Net Profit is defined as the amount of money a company’s business earns after deducting all the operating costs, interest costs, and tax expenses over a given period of time. It is a crucial part of the decision-making process pertaining to dividend payouts, etc. It has become one of the most important metrics for companies as it is tracked by most entities. 

Listed below are 3 stocks that have shown a net profit growth of more than 400 percent in the quarter ending March 2023: 

Varun Beverages Limited 

Varun Beverages Limited is engaged in the process of manufacturing, bottling, selling, and distributing beverages of the Pepsi brand in a wide geographical spread of countries including India, Nepal, Sri Lanka, etc. 

Its brands include famous soft drink names such as Mountain Dew, Seven-Up, Tropicana Slice, etc. The firm generates a majority of its revenue from domestic operations within India. 

The company’s stock price opened at a price of Rs 1,514.80 and has a market capitalization of Rs 97,787 crores. 

Having a look at the financials of the company, it has been successful in reporting a huge increase as far as the Net Profit Figures are concerned. It took a shift from Rs 81.53 crores during the quarter ending December 2022 v/s Rs 438.6 crores in the quarter ending March 2023 exhibiting an increase of approximately 438 percent. 

Chennai Petroleum Corporation Limited 

Chennai Petroleum Corp Limited is involved in the process of manufacturing and supplying petrol products in India. The company has refineries present in Chennai, Manali, and Panangudi village in Tamil Nadu. The company’s product portfolio includes motor spirit, liquefied petroleum gas, fuel oil, etc. 

The company’s stock price opened at a price of Rs 308.60 and has a market capitalization of Rs 4,594 crores. 

Having a quick walkthrough of the financials of the company, it has been successful in reporting a huge increase as far as the net profit figures are concerned. It took a shift from Rs 142.96 crores during the quarter ending December 2022 v/s Rs 1,004.18 crores in the quarter ending March 2023 exhibiting an increase of approximately 602 percent.

Century Textiles & Industries Limited 

Century Textiles & Industries Limited is a manufacturer with 3 broad business segments including Pulp & Paper, Textiles, and Real Estate. A majority of the company’s revenue is generated from the Indian markets. 

The company’s stock price opened at a price of Rs 774.65 and has a market capitalization of Rs 8,583 crores. 

Having a glance at the financials of the company, it has been successful in reporting a huge increase as far as the net profit figures are concerned. It took a shift from Rs 7.07 crores during the quarter ending December 2022 v/s Rs 142.93 crores in the quarter ending March 2023 exhibiting an increase of approximately 1,922 percent. 

Written by Amit Madnani

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