Indian IT stocks faced a downturn in today's trading session due to higher-than-anticipated US consumer inflation data released yesterday, raising concerns about the Federal Reserve's ability to implement multiple rate cuts this year, which had been a crucial aspect of the bullish sentiment in the equity market. According to media reports, while the annual inflation rate in the US decreased.

Reported Standalone quarterly numbers for Krishana Phoschem are: Net Sales at Rs 230.24 crore in December 2023 up 395.02% from Rs. 46.51 crore in December 2022. Quarterly Net Profit at Rs. 3.70 crore in December 2023 down 20.11% from Rs. 4.64 crore in December 2022. EBITDA stands at Rs. 23.85 crore in December 2023 up 162.09% from Rs. 9.10 crore in December 2022.

Reported Standalone quarterly numbers for Shree Pushkar Chemicals and Fertilisers are: Net Sales at Rs 131.71 crore in December 2023 up 33.57% from Rs. 98.61 crore in December 2022. Quarterly Net Profit at Rs. 6.24 crore in December 2023 up 169.48% from Rs. 2.31 crore in December 2022. EBITDA stands at Rs. 12.97 crore in December 2023 up 14.68% from Rs. 11.31 crore in December 2022.

Airtel's data center arm Nxtra has signed deals with Ampln and Amplus Energy to increase its renewable energy supply by 140,208 MWh. This will result in a 70% share of renewable energy in Nxtra's overall energy mix for its data centers. The 25-year agreements align with Nxtra's goal of achieving net-zero emissions by 2031 and further solidify position as India's largest green data center chain.

Hindalco Industries Ltd share price gained more than 1% in morning trades on Wednesday, however was trading the red thereafter. Hindalco share price had seen sharp correction of more than 12% on Tuesday.Hindalco had posted its December quarter performance on Tuesday. Hindalco's consolidated net profit at ₹2,331 crore, rose 71% YoY. The consolidated earnings before interest tax depreciation.

Shares of Indian Renewable Energy Development Agency (IREDA) recovered early losses and were locked in a 5 percent upper circuit at Rs 170.25 following a large deal in the counter on February 14. Around 2 crore shares of IREDA, representing a 0.9 percent stake in the company, changed hands in a deal worth Rs 389.80 crore. The transaction was done at a floor price of Rs 160 apiece.

Reported Standalone quarterly numbers for Magnus Plastics are: Net Sales at Rs 6.73 crore in December 2023 up 171.93% from Rs. 2.47 crore in December 2022. Quarterly Net Profit at Rs. 1.42 crore in December 2023 up 549.79% from Rs. 0.32 crore in December 2022. EBITDA stands at Rs. 1.81 crore in December 2023 up 703.33% from Rs. 0.30 crore in December 2022.

Reported Standalone quarterly numbers for Maharashtra Corporation are: Net Sales at Rs 0.55 crore in December 2023 up 10% from Rs. 0.50 crore in December 2022. Quarterly Net Profit at Rs. 0.49 crore in December 2023 up 8.54% from Rs. 0.45 crore in December 2022. EBITDA stands at Rs. 0.52 crore in December 2023 up 15.56% from Rs. 0.45 crore in December 2022.

Reported Standalone quarterly numbers for Add-Shop Promotions are: Net Sales at Rs 56.99 crore in December 2023 up 8.06% from Rs. 52.74 crore in December 2022. Quarterly Net Profit at Rs. 2.52 crore in December 2023 down 46.38% from Rs. 4.71 crore in December 2022. EBITDA stands at Rs. 4.41 crore in December 2023 down 23.7% from Rs. 5.78 crore in December 2022. Add-Shop Promot EPS has decreased.

Reported Standalone quarterly numbers for Kranti Industries are: Net Sales at Rs 19.14 crore in December 2023 down 9.77% from Rs. 21.21 crore in December 2022. Quarterly Net Loss at Rs. 0.39 crore in December 2023 down 196.21% from Rs. 0.41 crore in December 2022. EBITDA stands at Rs. 2.00 crore in December 2023 up 1.01% from Rs. 1.98 crore in December 2022.

Reported Consolidated quarterly numbers for Toheal Pharma are: Net Sales at Rs 0.05 crore in December 2023 up 114.22% from Rs. 0.02 crore in December 2022. Quarterly Net Profit at Rs. 0.02 crore in December 2023 up 374% from Rs. 0.01 crore in December 2022. EBITDA stands at Rs. 0.02 crore in December 2023 up 100% from Rs. 0.01 crore in December 2022.

Reported Standalone quarterly numbers for Garware Synthetics are: Net Sales at Rs 2.72 crore in December 2023 down 0.81% from Rs. 2.74 crore in December 2022. Quarterly Net Profit at Rs. 0.03 crore in December 2023 up 230.19% from Rs. 0.03 crore in December 2022. EBITDA stands at Rs. 0.18 crore in December 2023 down 0% from Rs. 0.18 crore in December 2022.

Reported Standalone quarterly numbers for ANI Integrated Services are: Net Sales at Rs 44.61 crore in December 2023 up 11.69% from Rs. 39.94 crore in December 2022. Quarterly Net Profit at Rs. 1.31 crore in December 2023 up 158.88% from Rs. 0.51 crore in December 2022. EBITDA stands at Rs. 2.52 crore in December 2023 up 236% from Rs. 0.75 crore in December 2022.

Reported Standalone quarterly numbers for Nitin Castings are: Net Sales at Rs 33.71 crore in December 2023 down 3.51% from Rs. 34.94 crore in December 2022. Quarterly Net Profit at Rs. 3.00 crore in December 2023 up 24.94% from Rs. 2.40 crore in December 2022. EBITDA stands at Rs. 4.33 crore in December 2023 up 16.71% from Rs. 3.71 crore in December 2022.

Reported Standalone quarterly numbers for Dynamic Industries are: Net Sales at Rs 8.85 crore in December 2023 down 22.6% from Rs. 11.44 crore in December 2022. Quarterly Net Loss at Rs. 0.06 crore in December 2023 down 124% from Rs. 0.24 crore in December 2022. EBITDA stands at Rs. 0.21 crore in December 2023 down 67.69% from Rs. 0.65 crore in December 2022. Dynamic Ind shares closed at 70.50.