Axis Bank is open to collaborating with Paytm, if permitted by the Reserve Bank of India. They are currently in discussions for general business services, but not specifically for any business. The bank believes that Paytm is an important player and they will work with them if given approval by the regulator.
Open FlipFredun Pharmaceuticals received Rs 28 crore in orders from Southeast Asian countries, showcasing its growth and potential. The company is also developing new molecules for pet and veterinary care. Despite a 2% decrease in stock price due to market trends, pharmaceutical stocks are performing well, with Zydus Life announcing good results and a buyback of shares worth Rs 600 crore.
Open FlipThis move is aimed at helping homebuyers who have been facing long delays in getting possession of their homes. In a major initiative towards resolving the housing crisis in Greater Noida, the GNIDA has announced a rehabilitation package for developers of over 6,500 stuck projects. This move is expected to benefit nearly 30 real estate companies as they can now register their apartments.
Open FlipBharat Forge Ltd, a Pune based forging firm, saw a surge of 220% in consolidated net profit in the December quarter of 2023 due to higher revenues. The defence business boosted revenues, while the Oil & Gas and Agri sectors declined. The company declared an interim dividend of Rs 2.5 per share and approved raising funds of Rs 500 crore. Exports from Indian operations grew by 36%.
Open FlipTata Motors has partnered with the Leadership Group for Industry Transition, a global alliance focused on accelerating the transition towards net-zero emissions. This membership will allow the company to learn and share best practices, influence policy-making, and work with other members to strengthen climate action plans. Their commitment to achieving net-zero emissions in their PV and CV.
Open FlipAmarjothi Spinning Mills reported a standalone net sales of Rs. 34.29 crore in December 2023, showing an increase of 5.31% from Rs. 32.56 crore in December 2022. Net profit also saw a significant increase of 87.12% to Rs. 2.50 crore from Rs. 1.33 crore during the same period. The EBITDA for December 2023 stood.
Open FlipEureka Industries reported a 112.36% increase in net sales of Rs. 6.63 crore in Dec 2023 compared to the previous year. However, they also experienced a significant loss, with a decrease of 1015.29% in net profits and negative EBITDA of Rs. 2.02 crore. Despite this, their shares closed at 5.12 on Feb 09, 2024 (BSE) with a return of 29.
Open FlipIn the December 2023 quarter, Dhanlaxmi Roto Sp reported a decrease in net sales to Rs. 49.54 crore compared to the same period in 2022. However, there was a significant increase in net profit, EBITDA, and EPS. The company's stock also performed well, with a 89.71% return over the past 6 months and 171.26% over the past 12 months.
Open FlipReported Standalone quarterly numbers for Gini Silk Mills are:Net Sales at Rs 10.50 crore in December 2023 down 2.55% from Rs. 10.77 crore in December 2022.Quarterly Net Profit at Rs. 0.60 crore in December 2023 up 288.6% from Rs. 0.16 crore in December 2022.EBITDA stands at Rs. 1.38 crore in December 2023 up 100% from Rs. 0.69 crore in December 2022.Gini Silk Mills EPS has increased.
Open FlipReported Standalone quarterly numbers for Nahar Poly Films are: Net Sales at Rs 153.62 crore in December 2023 down 3.77% from Rs. 159.64 crore in December 2022. Quarterly Net Loss at Rs. 8.95 crore in December 2023 down 959.5% from Rs. 0.84 crore in December 2022. EBITDA stands at Rs. 1.73 crore in December 2023 down 85.93% from Rs. 12.30 crore in December 2022. Nahar Poly Film shares closed.
Open FlipReported Standalone quarterly numbers for Anjani Synthetics are:Net Sales at Rs 59.66 crore in December 2023 up 35.62% from Rs. 43.99 crore in December 2022.Quarterly Net Profit at Rs. 0.95 crore in December 2023 up 118.75% from Rs. 0.43 crore in December 2022.EBITDA stands at Rs. 3.04 crore in December 2023 up 32.17% from Rs. 2.30 crore in December 2022.Anjani Synth EPS has increased.
Open FlipReported Standalone quarterly numbers for Santosh Fine-Fab are:Net Sales at Rs 4.13 crore in December 2023 up 8.57% from Rs. 3.80 crore in December 2022.Quarterly Net Loss at Rs. 0.04 crore in December 2023 down 224.11% from Rs. 0.03 crore in December 2022.EBITDA stands at Rs. 0.13 crore in December 2023 down 38.1% from Rs. 0.21 crore in December 2022.Santosh Fine-Fa shares closed at 40.54 on Feb.
Open FlipReported Standalone quarterly numbers for Premco Global are:Net Sales at Rs 15.14 crore in December 2023 down 25.47% from Rs. 20.32 crore in December 2022.Quarterly Net Profit at Rs. 1.26 crore in December 2023 down 61.18% from Rs. 3.25 crore in December 2022.EBITDA stands at Rs. 2.23 crore in December 2023 down 54.21% from Rs. 4.87 crore in December 2022.Premco Global EPS has decreased.
Open FlipReported Standalone quarterly numbers for VIDLI Restaurants are:Net Sales at Rs 4.46 crore in December 2023 up 3.88% from Rs. 4.29 crore in December 2022.Quarterly Net Profit at Rs. 0.21 crore in December 2023 up 88.33% from Rs. 0.11 crore in December 2022.EBITDA stands at Rs. 0.54 crore in December 2023 up 237.5% from Rs. 0.16 crore in December 2022.VIDLI Rest. EPS has increased to Rs. 0.19 in De
Open FlipReported Standalone quarterly numbers for RSWM are: Net Sales at Rs 977.32 crore in December 2023 up 14.3% from Rs. 855.05 crore in December 2022. Quarterly Net Loss at Rs. 32.11 crore in December 2023 down 129.52% from Rs. 13.99 crore in December 2022. EBITDA stands at Rs. 22.40 crore in December 2023 down 20.88% from Rs. 28.31 crore in December 2022. RSWM shares closed at 219.00 on Feb 09 2024.
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