Kansai Nerolac Q3 net profit tumbles 82% despite marginal revenue growth

EBITDA declines, margins compress; company flags ₹44.7-crore labour code impact. Shares of Kansai Nerolac Paints Ltd closed at ₹227.89, down ₹6.28 or 2.68%, on February 3.

EBITDA declines, margins compress; company flags ₹44.7-crore labour code impact. Shares of Kansai Nerolac Paints Ltd closed at ₹227.89, down ₹6.28 or 2.68%, on February 3.

DLF has signed definitive agreements to sell its Kolkata IT/ITeS SEZ asset, DLF TechPark II, along with about 8.15 acres of land for ₹409.86 crore, and a separate 17.75-acre vacant land parcel for ₹260 crore to Srijan Group entities. The…

Nazara Technologies posted a mixed Q3, with profit and revenue declining year-on-year, even as strong operating efficiency drove an 81% jump in EBITDA and a sharp margin expansion.

Mankind Pharma, Aditya Birla Capital, Bajaj Finance, Bharat Coking Coal, Pidilite, Nazara Tech and Godrej Agrovet have reported their Q3 results. Here are a few stocks to watch ahead of Wednesday’s trading session.

Aarti Drugs Ltd reported a Q3 net profit of ₹40.5 crore, up 9.5% YoY from ₹37 crore, driven by revenue growth of 8.1% at ₹601.7 crore. EBITDA for the quarter declined 11.8% to ₹54.7 crore, with margins falling to 9%…

The report added that NSE is targeting the filing of the DRHP by end-March or early April. If audited September quarter numbers are used, the filing could happen by March-end

Industry leaders Rajiv Memani, Amit Kalyani, Sanjay Budhia and Suvankar Sen welcome the India-US trade deal, citing tariff relief and improved export prospects.

Revenue grows 10.1% to ₹3,709.9 crore, EBITDA up 12% with margin at 24.1% YoY.

As per exchange data, FIIs bought shares worth ₹5,426 crore in the cash market, while domestic institutional investors (DIIs) bought shares to the tune of ₹345 crore.

Sheela Foam Ltd reported a Q3 net profit of ₹52.57 crore, up from ₹16.8 crore YoY, on revenue growth of 11.1% to ₹1,075 crore; the mattress segment grew 11% in volume, while the foam segment rose 20%. Shares closed substantially…