Fri, Sep 29, 2023 10:06 AM
IGB inclusion in JPMorgan Index to enhance FPI participation in markets
A Flip by Shubhangi Gupta
KR Choksey's research report on Granules India. Granules' Q4FY24 performance fell short of our expectations by 15.2%/10.6%/23.0%/36.2% on Revenue, Gross Profits, EBITDA and Net Income fronts, majorly due to far higher fall in APIs and PFI sales and stronger performance in FDFs than anticipated Hence, we cut down our EPS estimates by 16.0% and 8.0%, for FY25E/FY26E,respectively.
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In a strategic move to stem losses and return to profitability, Siemens Energy AG is putting its India wind turbine business, part of its subsidiary Siemens Gamesa Renewable Energy, up for sale. According to Mint citing people aware of the matter, the Indian unit, which generates annual revenues of $700 million, is valued at $1 billion. Barclays has been appointed to manage the sale.
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Poly Medicure Q4 Results Live : Poly Medicure, the medical equipment company, announced their Q4 results on 17 May, 2024. The company reported a 23.21% increase in revenue and a 16.23% rise in profit year-over-year.In comparison to the previous quarter, Poly Medicure witnessed a growth of 11.33% in revenue and a 5.14% increase in profit.
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