Vardhman Textiles’ Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter declined by 6.4% on a year-on-year basis to ₹325.7 crore, while margins narrowed by over 100 basis points to 13.7% from 15% during the year-ago quarter.
In the June quarter, the management is hopeful of reporting a net profit, aided by several growth triggers such as MDR on UPI transactions and the return of Paytm Wallet.
Q1 Results Live Updates: It is yet another day when a slew of broader market companies report results, as the June quarter reporting season continues to gather steam. The stock of the morning though, has been Eternal, gaining as much…
In India, gold prices continued to reflect the global strength. On Tuesday (July 22), 24 karat gold traded at ₹10,129 per gram, while 22 karat gold stood at ₹9,285 per gram. For 18 karat gold, the price was around ₹7,597…
Ed Clissold, Chief US Strategist at Ned Davis Research, explained that the US has repeatedly extended its negotiation windows, delaying many trade deals and leaving hopeful partners in limbo. India’s slowdown is just one example of this broader pattern.
PNB Housing Finance has raised its net interest margin (NIM) guidance for the year to around 3.7%, up from the earlier range of 3.6–3.65%.
VA Tech’s current order book of ₹13,700 crore, which is 4.2 times its revenue of the previous financial year, coupled with a strong bid pipeline of ₹20,000 crore, could provide a 15% to 20% revenue growth visibility over the next…
Of the 15 analysts that have coverage on Swiggy, 19 of them have a ‘Buy’ rating on the stock, while three each of them have a ‘Hold’ and a ‘Sell’ rating.
At ₹3 lakh crore, Eternal’s market capitalisation makes it more valuable compared to over 20 Nifty 50 constituents.
At the interbank foreign exchange, the domestic unit opened at 86.26 against the greenback, registering a rise of 5 paise over its previous close.