Turnaround stocks: Just Dial, Sterlite Technologies among 9 smallcap companies that returned to profit in Q1
1/10
Back in Black
In the June quarter of FY24, a handful of companies staged a turnaround from loss-making to profit-making on a year-on-year basis. According to StockEdge data, Just Dial, Sterlite Technologies, Lloyds Metals and others turned profitable in Q1FY24. Here is a list:
2/10
NBCC
In the June quarter of FY23, NBCC reported a net loss of Rs 6.3 crore, while in the June quarter of FY24, it posted a net profit of Rs 75 crore. The firm has a market cap of Rs 8,563 crore.
3/10
Swan Energy
In the June quarter of the financial year 2023, Swan Energy reported a net loss of Rs 49.5 crore, while it posted a net profit of Rs 144.8 crore in Q1FY24. It has a market cap of Rs 7,272 crore.
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4/10
Sterlite Technologies
Sterlite Technologies reported a net loss of Rs 22 crore in Q1FY23, while it posted a net profit of Rs 54 crore in Q1FY24. It has a market cap of Rs 6,068 crore.
5/10
Alembic pharmaceuticals
Alembic Pharmaceuticals reported a net loss of Rs 65.9 crore in the June quarter of FY23, while the company posted a net profit of Rs 120.6 crore in the June quarter of FY24. The firm has a market cap of Rs 14,604 crore.
6/10
Just Dial
In the June quarter of FY23, Just Dial reported a loss of Rs 48.4 crore, while it reported a net profit of Rs 83.4 crore in the June quarter of FY24. It has a market cap of Rs 6,517 crore.
7/10
RattanIndia Enterprises
RattanIndia Enterprises reported a net loss of Rs 216 crore in Q1FY23, while it posted a net profit of Rs 178.8 crore in Q1FY24. The firm has a market cap of Rs 6,842 crore.
8/10
Hikal
In Q1FY23, Hikal reported a net loss of Rs 8.9 crore, while in Q1FY24 it reported a net profit of Rs 6.9 crore. The firm has a market cap of Rs 3,541 crore.
9/10
Lloyds Metals & Energy
Lloyds Metal & Energy reported a net loss of Rs 930.3 crore in the June quarter of FY23, while the company posted a net profit of Rs 403.3 crore in the June quarter of FY24. It has a market cap of Rs 28,684 crore.
10/10
Varroc Engineering
Varroc Engineering reported a net loss of Rs 84.8 crore in Q1FY23, while it posted a net profit of Rs 32.3 crore in Q1FY24. The firm has a market cap of Rs 5,675 crore.