Fri, Apr 26, 2024 5:34 PM
HUDCO shares surge 14% to record high; Stock set for best week in 3 months
A Flip by Shubhangi Gupta
Reported Consolidated quarterly numbers for Adani Wilmar are: Net Sales at Rs 13,238.04 crore in March 2024 down 4.57% from Rs. 13,872.64 crore in March 2023. Quarterly Net Profit at Rs. 156.75 crore in March 2024 up 67.45% from Rs. 93.61 crore in March 2023. EBITDA stands at Rs. 461.22 crore in March 2024 up 6.97% from Rs. 431.15 crore in March 2023.
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Emkay Global Financial's research report on UGRO CapitalWith the recent capital raise of Rs13.3bn (Rs2.75bn of CCD and Rs10.58bn of Warrants) and acquisition of embedded lending Fintech (“MyShubhLife”), Ugro Capital is well capitalized and powered for the next leg of growth from Rs90bn to Rs200bn of AUM, with RoA improving to 4.3% from 2.3% over FY24-27E.
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Emkay Global Financial's research report on Blue Dart Express. BDE reported a strong quarter as consolidated sales grew 9% YoY and EBITDA margins expanded 70bps YoY, on the back of higher utilization of new aircrafts and general price increase undertaken in Q4. With Guwahati going live in Jan24, the management expects further ramp-up in volumes, utilization, and profitability.
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