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Market Updates

The Markets are expected to open marginally lower as trend in SGX nifty indicate a negative start for the broader index after Nifty closed 195 points higher at 18,264 on monday.

Greenply Industries:

The company announced a joint venture with Netherlands-based Samet BV on a 1:1 shareholding basis to manufacture and sell functional furniture hardware through a manufacturing facility in India.

Godrej Consumer Products:

The company has completed the acquisition of Raymond Consumer Care by way of a slump sale.

Easy Trip Planners:

he company’s board has approved identification and acquisition of certain entities and companies in domestic and overseas jurisdictions to drive inorganic growth. It also approved incorporation of a wholly owned subsidiary for venturing into the general insurance business.

Dev Information Technology:

The company received a noteworthy order from Gujarat State Fertilizers & Chemicals for installation, supply, commission, implementation and maintenance of enterprise class mailing solution at the latter’s head office.

Q4 Results Update:

Pidilite Industries Q4 FY23 Revenue was up 7.27% at Rs 2,689.25 crore. Ebitda was up 14.48% at Rs 459.16 crore. Ebitda margin stood at 17.07% vs 16% last year. Net profit was up 11.28% at Rs 283.03 crore. The board recommended a dividend of Rs 11 per share for the fiscal 2023.

Birlasoft Q4 FY23 Revenue was up 0.36% at Rs 1,226.38 crore. EBIT stood at Rs 146 crore vs EBIT loss of Rs 136 crore last year. EBIT margin was at 11.90%. Net profit stood at Rs 112.16 crore vs net loss of Rs 16.36 crore las tyear. The company has declared a dividend of Rs 2 per share.

Kalpataru Power Transmission Q4 FY23 Revenue was up 18.07% at Rs 4,882 crore. Ebitda was up 9.93% at Rs 332 crore. Ebitda margin stood at 6.8% vs 7.3% previous year. Net profit was up 45.79% at Rs 156 crore. The company declared a final dividend of Rs 7 per share for the fiscal 2023.

Q4 Results Today:

Apollo Tyres, Lupin, SRF, Indraprastha Gas, Nuvoco Vistas Corporation, Birla Corporation, Godrej Agrovet, Raymond, Castrol India, Westlife Foodworld, Chalet Hotels, Poly Medicure, Nazara Technologies, Shanthi Gears, Matrimony.com, Elantas Beck India, Eveready Industries India, Five-Star Business Finance, Ganesh Housing Corporation, Hatsun Agro Product, JM Financial, Jaiprakash Power Ventures, KSB.

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