BSE results season mixed bag for small-cap firms

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BSE results season mixed bag for small-cap firms

India Inc. has had a mixed bag with the results season coming to an end in the third quarter. In December, at least 23 small-cap companies on the BSE reported a 100 per cent growth in net profit and gross sales.

Vikas EcoTech emerged as the top gainer with a growth of 22,753 per cent in net profit. The company's bottom line increased to Rs 3.43 crore in Q 3 FY 22 over Rs 0.02 crore in the corresponding quarter last year. The company's gross sales increased by 165.05 per cent YoY to Rs 75.26 crore during the quarter under review.

Delta Corp is next on the list of casinos and hotels operators. In Q 3 FY22, the company posted a net profit of 70.38 crore, up 5,398 per cent, from just Rs 1.28 crore reported in the same period last year. The company's gross sales grew by 104 per cent YoY to Rs 301.58 crore.

Vikas Lifecare, Adcon Capital Services, Max Ventures and Industries and Emkay Global Finance Services also posted over 1,000 per cent growth in net profit in the December quarter on an over 100 per cent increase in gross sales.

Emkay Global Financial Services is involved in the business of stockbroking. Its primary services consist of institutional equities, portfolio management services, wealth management and investment banking. It also offers commodities, currency derivatives and retail broking services.

According to initial results, Response Informatics, Chandra Prabhu International, Tiger Logistics, California Software Company, Best Agrolife, Khaitan Chemicals, Wardwizard Innovations Mobility, KP Energy, Morgan Ventures, Cerebra Integrated Technologies, Share India Securities, Brightcom Group, JTL Infra, Garment Mantra Lifestyle, Darshan Orna and Vinyl Chemicals stood among other firms that posted over 100 per cent growth in net profit and gross sales during the quarter.