Thu, Mar 2, 2023 11:09 AM
LIC shares rises from a record low; Do you want to invest?
A Flip by Bhavya Sabharwal
Reported Consolidated quarterly numbers for Usha Martin are:Net Sales at Rs 829.03 crore in March 2024 down 3.06% from Rs. 855.22 crore in March 2023.Quarterly Net Profit at Rs. 106.26 crore in March 2024 up 0.99% from Rs. 105.21 crore in March 2023.EBITDA stands at Rs. 161.00 crore in March 2024 down 2.6% from Rs. 165.30 crore in March 2023.
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Nuvoco Vistas (NUVOCO) reported strong operating performance in 4Q, led by sharp 34% QoQ volume growth. EBITDA per ton of Rs918 was higher than PLe of Rs875/t led by lower P&F and other expenses. The stock is trading at EV of 8.5x/7.1x FY25E/FY26E EBITDA. Maintain ‘Accumulate’ with revised TP of Rs384 (earlier Rs376) valuing at 8x EV of Mar’26E EBITDA.
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Jayaswal Neco Industries Q4 Results: Jayaswal Neco Industries declared their Q4 results on 30 Apr, 2024. The topline decreased by 3.94% & the profit decreased by 60.99% YoY. As compared to the previous quarter the revenue declined by 9.3% and the profit decreased by 97.71%. The Selling, general & administrative expenses declined by 17.01% q-o-q & increased by 19.61% Y-o-Y.
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