PL Capital cautious on seasonal product firms, sees Blue Star well placed

Retailers are also offering promotions to liquidate inventory built up in anticipation of strong summer demand.

Retailers are also offering promotions to liquidate inventory built up in anticipation of strong summer demand.

Granules India Q1 Results: Net debt for the company stood at ₹948 crore, while net debt-to-EBITDA stood at 0.96x.

Zydus Life’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter remained flat at ₹2,089 crore, while analysts were working with a number of ₹1,879.3 crore. EBITDA margins though, narrowed by nearly 200 basis points to 31.8% from…

In a stock exchange filing, the company said that the adoption of CEV stage 5 emission norms, applicable to diesel nonroad engines, early onset of monsoons, and global uncertainties impacted its top line during the quarter.

Jyothy Labs shares were trading 2% higher at a price of ₹333.00 on the BSE today. In the last 1 month alone, the stock has lost 6% of its value. It is down nearly 17% year-to-date.

Its EBITDA declined 12% year-on-year to ₹48.2 crore, and margin also contracted to 5.9%, from 6.9% in the same quarter a year ago.

MRF’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter declined 9% from the year-ago quarter to ₹1,034 crore, while margin narrowed by over 200 basis points to 13.7% from 16.1% last year.

The first sectoral upgrade for IT stocks since the earnings has arrived after a nearly 20% fall in the index this year so far.

While trade tensions with the US could affect sentiment globally, James Knightley, Chief International Economist at ING pointed out that the impact on economic activity in countries such as India and even Europe is limited.

The management of Hindustan Aeronautics had earlier highlighted that they are anticipating double-digit revenue growth from the next financial year, but also added that it could happen this financial year itself.