* Majestic Auto: The company reported a 19.65% YoY increase in net sales for March 2024, up to ₹15.52 crore from Rs. 12.97 crore in March 2023.
* Minda Corporation: The company saw a 13.07% YoY increase in net sales for March 2024, up to ₹1,214.98 crore from Rs. 1,074.55 crore in March 2023. However, the quarterly net profit dropped by 41.98% to Rs. 70.75 crore, while EBITDA increased by 24.34% to Rs. 148.36 crore.
* Navneet Education: The company saw a 6.42% YoY increase in net sales for March 2024, up to ₹435.28 crore from Rs. 409.02 crore in March 2023. The quarterly net profit also rose 108.23% to Rs. 47.81 crore, and EBITDA increased by 42.29% to Rs. 91.11 crore.
* Gandhar Oil Refinery: The company saw a 4.81% YoY decrease in net sales for March 2024, down to ₹939.24 crore from Rs. 986.68 crore in March 2023. The quarterly net profit dropped by 58.8% to Rs. 9.14 crore, and EBITDA decreased by 27.36% to Rs. 38.39 crore.
* Urja Global: The company saw a 22.43% YoY increase in net sales for March 2024, up to ₹13.02 crore from Rs. 10.64 crore in March 2023. The quarterly net profit rose by 400.98% to Rs. 0.46 crore, and EBITDA increased by 14.29% to Rs. 0.64 crore.
* RattanIndia Power: The company reported a 1.49% YoY increase in net sales for March 2024, up to ₹913.96 crore from Rs. 900.58 crore in March 2023. The quarterly net profit skyrocketed by 2,307.36% to Rs. 10,665.75 crore, and EBITDA increased by 1.04% to ₹287.80 crore. The EPS also increased to Rs. 19.86 in March 2024 from Rs. 0.90 in March 2023.
* Metro Brands: The company reported a 126.3% YoY surge in profit for Q4, up to ₹155.6 crore from ₹68.7 crore. Revenue increased by 7.1% to ₹583 crore. The company also reported a tax write-back of ₹50.8 crore.
* Larsen & Toubro: L&T has dispatched the world’s heaviest ethylene oxide reactors to China for a project of chemical giant BASF. The reactors were sent by the heavy engineering vertical of L&T.
* JIOFIN: Jio Financial Services Ltd was seeking the company's member's approval through a remote electronic voting process for foreign investments (including foreign portfolio investments) up to 49% of the company's paid-up equity share capital.
* Stock Market today: The Nifty IT Index rebounded 1.3% on Thursday and was among the top sectoral index performers. The stocks such as Coforge, Persistent, TCS, Mphasis, LTIMindtree, and Infosys share prices gained up to 4%.
* NIFTY & SENSEX: Indian benchmark indices ended at record closing highs on Thursday Sensex and Nifty surged over 1.6 percent each. Both the benchmarks crossed significant levels in intra-day deals today. Sensex almost hit the 75,500 mark while Nifty crossed the 22,900 mark.
0 Comments