Thu, May 9, 2024 8:24 PM
Tiger Global-backed Groww moves domicile from US to India
A Flip by Avya Verma
Titagarh Rail Systems Ltd (Formerly Titagarh Wagons Limited) announced stellar Quarterly Results (Q4FY24) and annual results (FY24). The stock gave multibagger returns of 290 per cent in just 1 year and a whopping 2,500 per cent returns in 3 years. In its annual results, the net sales increased by 38.6 per cent to Rs 3,853.30 crore, operating profit increased by 60.7 per cent to Rs 491.74 crore.
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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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