Navin Fluorine delivered a strong Q3, with profit more than doubling and margins expanding sharply on robust revenue growth, even as it recognised a one-time labour code-related charge
The drug firm reported ₹439.7 crore in revenue, down 10.5% on a year-on-year basis and 14.8% on sequential basis. Revenue in the same quarter last year stood at ₹398 crore while previous quarter reported ₹516 crore.
Shares of Garden Reach Shipbuilders & Enginers Ltd ended at ₹2,514.35, up by ₹112.80, or 4.70%, on the BSE.
NSE warned that higher STT on equity futures could hurt long-term investors and liquidity, saying it has asked the government to review the trading tax hike.
Shares of Eicher Motors Ltd ended at ₹7,209.55, up by ₹33.30, or 0.46%, on the BSE.
Company’s revenue for the quarter fell 18.3% to ₹1,200 crore from ₹1,470 crore, while EBITDA dropped 37% to ₹238.7 crore
Shares of GlaxoSmithKline Pharmaceuticals Ltd, today (Feb 9) closed at ₹2,515 on the NSE, up ₹31 or 1.25%, on NSE.
PN Gadgil posted strong Q3 results with profit nearly doubling, higher margins and festive-led sales, even as shares slipped slightly in early trade today post-earnings.
Trident reported a weak Q3 with sharp declines in profit, EBITDA and margins, alongside lower revenue, even as it announced a new overseas-focused subsidiary and exited a non-material arm.
Retail investors cut stakes as markets rose, pushing their ownership in India’s NSE-listed firms to a four-year low, while domestic institutions bought over ₹2 lakh crore of shares in the December quarter.