DMart retail chain operator Avenue Supermarts share fell by 4.7 per cent on Monday after the company’s basis-point decline in the March quarter operating margins on 13 May 2023. The company’s margin fell from 8.4 per cent in the same period last year to 7.3 per cent this year. Its EBITDA growth also stood relatively […]
Dr Lal PathLabs recorded a decline of 7.5 per cent, reporting a net profit of Rs 56.7 crore in the quarter ended in March 2023, compared to Rs 61.3 crore in the same quarter last year. In the fourth quarter of the fiscal year 2022-23, the company’s operating revenue saw a slight increase of 1.1 […]
India’s Godrej Agrovet reported a 74.6 per cent fall in quarterly profit on Tuesday, hurt by higher costs and weakness in its vegetable oil and crop protection business. Consolidated net profit at the company, which competes with Venky’s (India) and Kaveri Seed among others, fell to Rs 31020 crore in the seasonally weak fourth quarter […]
Indian lead-acid battery maker Exide Industries reported a lower-than-expected quarterly profit on Monday, hurt by higher raw material costs. Exide’s net profit after tax was at Rs 208 crore for the quarter that ended 31 March, while analysts on average expected a gain of Rs 252 crore, according to Refinitiv IBES data. The company’s Rs […]
Indian bread and biscuits maker Britannia Industries on Friday reported a bigger-than-expected 47 per cent jump in quarterly profit as strong demand and past price hikes helped expand margins. Consumer goods companies globally hiked prices of products or reduced quantities to offset cost inflation and protect their earnings margins. Britannia, which sells the Marie Gold […]
Marico home to popular brands Parachute and Saffola, reported a more than 20 per cent jump in quarterly profit, helped by a recovery in rural demand and easing inflation. Marico’s consolidated net profit stood at Rs 302 crore for the three months ended 31 March, compared with Rs 251 crore a year earlier. Consumer goods […]
Indian logistics services provider Blue Dart Express reported a drop in profit for the second quarter in a row on Friday on continued pressure from higher expenses. The Deutsche Post-controlled company’s consolidated net profit fell over 49 per cent to Rs 69440 crore in the fourth quarter. Blue Dart’s revenue rose over 4 per cent […]
Demand for gold is expected to be muted in 2023 even as the economic momentum remains healthy and the RBI repo rate hike cycle has paused after a prolonged monetary policy tightening, according to World Gold Council. The outlook for gold purchases is highly dependent on rupee prices, which show no sign of abating, and […]
The mid-sized company, Ajanta Pharma ended today’s trading session with a market value of 16,201.44 crore. It is a specialised pharmaceutical company that provides top-notch medicines in more than 30 different countries throughout the world. Ajanta Pharma said that its net profit stood at Rs 122 crore during Q4FY23 down by 14 per cent YoY […]
Piramal Enterprises, a leading diversified NBFC announced its consolidated results for the fourth quarter (Q4) and Annual FY2023 that ended 31 March 2023. The company reported Profit After Tax (PAT) 1 for FY23 grew 5 per cent YoY to Rs 1,902 crore and the total assets under management (AUM) stood at Rs 63,989 crore, whereas, […]
