Praj Industries Q1: Consolidated net profit was up 85.8% at Rs 41.3 crore against Rs 22.2 crore (YoY). Consolidated revenue rose 89% at Rs 730 crore against Rs 386.3 crore (YoY). Consolidated EBITDA was up 82.2% at Rs 56 crore against Rs 31 crore (YoY) while consolidated EBITDA margin came in at 7.7% against 7.9% (YoY).
Balrampur Chini Q1: Consolidated net profit went down 83.3% at Rs 13 crore against Rs 77 crore (YoY). Consolidated revenue slipped 5.3% at Rs 1,080 crore against Rs 1,140.4 crore (YoY). Consolidated EBITDA was down 66.9% at Rs 44.4 crore against Rs 134 crore (YoY). Consolidated EBITDA margin at 4.1% against 11.7% (YoY). The stock was trading at Rs 360, down Rs 19.70, or 5.19 percent on BSE. It has touched an intraday high of Rs 386 and an intraday low of Rs 358.35.
ICRA’s operating income up by 7% to Rs. 49.3 crore for Q1 FY2023. Net profit increased by 22.7% to Rs. 31.9 crore. Operating profit, excluding MTM losses on investments, up by 18.6% to Rs 11 crore. Group growth momentum sustained, 15.8% YoY increase in operating revenue, topping the 14.1% growth in Q4 FY22.
Adani Total Gas Q1: Consolidated net profit jumped 70.6% at Rs 138.4 crore against Rs 81.1 crore (QoQ). Consolidated revenue was up 3% at Rs 1,042.4 crore against Rs 1,012 crore (QoQ). EBITDA rose 66.7% at Rs 218.5 crore against Rs 131.1 crore (QoQ).
#CNBCTV18Exclusive | #5G Q1 revenue run rate annualised at $800 m. We are in early stages of 5G expansion around the world. For the next 3-4 years we will see immense activity levels around 5G, says Manish Vyas of Tech Mahindra pic.twitter.com/gnm2yQGgcQ— CNBC-TV18 (@CNBCTV18Live) August 4, 2022
Infibeam Avenues Q1: Consolidated net profit went down 17.7% at Rs 23.7 crore against Rs 28.8 crore (QoQ). Consolidated revenue was up 13.2% at Rs 418.3 crore against Rs 369.4 crore (QoQ). EBITDA went down 4.7% at Rs 42.4 crore against Rs 44.5 crore (QoQ). Margin at 10.2% against 12% (QoQ). The stock was trading at Rs 16.22, up Rs 1.31, or 8.79 percent on BSE. It has touched an intraday high of Rs 17.20 and an intraday low of Rs 15. It was trading with volumes of 1,268,955 shares, compared to its five day average of 267,888 shares, an increase of 373.69 percent.
Avadh Sugar Q1: Consolidated net profit was up 4% at Rs 19.7 crore against Rs 18.9 crore (YoY). Consolidated revenue rose 11.2% at Rs 688.1 crore against Rs 619 crore (YoY). EBITDA was down 8.3% at Rs 64.2 crore against Rs 70 crore (YoY). Margin at 9.3% against 11.3% (YoY).
Market update at 2 PM: Sensex is down 277.95 points or 0.48% at 58072.58, and the Nifty shed 78.60 points or 0.45% at 17309.60.
DCM Shriram in agreement with ReNew Power
DCM Shriram and ReNew Power today announced signing of two Captive Power Agreements (CPAs), to supply 50 MW of renewable energy from its two upcoming projects in Bhavnagar, Gujarat, to DCM Shriram’s Chlor-Alkali manufacturing facility in Bharuch district, Gujarat.
DCM Shriram was quoting at Rs 1,025.00, up Rs 17.90, or 1.78 percent on the BSE.