In January-March, the profit-by-quarter-spectacle increased by Rs 4,711.4 crore to Rs 22.6% to Rs 5,778 crore. It was estimated at Rs 5,810 crore. Income also stood at Rs 43,903.7 crore as against Rs 41,368 crore. It was estimated at Rs 46,562 crore. EBITDA stood at Rs 11,255 crore as against Rs 11,977 crore. It was estimated at Rs 13,318 crore. The margin was 25.6% against 28.9%. It was estimated at 28.6%.
The net profit of the fourth quarter of JK Cement increased by 77% to Rs 417.3 crore in the March quarter, which was Rs 236 crore in the same quarter last year. Income increased from Rs 2,939 crore to Rs 13.7% to Rs 3,343 crore. EBITDA increased from Rs 547.5 crore to Rs 34.5% to Rs 736.6 crore. The margin was 22.03% against 18.63%.
Paytm: The Supreme Court has banned the show cause notice of GST of Rs 5,712 crore received by the company’s gaming unit First Games.
Bharti Airtel: The Supreme Court has rejected the petition of unit Bharti Telemedia. There is a case related to entertainment tax of Rs 585 crore on the company’s DTH services, in which the company has already paid Rs 575 crore.
MSCI and FTSE have decided to reduce the weight in the index after the eternal foreign ownership limit was reduced from 100% to 49.5%. A reduction in Ftse’s weight on May 27 is possible to outfits a $ 380 million, and on May 30, a decrease in MSCI’s weight is possible to outflow $ 460 million. These estimates are from IIFL Capital.
Sun Pharma: The company will acquire a 22.7% stake in the US power for $ 25 million.
Zidas Life: Isotratinoin capsules have received final approval from the American FDA.
GNFC Q4: The benefit of March quarter increased by Rs 127 crore to 65.4% to Rs 210 crore. Income declined by 2.6% to Rs 2,055 crore from Rs 2,110 crore. EBITDA also increased from Rs 145 crore to Rs 65.5% to Rs 240 crore. While the margin was 11.7% against 6.9%.
Havells India: Cable will invest Rs 340 crore for expansion in Alwar. After this, the cable capacity of the Alwar plant will increase to 41.45 lakh kilometers.
Ashoka Buildcon’s fourth quarter profit rose from Rs 249.6 crore to Rs 432.2 crore on an annual basis. The income declined by 11.7% to Rs 2,694.4 crore from Rs 3,052 crore. At the same time, EBITDA increased from Rs 635.4 crore to 22.3% to Rs 777.2 crore. The margin was 28.9% against 20.8%.
Lux Industries: In the March quarter, the profit declined by Rs 55.5 crore to Rs 13.5% to Rs 48 crore. Income increased by 5.6% to Rs 704 crore to Rs 814 crore. EBITDA increased by Rs 71.8 crore to 1.4% to Rs 72.8 crore and the margin declined from 10.2% to 8.9%.
Finolex Q4: Revenue in March quarter declined by Rs 1,235.4 crore to Rs 5% to Rs 1,171.8 crore. The profit remained stable at Rs 165 crore. EBITDA stood at Rs 209 crore as against Rs 171.3 crore. The margin was 14.62% against 16.9%.
HBL Engineering Q4: In the March quarter, the net profit declined by Rs 70.6 crore to Rs 23.3% to Rs 51.3 crore. Income declined by 24% to Rs 459.8 crore from Rs 604.3 crore. EBITDA declined by Rs 40.7% to Rs 78 crore from Rs 131.4 crore. The margin was 16.94% against 21.74%.
