Ashok Leyland shares surge 6% after posting 20% YoY increase in Q4 profit. Should you invest?

Ashok Leyland shares surge 6% after posting 20% YoY increase in Q4 profit. Should you invest?

Ashok Leyland shares zoomed nearly 6% on BSE today to their new all-time high of Rs 222.80 after reporting a 20% year-on-year (YoY) increase in its Q4 net profit at Rs 900.41 crore. Revenues from operations in the quarter under review stood at Rs 11,266.69 crore as compared to Rs 11,625.67 crore in the year-ago … Read more

Hindalco Q4 results today: Here’s what to expect from the metals major

Hindalco Q4 results today: Here’s what to expect from the metals major

Hindalco Industries, the Aditya Birla Group‘s metals flagship company, is likely to post muted revenues even though profitability is expected to edge higher. The company will announce its fourth quarter results later today. Revenue from operations during the January-March 2024 period is likely to decline up to 6% year-on-year, while profit growth is seen up … Read more

GPT Healthcare has promising prospects, but wait for listing to get clearer picture

GPT Healthcare has promising prospects, but wait for listing to get clearer picture

ET Intelligence Group: Backed by Banyan Tree Growth Capital, GPT Healthcare operates multispecialty hospitals under the ILS brand in eastern India. The Kolkata-based healthcare company is rolling out a ₹525 crore IPO comprising an offer of sale of ₹485 crore and a fresh issue of ₹40 crore. The IPO represents 34% of the post-paid capital … Read more

Blue Jet Healthcare has niche appeal; review it after listing

Blue Jet Healthcare has niche appeal; review it after listing

With the global situation being volatile due to war and inflation, long-term investors interested in investing in a small niche chemicals business can review it after listing. Synopsis The company has a portfolio of 43 commercialised products with long-standing and multi-year contracts with MNCs. Its top five customers contribute 75% of its revenues. It has … Read more

New policy won’t have any major financial impact on our performance: Nitish Mittersain, Nazara Tech

New policy won’t have any major financial impact on our performance: Nitish Mittersain, Nazara Tech

“Basis this new policy, there will be some impact and I am sure our teams, as well as the industry will work very closely to mitigate as much impact as we can over here,” says Nitish Mittersain, Nazara Tech. You have clarified that it us about 5.2% of your overall revenue on skill based gaming. … Read more

Rajesh Exports fails to file auditor report

Rajesh Exports fails to file auditor report

Mumbai: Rajesh Exports‘ omission in filing a key report along with its audited financial results for the year ended March 2023 is raising eyebrows on Dalal Street. The gold refiner and manufacturer, which posted revenues of ₹3.4 lakh crore in FY23 and has a market value of over ₹17,000 crore, did not put out its … Read more

EBITDA margins have improved significantly for Chalet Hotels: Sanjay Sethi

EBITDA margins have improved significantly for Chalet Hotels: Sanjay Sethi

“We have actually been able to report 46.4% EBITDA margin on a consolidated basis whereas the hospitality part of the business recorded 47.6% EBITDA margin which is extremely healthy by any benchmark,” says Sanjay Sethi, MD & CEO, Chalet Hotels.Congratulations a stellar quarter, was not expecting anything different as well. With strong growth having said … Read more

MSMEs’ revenues to touch pre-COVID levels: Report

MSMEs’ revenues to touch pre-COVID levels: Report

Nearly all the MSMEs in the country this fiscal would be surpassing the revenues they achieved in the pre-covid level, but their operating profits may be well below the 2019 levels as they are not able to pass on the commodity price increases, said ratings firm Crisil. Almost all the MSMEs are expected to cross … Read more

MSMEs’ revenues to touch pre-COVID levels: Report

MSMEs’ revenues to touch pre-COVID levels: Report

Nearly all the MSMEs in the country this fiscal would be surpassing the revenues they achieved in the pre-covid level, but their operating profits may be well below the 2019 levels as they are not able to pass on the commodity price increases, said ratings firm Crisil. Almost all the MSMEs are expected to cross … Read more

Nifty 50 cos may post 21% growth in June quarter earnings on low base

Nifty 50 cos may post 21% growth in June quarter earnings on low base

Mumbai: Nifty 50 companies are likely to report year-on-year (YoY) growth of 32% and 21% in revenues and profits, respectively, in the June 2022 quarter (Q1) on the back of a low base, according to analysts‘ estimates. Excluding financial, telecom and commodities, the revenue and profit growth will likely come in at 22% and 16%, … Read more