{"id":17819,"date":"2023-02-16T06:30:28","date_gmt":"2023-02-16T06:30:28","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2023\/02\/16\/the-small-cap-stock-with-77-yield-reports-8-increase-in-q3-net-profit-qoq\/"},"modified":"2023-02-16T06:30:28","modified_gmt":"2023-02-16T06:30:28","slug":"the-small-cap-stock-with-77-yield-reports-8-increase-in-q3-net-profit-qoq","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2023\/02\/16\/the-small-cap-stock-with-77-yield-reports-8-increase-in-q3-net-profit-qoq\/","title":{"rendered":"The small cap stock with 77% yield reports 8% increase in Q3 net profit QoQ"},"content":{"rendered":"
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New Delhi (India), February 16:<\/strong>\u00a0Prevest DenPro has reported a net profit of Rs 3.59 crore in the third quarter of FY23, an increase of 8 per cent QoQ, the company informed the exchange in a regulatory filing.<\/p>\n

The company’s net profit in the September quarter stood at Rs 3.33 crore. The net profit in the October-December quarter of FY22 was Rs 3.75 crore.<\/p>\n

The Jammu-based dental products manufacturer’s net sales increased to Rs 12.26 crore during the December quarter as compared to Rs 11.41 crore during the same quarter a year ago. In the July-September quarter of FY23, the company’s net sales stood at Rs 11.44 crore.<\/p>\n

Its total expenses during the quarter under review rose to Rs 74.8 crore from Rs 66.6 crore a year ago period.<\/p>\n

Meanwhile, the company’s new R&D centre, set up at an investment of $1.45 million, has become operational. The facility is spread across 16,000 sq ft.<\/p>\n

The company 2022 was named among the 5 top performing SME companies listed on BSE in the year 2021-22.<\/p>\n

Established by Atul Modi and Namrata Modi in 1999, Prevest DenPro supplies products to more than 80 countries.<\/p>\n

The stock finished at Rs 334 apiece on BSE on Wednesday. It had yielded a whopping 77 per cent return since listing in October 2021, resulting in wealth gain for investors. The stock’s 52-week range is Rs 494.50 – Rs 267. The company has a market capitalization of Rs 400 crore.<\/p>\n

\u00a0<\/strong>If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

New Delhi (India), February 16:\u00a0Prevest DenPro has reported a net profit of Rs 3.59 crore in the third quarter of FY23, an increase of 8 per cent QoQ, the company informed the exchange in a regulatory filing. The company’s net profit in the September quarter stood at Rs 3.33 crore. The net profit in the…<\/p>\n

Read More “The small cap stock with 77% yield reports 8% increase in Q3 net profit QoQ”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":17820,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-17819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/17819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=17819"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/17819\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/17820"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=17819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=17819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=17819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}