* Shyam Metallics: The company reported a 54.46% increase in realizations on selling stainless steel compared to the previous year. Stainless steel volumes increased by 33.68% YoY.
* Gopal Snacks: The company reported a 4.15% decline in profit after tax to ₹26.11 crore in the January-to-March quarter, while revenue increased by 6.6% to ₹358 crore.
* Brigade Enterprises: The company will develop a residential project in Bengaluru, with a gross development value of 660 crore.
* Stylam Industries: AICA Kogyo, a Japanese company, is reportedly negotiating to acquire a substantial stake in Indian laminate manufacturer Stylam Industries.
* Vodafone Idea: The company's shareholders have approved a proposal to raise its authorized share capital to ₹1 lakh crore and issue equity shares preferentially to promoter group firm Oriana Investments.
* Tata Motors: Owing to improved operating leverage, favorable commodity prices, and strong volume growth across its various segments, Tata Motors posted a 222 percent growth in its consolidated net profit at Rs 17,407.18 crore. Revenue from operations increased 13 percent to Rs 1,19,986.31 crore for the quarter under review from Rs 105,932.35 crore a year ago.
* Abbott India: The company reported a 24.1% YoY increase in net profit to ₹287.1 crore for Q4FY24. The company's revenue from operations increased by 7.1% to ₹1,438.6 crore. EBITDA rose by 17.6% to ₹329.5 crore. The board of directors has recommended a final dividend of ₹410 per equity share for the year ended March 31, 2024.
* ICICI Lombard General Insurance Company: Bharti Enterprises has sold the shares of ICICI Lombard General Insurance Company for ₹663 crore through open market transactions. The shares were sold at an average price of ₹1,722.5 apiece, reducing Bharti Enterprises' shareholding to 1.63% from 2.43%. ICICI Bank purchased a 0.4% stake in ICICI Lombard, increasing its stakeholding to 51.7%.
* Suryoday Small Finance Bank: The bank reported a 56.3% YoY increase in net profit to ₹60.8 crore for Q4 FY24. The bank's NII rose by 28.9% to ₹270.8 crore. The GNPA and NNPA stood at 2.94% and 0.86% respectively. Provisions were at ₹48.2 crore and the bank's Provision Coverage Ratio was 71.2%. The bank's gross advances and disbursements increased by 41.5% and 36.1% YoY respectively.
* Solara Active Pharma Sciences: The company approved a rights issue to raise ₹449.95 crore. The rights shares are priced at ₹375 per equity share. Shareholders will receive one equity share for every three equity shares held by them as of the record date, which is May 15, 2024. The issue is scheduled to open on May 28, 2024, and will close on June 11, 2024.
0 Comments