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EBITDA were also down 17% from last year’s ₹437 crore to ₹363 crore in the June quarter this year. Its margin came in at 11% as against 13.4% in the June quarter last year.

Indian Oil’s gross refining margin stood at $2.15 per barrel, which is well below the previous quarter’s figure of $7.97 per barrel and lower than the CNBC-TV18 poll expectation of $7.1 per barrel.

In an exchange filing, Essar Shipping stated the notice calls for investigation into the affairs of the company under Section 212 of the Companies Act, 2013, calling for information.

The company’s net profit inched up by 0.8% to ₹49.4 crore compared to ₹49 crore in the same period last year. Revenue rose by 1.4% to ₹405.5 crore from ₹400 crore a year ago.

Brokerage firm Morgan Stanley said that the price paid does not appear expensive and should not result in EPS dilution, assuming a high single-digit margin profile for the entity.

During its March quarter earnings call, the Vodafone Idea’s management had highlighted that the uptick in 5G has progressed well and that 5G will be launched across 17 states.

Engineers India reported its first quarter earnings on Wednesday, August 13. The company’s net profit declined 28.6% to ₹65.4 crore from ₹91.6 crore in the previous year. Its revenue increased 39.4% to ₹870 crore from ₹624 crore last year.

The announcement comes soon after Cognizant reported a healthy Q2 earnings. It showed an 8.1% year-on-year revenue rise to $5.25 billion and a record $27.8 billion in bookings over the past 12 months.

Shares of Pfizer India have seen the sharpest single-day surge since May 20.

Refunds and the transfer of shares to Demat accounts will be initiated by the company on August 18. BlueStone Jewellery’s IPO listing date has been tentatively fixed as August 19.