KCP reported its standalone quarterly results for December 2023 with a net profit of Rs. 18.43 crore, an increase of 336.41% from the same period in 2022. Net sales also rose by 7.18%, reaching Rs. 420.78 crore. EBITDA saw a significant jump of 158.47%, reaching Rs. 51.59 crore. The EPS also increased to Rs. 1.43.

In the December 2023 quarter, Sri Lakshmi Saraswathi Textiles (Arni) reported a decline in net sales and a increase in net loss compared to the same quarter in 2022. EBITDA was also negative. The company's shares closed at 42.68 on February 08, 2024, with a 7.29% return over the last 6 months and 12.17% over the last 12 months.

Medi-Caps reported standalone quarterly results for December 2023, showing significant growth compared to the same period in 2022. Net sales increased by 23895.28%, net profit rose by 1300.93%, and EBITDA grew by 2825%. The company's EPS also showed impressive growth. The stock closed at 54.51 on February 8, 2024, with a 31.16% return over the last 6 months.

Shares of Torrent Power, a Gujarat-based company, fell 2% on the NSE due to a 47% decline in Q3FY24 profit. The company reported a consolidated net profit of Rs 359.8 crore, impacted by lower revenue and higher fuel costs. The board has approved an interim dividend of Rs 12 per share and the company plans to invest Rs 47,000 crore in renewables and electricity distribution in Gujarat.

Reported Standalone quarterly numbers for Rajputana Investment and Finance are: Net Sales at Rs 0.78 crore in December 2023 up 120.07% from Rs. 0.36 crore in December 2022. Quarterly Net Profit at Rs. 0.17 crore in December 2023 up 185.28% from Rs. 0.06 crore in December 2022. EBITDA stands at Rs. 0.23 crore in December 2023 up 283.33% from Rs. 0.06 crore in December 2022.

Reported Standalone quarterly numbers for Indo-National are: Net Sales at Rs 121.53 crore in December 2023 up 10.56% from Rs. 109.93 crore in December 2022. Quarterly Net Profit at Rs. 1.88 crore in December 2023 up 140.37% from Rs. 0.78 crore in December 2022. EBITDA stands at Rs. 5.53 crore in December 2023 up 4.73% from Rs. 5.28 crore in December 2022.

Jana Small Finance Bank's IPO of Rs 570 crore was oversubscribed by 6.63 times on February 9, with non-institutional investors leading the way. The retail investor portion was subscribed 3.94 times. Employees acquired 1.50 times their assigned shares. The IPO includes a fresh issuance of shares worth Rs 462 crore and an offer-for-sale (OFS) of 26,08,629 shares valued at Rs 108 crore.

B&A Packaging India's standalone quarterly results for December 2023 showed an increase in net sales by 9.69% and a decrease in net profit by 1.65% compared to the same period in 2022. EBITDA also decreased by 7.22%, resulting in a decrease in EPS from Rs. 4.00 to Rs. 3.93. The company's shares saw a 30.11% return over the last 6 months.

Reported Standalone quarterly numbers for Sah Polymers are: Net Sales at Rs 25.32 crore in December 2023 up 48.96% from Rs. 17.00 crore in December 2022. Quarterly Net Profit at Rs. 0.05 crore in December 2023 down 94.12% from Rs. 0.79 crore in December 2022. EBITDA stands at Rs. 1.46 crore in December 2023 down 20.22% from Rs. 1.83 crore in December 2022.

On Friday, the commerce and industry ministry announced that five infrastructure projects involving roads and railways have been recommended for approval under PM GatiShakti. These projects were evaluated in a meeting of the 65th Network Planning Group (NPG), with a focus on integrated planning and mapping to the PM GatiShakti National Master Plan.

Sebi has fined 5 entities on the guest panel of Zee Business news channel and 10 others for fraudulent and unfair acts in the securities market. These entities have also been restrained from trading and must close out any current positions within 3 months. Sebi found that these entities made unlawful trades based on recommendations given by guest experts on the news channel.

Emami, a consumer products company, reported a 11.8% increase in net profit and a 1.38% rise in total revenue for the December quarter of FY24. Their EBIDTA grew by 7% and margins increased by 170 basis points. While their domestic business saw stagnant growth, their international business experienced an 11% growth. The company launched new products and expects future growth.

State-owned banks, Bank of Baroda and Canara Bank, are planning to issue bonds worth Rs 4,500 crore. Canara Bank will raise up to Rs 2,000 crore through Additional Tier-I bonds, while Bank of Baroda plans to raise Rs 2,500 crore via Tier-II bonds. The bidding for the bonds will take place in February, with a minimum application size of Rs 1 crore.

Muddy Waters, a forensic investment firm, reported accounting manipulations by Quess Corp's promoter, Fairfax Financial Holdings. They allege that Fairfax used Quess as an "accounting lever" to create inflated profits and book value. Muddy Waters estimates that Fairfax could have actually faced a loss of around $205 million in Q1 2018.

The Union Cabinet approves auctions in 8 spectrum bands for mobile phone services with a base price of Rs 96,317.65 crore. Spectrum held by companies under insolvency will also be auctioned. Existing providers can use spectrum by paying interim prices. The cabinet also approves additional allocation for transport systems and sets up a committee to re-farm certain spectrum bands.