With a healthy order book, company targets 40-50 per cent growth in revenues in FY24.
The stock surpassed its previous high of Rs 511, touched on August 7, 2023
The stock opened higher and hit a 52-week high at Rs 816, before slipping into the negative zone in intra-day deals on Tuesday.
Stocks to watch on August 08, 2023: Adani Ports, Coal India, Hindalco, Jet Airways, Oil India and Utkarsh SFB are few of the notable companies to announce June quarter earnings on Tuesday.
Sequentially bottom line shows a small dent
No change in capital allocation policy allays Street's fears of RBL Bank investment
In the recently concluded quarter, the company's consolidated revenue rose 19 per cent YoY to Rs 33,892 crore
Its revenue from operations for the quarter under review declined by 5 per cent to Rs 1,437 crore compared to Rs 1,514.4 crore in the corresponding quarter a year ago
India Cements Ltd on Monday reported a consolidated net loss of Rs 73.58 crore in the April-June quarter mainly due to reduction in selling price and loss of volume. The company had posted a net profit of Rs 83.83 crore during the April-June quarter a year ago, India Cements Ltd (ICL) said in a regulatory filing. Its revenue from operations fell 5.12 per cent to Rs 1,436.74 crore during the period under review as against Rs 1,514.35 crore in the corresponding quarter of previous fiscal. "The selling price of cement was lower during the quarter under review due to severe competition caused by supply overhang. There was a reduction in variable cost during the quarter on account of softening of fuel prices," ICL said an earnings statement. The reduction in variable costs was offset by the reduction in realisation resulting in lower margins, it added. "The lower margins impacted the liquidity severely resulting in lower volume for the quarter. The overall sales volume almost remained
Easing retail inflation during the quarter helped corn-seeds producing businesses like Bayer Cropsciences to log profits despite a slowdown in its crop protection business
The revenue from operations for Q1FY24 came in at Rs 3,448.91 crore, compared to Rs 3,124.97 crore year-on-year
The company said that with the easing of raw material cost pressure, the quarter witnessed an expansion of gross margins by 240 basis points at 65.4 per cent during the quarter
Closing Bell on August 7: Among sectors, Nifty Healthcare, Nifty Pharma, and Nifty IT indices emerged as the top leaders, gaining up to 2 per cent
Cash flow from operations stood at Rs 261 crore during the quarter, of which around Rs 38 crore were spent on capacity expansion projects
Aurobindo said its subsidiary Eugia has received a final approval from the USFDA to manufacture and market Vancomycin Hydrochloride for Injection used in treatment of skin and bone infection.
The biscuit maker's revenue and profit-after-tax (PAT) 8.4/35.6 per cent year-on-year growth in Q1FY24 were below consensus estimates by 2.4/10 per cent, respectively
The company's net profit jumped nearly 6-fold to Rs 47.13 crore for Q1FY24, backed by a near 4-fold growth in revenue.
Stocks to watch on August 07, 2023: Shares of consumer discretionary such as Dixon Tech and Amber Enterprises are expected to be in focus after government relaxed curbs on laptop imports.
The combined net sales of all companies in the sample were up just 7.3 per cent YoY in Q1FY24, the lowest in the past 10 quarters
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