Mumbai-based developer Godrej Properties is hoping to build on the record sales it saw in FY24 and is confident that a strong housing demand in major metro markets could help meet the booking guidance for this year.Shares of Godrej Properties hit record high on May 6 on strong buying interest following robust Q4 results and strong sales trends.
Open Flip
Shares of Birla Corporation gained almost eight percent in trade on May 6, following a 128 percent surge in net profit for the quarter ended March 31, 2024. Birla Corporation posted a consolidated net profit of Rs 193.34 crore in Q4FY24, up 127.6% on-year from Rs 84.95 crore in the same quarter year-ago period. Additionally, the total revenue jumped 8% to Rs 2,463 crore.
Open Flip
Motilal Oswal's research report on MRFMRF’s 4QFY24 result was weak as higher RM costs and operating expenses led to lower adjusted EBITDA margin of 16.2% (-100bp QoQ vs. est. 17%). A provision of INR463.6m, which was made in FY23, was recognized in 4Q along with the additional provision of INR981.4m for FY24 to cover EPR costs.
Open Flip
