Posts in category Business Standard
Symbiox Investment & Trading Co reports standalone net loss of Rs 0.01 crore in the December 2023 quarter (13-02-2024)
Sales decline 52.63% to Rs 0.18 crore
Darshan Orna standalone net profit rises 325.00% in the December 2023 quarter (13-02-2024)
Sales rise 142.70% to Rs 10.97 crore
Suraj Estate Developers Q3 results: PAT at Rs 16 cr, debt falls by 38% (13-02-2024)
Suraj Estate Developers Ltd, a real estate player focused on South Central Mumbai (SCM) market with specialisation in redevelopment projects, has pared its debt level by 38 per cent to Rs 340.86 crore in the current quarter, a company statement said on Tuesday.
The company had a debt level of Rs 554.3 crore as of September 30, 2023.
Suraj Estate Developers repaid high-cost debt to the tune of Rs 285 crores in the month of January 2024 using the IPO proceeds, the company said.
An additional Rs 23.5 crores of unsecured debt is repaid from gross collection proceeds, resulting in lower interest costs and strengthened balance sheet. We shall see this benefit of reduced interest costs from Q4FY24 onwards, Rahul Thomas, Executive Director, Suraj Estate Developers, said.
The realty player raised around Rs 400 crore through an initial public offering in December last year. It was listed on exchanges on December 26.
Suraj Developers reported a sequential 2.4 per cent growth in total income
Marksans Pharma jumps after Q3 PAT climbs 34% YoY to Rs 83 cr (13-02-2024)
Marksans Pharma rallied 8.38% to Rs 159 after the company's consolidated net profit jumped 33.69% to Rs 83.29 crore in Q3 FY24 as compared with Rs 62.30 crore in Q3 FY23.
Berger Paints plans to set up new unit in Khordha, Odisha (13-02-2024)
Gets allots 80 acres of land from OIIDC, Govt. of Odisha
Siemens rises as Q1 PAT climbs 6% YoY to Rs 463 cr (13-02-2024)
Siemens gained 2.32% to Rs 4,315.15 after the company's net profit increased 5.9% to Rs 463.4 crore in the quarter ended 31 December 2023 as against Rs 437.6 crore reported in the same period last year.
NTPC commissions 14 MW of 40 MW Ayodhya Solar PV Project (13-02-2024)
With this, group installed and commercial capacity of NTPC has become 73888 MW.
Hindalco Inds Q3 PAT climbs 71% YoY to Rs 2,331 cr (13-02-2024)
The Aditya Birla Group company's consolidated net profit climbed 71.14% to Rs 2,331 crore in Q3 FY24 as against with Rs 1,362 crore posted in Q3 FY23.
Hindalco Industries Ltd leads losers in ‘A’ group (13-02-2024)
ISGEC Heavy Engineering Ltd, One 97 Communications Ltd, Elgi Equipments Ltd and Arvind Fashions Ltd are among the other losers in the BSE's 'A' group today, 13 February 2024.
Adoption of EVs started at a very slow pace in India though momentum has picked up now (13-02-2024)
Speaking at PHDCCI's India Electric Vehicles Conclave on 12 February 2024 at New Delhi, the Chief Guest, Sudhendu J. Sinha, IRTS, Adviser (Infrastructure Connectivity & Electric Mobility), NITI Aayog, informed that now 33 States and UTs in India have their own EV policies which apart from providing an EV ecosystem are also focussing on attracting investments in the EV sector. He informed that in India while the Central Government has been running various programs and schemes like FAME I & II, the State Governments drive their own policies.