BSNL has issued a tender worth Rs 65,000 crore to implement the third phase of BharatNet project, aiming to connect 164,000 existing and 47,000 new gram panchayats. The tender will provide opportunities for both domestic and foreign telecom equipment companies, with BSNL expecting to provide 15 million FTTH connections in five years.
Open FlipPolychem reported positive financial results for the quarter ending December 2023, with net sales increasing by 7.13% and net profit rising by 12.49%. EBITDA also showed a 5.12% increase and earnings per share (EPS) grew to Rs. 43.14 from Rs. 38.35 in the same period last year. The company's stock has performed well, with a 72.18% return over the past 6 months.
Open FlipInox Wind reported strong performance in the December 2023 quarter, with net sales increasing by 122.56% and net profit increasing by 100.63% compared to the same period in the previous year. EBITDA also saw a significant increase of 155.78%. The company's stock has shown remarkable growth, with a return of 223.38% in the last 6 months and 552.28% in the last 12 months.
Open FlipIndia Pesticides reported a decline in quarterly numbers for December 2023, with net sales at Rs. 150.68 crore and a net profit of Rs. 23.99 crore, down by 30.77% and 31.06%, respectively. The company's EBITDA also decreased to Rs. 37.10 crore, and its EPS dropped from Rs. 3.02 to Rs. 2.09. India Pesticides stock closed.
Open FlipVibhor Steel Tubes' IPO was a huge success, with the stock debutting at a 180% premium and receiving overwhelming investor response, being subscribed over 300 times. It boasts strong fundamentals, diverse product portfolio, and consistent financial performance, making it well-positioned for growth. However, its high valuation may pose risks in the long run.
Open FlipDMCC Speciality Chemicals reported a strong financial performance in the December 2023 quarter, with a significant increase in net sales, net profit, and EBITDA. The company's EPS also saw improvement. Over the past 6 months, DMCC's shares have given a return of 6.52% and over the past 12 months, a return of 24.38%. The company's consolidated quarterly results show a positive trend.
Open FlipUnicommerce, a SaaS platform preparing for an IPO, is expanding its overseas operations by taking on more clients. They currently serve 46 clients in countries like Singapore, the Philippines, and the UAE, and are looking to add more. The company sees international markets as a key area of growth and already works with notable brands like Redtag and Edamama.
Open FlipHarrisons Malayalam reported its consolidated quarterly results for December 2023, with a decrease in net sales and net profit compared to the same period in 2022. However, EBITDA increased by 4.29% and the company's shares have seen a 24.70% return in the last 6 months and 34.87% over the last 12 months. The company's basic EPS has decreased to Rs. 3.62!
Open FlipReported Consolidated quarterly numbers for Ashoka Buildcon are: Net Sales at Rs 2,657.12 crore in December 2023 up 35.83% from Rs. 1,956.25 crore in December 2022. Quarterly Net Profit at Rs. 107.30 crore in December 2023 down 21.16% from Rs. 136.10 crore in December 2022.EBITDA stands at Rs. 638.80 crore in December 2023 up 20.49% from Rs. 530.19 crore in December 2022.
Open FlipPocket FM, a popular audio series platform, will invest $40 million in its new online reading service called Pocket Novel. The aim is to expand into the literary landscape and develop intellectual properties. Similar to YouTube, Pocket Novel allows writers to upload novels and earn compensation. They currently focus on Hindi but plan to expand to other languages.
Open FlipThe latest quarterly consolidated results for Escorts Kubota showed growth in net sales, net profit, and EBITDA. The company's EPS also increased from the previous quarter. Shares closed at a positive note on February 19, 2024, with a return of 3.96% in the past 6 months and 41.34% in the past 12 months. Expenses in areas like raw materials, stocks.
Open FlipIn the December quarter of 2023, Jayshree Tea and Industries reported a decrease in net sales by 22.84% to Rs. 206.23 crore, but an increase in net profit by 102.32% to Rs. 0.19 crore, and EBITDA by 153.29% to Rs. 15.40 crore compared to the same period in 2022. The company's EPS also increased to Rs. 0.07.
Open FlipSun Pharma announced that it will purchase a 16.33% stake in Surgimatix Inc for $3.05 million by the end of the month, subject to conditions. Surgimatix is developing a soft tissue fixation device for surgeries but is not yet operational. Sun Pharma's market value surpassed Rs 3 lakh crore in December 2023 and its specialty drug Ilumetri was included in China's drug list on January 1, 2024.
Open FlipDhunseri Ventures reported its consolidated quarterly results for December 2023, with a net sales increase of 57.28% to Rs. 56.77 crore and a decrease in net profit by 85.39% to Rs. 12.41 crore. The company's EBITDA also saw a significant rise of 918.24% to Rs. 31.26 crore. However, EPS decreased from Rs. 24.25.
Open FlipHero Motocorp reported strong financial results for the December 2023 quarter, with a 20.56% increase in net sales and a 50.6% increase in net profit compared to the same period in 2022. EBITDA also saw a significant increase of 44.92%. The company's EPS has increased to Rs. 54.71 in December 2023 from Rs. 36.33 in December 2022.
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