* Adani Ports & SEZ: Adani Group is preparing a $3 billion fund to increase its global port capacity and establish a significant presence in the corridor connecting India to Europe via Central and West Asia. The group plans to increase its port capacity from 600 million metric tonnes per annum (MMT) to 800 MMT in the next two years, mainly through international acquisitions.
* Gujarat State Fertilisers and Chemicals: GSFCL reported an 89% drop in consolidated net profit to ₹24.43 crore for Q4 of 2023-24 due to poor sales.
* IRCON International: The company reported a 3.8% decline in its consolidated net profit to ₹246.8 crore for Q4FY24.
* Hitachi Energy India: The company reported a 123.82% YoY jump in net profit at ₹113.7 crore for Q4FY24. The company’s revenue from operations increased 27.1% to ₹1,695.3 crore against ₹1,334 crore in the corresponding period of the preceding fiscal.
* Gulf Oil Lubricants India: The company reported a 38.74% YoY jump in net profit at ₹86.2 crore for the fourth quarter that ended March 31, 2024. The company’s revenue from operations increased 9.8% to ₹869.6 crore as against ₹792 crores in the corresponding period of the preceding fiscal.
* JK Tyre and Industries: The company posted a 56% rise in consolidated net profit on sustained demand for Q4FY24 at ₹169.33 crore.
* Trent: Zudio opened a record 203 new stores in FY24, entering 46 new cities. The company reported consolidated revenues of ₹12,375.11 crore and a profit of ₹1,477.46 crore for FY24.
* SpiceJet: The Delhi High Court has directed SpiceJet to comply with a UK court order, which asked the airline to return two leased aircraft and three engines to TWC Aviation Capital (TWC).
* Muthoot FinCorp: The company recorded highest-ever loan disbursements in FY24 that rose 18.6% to ₹61,703.26 crore on a consolidated basis.
* Indian Renewable Energy Development Agency: IREDA plans to launch a follow-on public offering (FPO) to raise funds and expand its loan book. The company plans to disburse over ₹30,000 crore in loans in FY25.
* Coforge: The company launched a Qualified Institutional Placement (QIP) on Tuesday night to raise funds. The company intends to raise up to ₹2,240 crore through the QIP.
* Apollo Tyres: White Iris Investment, a subsidiary of Warburg Pincus, will sell a 3.5% stake in Apollo Tyres on May 22 through a block deal to raise ₹1,040 crore. The block deal will likely happen at a 4% discount to the current market price of Apollo Tyres’ shares.
* Vodafone Idea: The company's board has approved raising to ₹2,075 crore from Oriana Investments, an entity of promoter Aditya Birla Group, through a preferential share issue. The equity shares allotted are at a face value of ₹10 at an issue price of ₹14.87 per equity share.
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