Thu, May 9, 2024 5:03 PM
Fed's communications style scores well with analysts but not public
A Flip by Shubhangi Gupta
In a bid to expand the business, Godrej Properties acquired 10 land parcels, of which eight were outright, last financial year to build housing projects worth over Rs 21,000 crore and has set a target for this fiscal to buy more parcels that can generate sales bookings of Rs 20,000 crore. In its investors presentation, Godrej Properties informed that it ”added 10 new projects with better profits.
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Prabhudas Lilladher's research report on Endurance Technologies. Endurance Technologies consolidated revenue for Q4FY24 grew by 20.2% YoY, in-line with PLe/BBGe estimates which was led by strong growth across all product verticals. EBITDA grew by significantly by 36.4% YoY while margin expanded by ~170bps YoY to 14.5% (PLe: 12.3%; BBGe: 12.5%), owing to better operating leverage as a result.
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Prabhudas Lilladher's research report on Vinati Organics. Vinita Organics (VO IN) reported a topline of Rs 5.5bn, marking a 23% QoQ growth driven by increased volumes, particularly in ATBS, which contributes 32% to the company’s revenue. With destocking now taking a back seat, volumes are expected to rise in FY25. Additionally, the company commenced production of MEHQ and Guaiacol in March 2024.
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