Anand Rathi's research report on PVR Inox: With revenue down 18.7% q/q to Rs12.56bn, PVR Inox’s Q4 was weak largely due to lack of strong movie releases, which resulted in fewer footfalls at theatres. EBITDA was Rs12m, with a 0.1% margin (preIndAS). The general elections have dented new releases in Q1 FY25, and the situation is likely to stabilise by mid-Jun.
Open FlipICICI Securitie's research report on Abott India: Abbott India’s (Abbott) Q4FY24 revenue growth of 7% was slightly below expectation of 9%; however, its 9.4% growth in FY24 was still ahead of industry growth of 8%. Sequential drop of 197/407bps in gross/EBITDA margin was on account of higher third-party sourcing and higher overhead cost.
Open FlipLarsen & Toubro on Thursday said its wholly-owned arm L&T Valves Ltd has set up a new manufacturing unit in Saudi Arabia.The facility is strategically located at Al Jubail, off the Dammam-Abu Hadriyah Highway.L&T Valves is one of the largest suppliers of on-off valves to Saudi Arabia, the company said in a statement.
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