The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
Q1 consolidated profit decline 90% year-on-year at Rs 126 crore due to the base effect.
Markets were trading flat with a negative bias amid lack of buying support as investors turned cautious after recent gains
EBITDA margin expanded by 91bp yoy to 10.5% mainly due to reduction in raw material cost and other expenses as a percentage of sales.
The board will meet on May 13, to consider the proposal for buyback of shares.
Q1 net profit down 11% yoy at Rs 42.56 crore mainly due to higher interest cost.
investors turned cautious after gains in the past few sessions and ahead of key economic data due on Friday.
Q4 net profit at Rs 2.7 crore against loss of Rs 330 crore in year ago quarter.
Watch out for Lupin, HDFC, ABB and IT shares in trades today
The company said its antibiotic drug 'Elores' received tremendous response from medical fraternity.
The board have recommended a dividend of Rs 12.50 per share.
Gabs Investments Pvt Ltd, has acquired 18,169 shares worth of Rs 1.43 crore of the company through open market transactions.
Defensives FMCG, IT stocks lead gains in noon deals; Lupin at record highs
Q4 profit at Rs 356 crore against an average analyst estimates of Rs 315 crore.
Q4 net profit at Rs 7.40 crore against net loss of Rs 5.69 crore in a year ago quarter.
The board has recommended a final dividend of 30% or Rs 3 per equity share of face value of Rs 10 each.
The broader markets gained with mid-caps and small-caps rising nearly 0.3% on the BSE.
The company is planning to launch 8 million sq.ft. new projects during the current financial year 2013-14.
BSE Capital Goods, Realty and Power indices have declined by nearly 1% each. However, BSE FMCG index is up by almost 0.5%.
Weakness can be seen in capital goods, power and consumer durables pockets
Analyst expected to register a strong revenue growth of 32.8% mainly on back of strong growth from US and domestic markets.