At the operating level, EBITDA was up 8.8% to ₹350 crore in the second quarter of this fiscal over ₹321.5 crore in the corresponding period in the previous fiscal. Shares of Castrol India Ltd ended at ₹222.10, up by ₹2.60…
Apart from the 5:1 bonus, Sandur Manganese also issued a final dividend of ₹1 per share, which followed dividends of ₹5 per share each in 2022 and 2023 respectively.
The blue-chip Nifty 50 index fell 73 points, or 0.30%, to close at 24,650, slipping below the psychological 24,700-mark. The S&P BSE Sensex dropped 308 points, or 0.38%, to end at 80,710.
The engineering product manufacturer’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose sharply by 22% YoY to ₹40 crore from ₹33 crore last year. The margins, however, improved marginally to 23% from 22.6% on a year-on-year basis.
Exide’s net profit increased by 14.6% from last year to ₹320.5 crore, while Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased 11% year-on-year to ₹548 crore.
Antfin had originally invested close to ₹33,600 crore in Paytm, by acquiring a 27.9% stake or 183.3 million shares. The shares were acquired at an average cost of ₹1,833.3 per share, according to Paytm’s Red Herring Prospectus (RHP).
On global trends, Samir Arora, Founder and Fund Manager at Helios Capital sees diversification away from the US as a growing theme, with flows into India returning since February.
Its Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) grew by 19% to ₹282 crore, from ₹237 crore in the corresponding quarter last year. EBITDA margin improved to 16.5% from 15.2% on a year-on-year basis.
Sanofi Consumer Healthcare’s earnings before interest, taxes, depreciation and amortisation (EBITDA) of ₹70.2 crore was up 9.7% from the previous year’s ₹63.6 crore and 10% from the previous quarter’s ₹64 crore.
Highway Infrastructure operates primarily in tollway collection, EPC infrastructure projects, and to a smaller extent, real estate development. Proceeds from the IPO will be utilised to meet working capital needs and for general corporate purposes.