Crompton Greaves Consumer Electricals, one of the leading consumer companies in India, saw its shares surge by 15% during early morning trading today, reaching a 20-month high of ₹390.40 per share. This increase followed the company's impressive performance in the March quarter, surpassing street estimates, largely due to heightened demand for its fans and air coolers.
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Reported Standalone quarterly numbers for Dynavision are:Net Sales at Rs 2.19 crore in March 2024 up 13.24% from Rs. 1.93 crore in March 2023. Quarterly Net Profit at Rs. 1.64 crore in March 2024 up 50.25% from Rs. 1.09 crore in March 2023. EBITDA stands at Rs. 2.11 crore in March 2024 up 32.7% from Rs. 1.59 crore in March 2023. Dynavision EPS has increased to Rs. 4.26 in March 2024.
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Logistics and supply chain management company Transport Corporation of India (TCI) plans to acquire two cargo ships worth $35-40 million in the current fiscal to bolster its seaways business. TCI is exploring options from shipbuilding operations in China, Japan, and Korea, expecting to finalize a deal in the second half of the fiscal year.
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