The markets are expected to open marginally lower today as trendsin GIFT Nifty indicate a negative start - ARETE Securities Ltd
The markets are expected to open marginally lower today as trendsin GIFT Nifty indicate a negative start for the broader index afterNifty closed 1 point higher at 24,836 on Monday.
Aditya Vision:
The company reports Q1 EBITDA of INR 851 million, up 34% from 633million (YoY), Q1 EBITDA margin of 9.58% vs 9.87% (YoY), Q1 revenue of INR8.9 billion, up 39% from 6.4 billion (YoY), and Q1 standalone net profit ofINR 530 million, up 42% from 374 million (YoY).
ASK Automotive:
The company reports Q1 EBITDA of INR 1 billion, up 57% from 637 million(YoY), Q1 EBITDA margin of 11.67% vs 9.70% (YoY), Q1 revenue of INR 8.6billion, up 31% from 6.57 billion (YoY), and Q1 consolidated net profit of INR568 million, up 63% from 348 million (YoY).
Brigade Enterprises:
The company’s wholly-owned subsidiary has incorporated a LLP toundertake the development of real estate projects.
CESC:
The company acquired 63.91% of shares in Purvah Green Power at a cost ofINR 2.05 billion.
Data Patterns:
The company reports Q1 EBITDA of INR 380 million (+36.2% YoY) with amargin of 36.54% vs 30.98% YoY, Q1 revenue of INR 1 billion (+11.5% YoY),and Q1 SL net profit of INR 328 million (+27.1% YoY, -53.9% QoQ).
ITD Cementation India:
The company secured a new contract worth INR 12.37 billion forconstructing a residential colony in New Delhi.
L&T:
The company wins a large contract valued between INR 2,500 to 5,000 crore.
Mankind Pharma:
The company will acquire a 100% stake in Bharat Serums and Vaccines (BSV)for an enterprise value of approximately INR 136.3 billion, expanding its highentry barrier portfolio and strengthening its leadership in women’s health.
Pfizer:
The company reported Q1 EBITDA of INR 1.8 billion, up 62.3% YoY, with anEBITDA margin of 31.62%, revenue of INR 5.6 billion (up 5.5% YoY), and netprofit of INR 1.5 billion (up 60.4% YoY).
RVNL:
The company gets an order worth INR 7.39 billion.
SIS:
The company’s Australian group acquired the remaining 15% shareholdingin SDS, increasing its holding in SDS from 85% to 100%.
Tata Steel:
The company says it has acquired equity stake in T Steel Holdings,purchasing 5.57 billion equity shares of face value USD 0.157 each,aggregating to USD 875 million (INR 7,324.41 crore) in TSHP.
Uno Minda:
The company approved raising funds aggregating to INR 1.5 billion via nonconvertible debentures on a private placement basis.
Whirlpool of India:
The company reports Q1 EBITDA of INR 1.93 billion, up 93% from 1 billion(YoY), Q1 EBITDA margin of 8.11% vs 5.21% (YoY), Q1 revenue of INR 23.8billion, up 24% from 19.2 billion (YoY), and Q1 standalone net profit of INR1.3 billion, up 109% from 623 million (YoY).
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