Corporate Financial Highlights
Cemindia Projects Reports Significant Growth
Cemindia Projects has announced a net profit of ₹242 crore for Q4, compared to ₹113 crore in the same period last year, representing substantial year-on-year growth. The company recorded revenues of ₹2,973 crore, up from ₹2,532 crore year-on-year.
Navin Fluorine International Sees Profit Increase
Navin Fluorine International reported a consolidated net profit of ₹212 crore for Q4, significantly higher than ₹95 crore a year earlier. Revenue for the quarter reached ₹940 crore, an increase from ₹700 crore year-on-year.
Schaeffler India Sees Revenue and Profit Rise
Schaeffler India recorded a consolidated net profit of ₹316 crore for Q4, compared to ₹252 crore in the previous year. The company’s revenues rose to ₹2,586 crore, up from ₹2,200 crore year-on-year.
Mas Financial Services Experiences Net Profit Increase
Mas Financial Services reported a consolidated net profit of ₹103 crore for Q4, an increase from ₹82.5 crore a year ago. The company achieved revenues of ₹540 crore, rising from ₹440 crore year-on-year.
Indiabulls Rebounds to Profit
Indiabulls reported a net profit of ₹194 crore for Q4, experiencing a turnaround from a loss of ₹164 crore in the same period last year. The company’s revenue reached ₹408 crore, compared to ₹100 crore a year earlier.
IIFL Finance Shows Strong Growth
IIFL Finance posted a net profit of ₹590 crore for Q4, up from ₹210 crore year-on-year. Revenues totaled ₹3,692 crore, rising from ₹2,590 crore. The Gross Non-Performing Asset (GNPA) ratio improved to 1.46%, down from 1.60% quarter-on-quarter.
Norges Bank Acquires Shares in Emcure Pharma
The Norges Bank has acquired 180,000 shares in Emcure Pharma, indicating investor confidence in the company.
Indian Hume Pipe Receives Work Order
Indian Hume Pipe Company Ltd has secured a work order worth ₹458.69 crore from the Government of Telangana for a water supply improvement scheme.
Veerhealth Care Secures Export Order
Veerhealth Care has received a repeat export order valued at $151,200, demonstrating continued demand for its products.
Manali Petrochemicals Expands Manufacturing Capacity
Manali Petrochemicals’ step-down subsidiary, Pennwhite India, has inaugurated a new manufacturing facility in Chennai.
Panorama Studios Acquires Film Rights
Panorama Studios announced the acquisition of airborne rights for several upcoming films, including
Baaghi 4, Housefull 5, Sikandar, and O Romeo.
Brigade Enterprises Forms Joint Venture
Brigade Enterprises has established a 50:50 joint venture with Bain Capital to develop a project in Bengaluru, slated to span 2 million square feet with an investment of ₹2,200 crore.
Chambal Fertilisers to Commence New Production
Chambal Fertilisers announced that it will begin production of weak nitric acid (WNA) and ammonium nitrate solution on May 15.
Puravankara Secures Civil Works Contract
Puravankara’s arm has received a Letter of Intent worth ₹144 crore for civil works in Bengaluru.
Time Technoplast Gains Approval for Product Manufacturing
Time Technoplast has received approval from PESO to manufacture 250-litre hydrogen cylinders for use in buses and carriers.
SG Finserve Reports Share Purchase
S Gupta Holding has purchased 375,000 shares in SG Finserve at ₹564.15 per share.
ACME Solar Expands BESS Capacity
ACME Solar’s arm has commissioned an additional 35.714 MW of Battery Energy Storage System (BESS) capacity in Rajasthan.
EPACK Prefab Begins Commercial Production
EPACK Prefab has commenced commercial production at its manufacturing plant in Mambattu, Andhra Pradesh, effective April 29.
Ravindra Energy Reports Flat Profits
Ravindra Energy’s consolidated net profit declined slightly to ₹12.60 crore from ₹12.90 crore year-on-year, while revenue dropped to ₹138 crore from ₹160 crore.
Motilal Oswal Financial Services Posts Increased Loss
Motilal Oswal Financial Services reported a net loss of ₹220 crore, compared to a loss of ₹64.8 crore a year earlier. Revenue increased to ₹2,670 crore from ₹1,190 crore.
Force Motors Reports Decline in Profit
Force Motors recorded a net profit of ₹279 crore for Q4, down from ₹435 crore, with revenue increasing to ₹2,550 crore from ₹2,360 crore year-on-year.
Accelya Solution and Syngene Experience Profit Declines
Accelya Solution posted a net profit of ₹21.30 crore, down from ₹30.20 crore, as revenue remained steady at ₹136 crore. Syngene’s net profit fell to ₹147.9 crore from ₹183.0 crore, with a revenue increase to ₹1,036 crore from ₹1,018 crore.
MOIL and RPG Life Report Declines
MOIL saw a net profit drop to ₹93.0 crore from ₹115.0 crore, while RPG Life reported a decline in profit to ₹30.0 crore from ₹117.0 crore, with corresponding revenue rises.
Indegene and Jana Small Finance Bank Show Mixed Results
Indegene reported a net profit of ₹80.0 crore down from ₹118.0 crore, while Jana Small Finance Bank’s net profit increased to ₹140 crore from ₹120 crore.
Bajaj Finance Achieves Profit Growth
Bajaj Finance saw a consolidated net profit rise to ₹5,464 crore for Q4, up from ₹4,480 crore, with revenues increasing to ₹19,170 crore from ₹16,360 crore.
Gujarat Gas Changes Name
Gujarat Gas’ board has approved a name change to “Gujarat Energy Ltd.”
Larsen & Toubro Completes Metro Stake Sale
Larsen & Toubro has sold its 100% stake in Hyderabad Metro for ₹1,461.47 crore.
Vedanta to Begin Trading of Newly Listed Companies
An executive from Vedanta announced that trading for newly listed companies post-demerger will begin in mid-June.
Various Companies Announce Dividend and Corporate Actions
Multiple companies including ABB India, Hindustan Zinc, Stovec Industries, Tanla Platforms, and Vesuvius India have announced dividend declarations or corporate actions, with ex-dates set for today.
HEG, NDTV, and Others Report Losses
HEG reported a net loss of ₹118.8 crore compared to ₹68.8 crore, with revenues of ₹603 crore. NDTV’s net loss increased to ₹98 crore, up from ₹60 crore. Fino PB reported a decrease in net profit to ₹7.0 crore from ₹24 crore, reflecting a significant drop in pre-provisioning operating profit.
Systematix Reports Losses and Revenue Drop
Systematix recorded a net loss of ₹11.8 crore compared to a profit of ₹3.3 crore, with revenues falling to ₹24 crore from ₹33 crore year-on-year.
Zuari Agro Chemicals Faces Legal Notice
Zuari Agro Chemicals received a notice from the Goa water authority amounting to ₹296 crore, indicating potential legal challenges for the company.
