The Nifty futures contract traded 44 points, or 0.23 percent, down at 18,686 on the Singapore Exchange, indicating that Dalal Street will have a bad start on Wednesday.
Adani Ports & SEZ: For the January-March quarter (Q4FY23), the company’s consolidated net profit increased by 5.1% year over year (YoY), to Rs 1,158.9 crore. The revenue from operations increased as well, rising 40% YoY to Rs 5,797 crore. For FY23, the board proposed a dividend of Rs 5 per fully paid-up share of Rs 2 each.
Mankind Pharma: Mankind Pharma Ltd. revealed that its consolidated net profit for the March quarter increased by 50% year over year (YoY) to Rs 285 crore. To Rs 2,053 crore, operating revenue increased by over 19% year over year.
SBI: Today will be a key day for SBI shares as the business will go ex-dividend.
Coal India: Starting on May 31, Coal India increased the price of non-coking coal by 8%. The price increase would result in additional income for the state-owned corporation of Rs 2,700 crore.
HDFC Life: On Wednesday, Abrdn, a member of the promoter group for HDFC Life, plans to sell all of its stock in the company. Abrdn now owns 35.7 million shares, or 1.66 percent, of the insurance company. Each share will cost between Rs. 563.2 and Rs. 585.15.
The Chinese health ministry has authorized Sun Pharmaceutical’s new drug application (NDA) for tildrakizumab injection, which is intended to treat individuals with moderate-to-severe plaque psoriasis.
NMDC: The price of iron ore lump and its fines were reduced by the state-owned firm by Rs. 300 and Rs. 450 per tonne, respectively. It has set the price of fines at Rs 3,560 per tonne and the price of lump ore at Rs 3,900 per tonne.
Icarus Hybren has been formed as a wholly-owned subsidiary of Mahindra Susten, a division of Mahindra Holdings Limited, which is itself a wholly-owned subsidiary of the firm, according to Mahindra & Mahindra.
Apollo Hospitals: For the three months ending in March, the business posted a combined net profit of Rs. 145 crore. Additionally, overall operating revenue increased by 21.3% to Rs 4,302 crore in Q4FY23.
Inox Wind: The business has a contract with Gujarat’s NTPC Renewable Energy Limited (NTPCREL) for a 150 megawatt (MW) wind energy project. With this, Inox Wind has now received 550 MW in total in orders from NTPC.
Patanjali Foods: The business reported a profit after tax of Rs 264 crore, a 12.8% increase from Rs 234 crore the previous year. On the other side, operating revenue increased by 18.14% to Rs 7,873 crore for the quarter ending in March.
Rajesh Exports: Subject to shareholder approval at the next general meeting, the business named Suresh Kumar Sarojamma Linge Gowda as managing director for a period of five years, beginning June 1, 2023.
Torrent Pharma: Compared to the same quarter a year before, the business reported a net profit of Rs 287 crore for the March quarter. The shareholders have been advised by the board of directors to approve a final dividend of Rs 8 each equity share worth Rs 5 apiece.
V-Guard Industries: The producer of electric products recorded a Q4FY23 consolidated net profit down 41.14 percent year over year at Rs 52.72 crore. Meanwhile, operating revenue increased 7.64% to Rs 1,140.14 crore over the examined period.
PTC Industries: The business recorded a 19% YoY increase in total revenue to Rs. 62.6 crore in Q4FY23 compared to Rs. 52.6 crore in the same quarter last year. On the other hand, profit after tax increased 99.1% YoY to Rs 9.2 crore in the March quarter.
