market capitalization of Rs 5,759.06 crore, the shares were trading at Rs 288.85 per share, decreasing around 0.12 percent as compared to the previous closing price.
The company’s revenue increased by 115 percent to Rs 207 crore in Q3FY24 from Rs 96 crore in Q3FY23. In the same time frame, net profit rose by 185 percent from Rs 14 crore to Rs 40 crore.
SG Finserve Ltd
Sg Finserve Limited is an India-based non-banking finance business (NBFC) that provides supply chain financing solutions to Indian conglomerates. It provides solutions for dealer financing, retail financing, vendor financing, and logistics/transporter financing.
With a market capitalization of Rs 2,608.98 crore, the shares were trading at Rs 474.80 per share, increasing around 1.77 percent as compared to the previous closing price.
The company’s revenue increased by 333 percent to Rs 52 crore in Q3FY24 from Rs 12 crore in Q3FY23. In the same time frame, net profit rose by 340 percent from Rs 5 crore to Rs 22 crore.
Ace investor Ashish Kacholia holds 6,28,366 shares, i.e. equivalent to 1.14 percent of the company as of December 2023.
Waaree Renewables Technologies Ltd
Waaree Renewables Technologies Ltd is in the business of generating power from renewable energy sources and also provides consulting services in this regard.
With a market capitalization of Rs 10,170.49 crore, the shares closed at Rs 4,882.65 per share, increased around 5.00 percent as compared to the previous closing price.
The company’s revenue increased by 337 percent to Rs 324 crore in Q3FY24 from Rs 74 crore in Q3FY23. In the same time frame, net profit rose by 156 percent from Rs 25 crore to Rs 64 crore.
