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July 28, 2023 11:07 AM IST Most of the Cement players have more or less reported inline set of numbers, barring ACC – which has managed to surpass the expectation. Signs of cooling power & fuel cost and pick up demand has played out during the quarter ended June 30, 2023. But the key question to be asked - have petcoke/ thermal coal price bottomed out. Would the lower energy price be passed on via lower cement prices.
Catch @onlynickey in conversation with Nirav R Karkera (Head - Research, Fisdom) as they discuss the performance of top cement players which have reported their earnings thus far.
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July 28, 2023 11:19 AM IST In the quarter under review, the company also reported a 9.5 percent YoY rise in its revenue from operations at Rs 515.2 crore for Q1FY24 as compared to Rs 470.6 crore in Q1FY23.
- July 28, 2023 11:01 AM IST
The earnings before interest, taxes, depreciation and amortization (EBITDA) grew by 10.6 percent YoY at Rs 74.1 crore as against Rs 67 crore. However, the EBITDA margin witnessed contraction at 15.9 percent in Q1 FY24 against 17.8 percent in the same period previous year.
- July 28, 2023 10:57 AM IST
The underwater vehicle has been designed to operate in autonomously manner and its design enables it to carry out a variety of roles depending on the payload, the company has said
- July 28, 2023 10:37 AM IST
With travel picking up, government efforts to boost connectivity as well as India hosting key international events, demand momentum should remain strong. IHCL expects the uptick in average room rates to continue.
- July 28, 2023 10:29 AM IST
Operating margin shrunk to 15.40 percent from 20.66 percent a year ago, weighed by a surge in other expenses and higher depreciation and amortisation expenses.
- July 28, 2023 10:42 AM IST
Post-merger synergies drive healthy asset growth. Margin dipped, but return ratios beat guidance
- July 28, 2023 10:23 AM IST
ICICI Direct, Rupee is expected to depreciate today amid strong rebound in dollar. Better than expected US advance GDP numbers and resilient labor market has increased the probability of rate hike scenario in US.
- July 28, 2023 10:22 AM IST
Nestle India's beverage portfolio reported a double-digit growth which was carried by greater household penetration in Nescafe Classic, Nescafe Sunrise, and Nescafe Gold. The milk and milk products portfolio also registered double-digit growth despite high inflation in milk
- July 28, 2023 10:16 AM IST
In the June quarter, the defence PSU's order book stood at Rs 65,400 crore, up 18 percent YoY, Morgan Stanley said. The order book implies 3.7 times FY23 revenue, which provides strong revenue visibility, ICICI Securities has said.
- July 28, 2023 10:15 AM IST
Indian Hotels stock has given a return of 31.50 percent over the last six months.
- July 28, 2023 10:13 AM IST
The company reported its best ever first quarter pre-sales performance at Rs 3,353 crore alongside a “very strong” business development of Rs 12,000 crore.
- July 28, 2023 10:14 AM IST
BPCL has delivered earnings that surpassed expectations, primarily driven by substantial over-recoveries in retail fuel marketing and improved refining margins, which can be attributed to the advantages gained from discounted Russian crude.
- July 28, 2023 10:10 AM IST
According to Geojit, Barring dhaniya other spices ended Thursday’s session on a positive note. Turmeric futures rose supported by firm demand and on prospects of lower acreage this season.
- July 28, 2023 10:17 AM IST
Nuvama Institutional Equities has upgraded its rating on Shriram Finance from 'hold' to 'buy' and raised the target price to Rs 2,145
- July 28, 2023 10:09 AM IST
The key growth element missing for Dr Reddy’s is an India story. It aspires to improve its rank and increase maket share in the chronic portfolio in he country. At present, it is a work-in-progress
- July 28, 2023 09:59 AM IST
Post the acquisition, Lemon Tree Hotels holds a 59-percent stake in Fleur Hotels, and the rest is held by APG Strategic Real Estate Pool N V.
- July 28, 2023 09:50 AM IST
Revenue from operations also declined to Rs 1,216 crore in the June 2023 quarter, as against Rs 1,240 crore in the year-ago quarter.
- July 28, 2023 09:50 AM IST
The acquisition is in line with the strategy of Welspun Enterprises to grow the water infrastructure business segment. This will enable its entry into the tunnelling business, which complements its existing water and road business.
- July 28, 2023 09:56 AM IST
On July 14, the company's subsidiary, Lupin Inc., based in Somerset, New Jersey, received USFDA approval for Chlorpromazine Hydrochloride Tablets USP, 10 mg, 25 mg, 50 mg, 100 mg, and 200 mg.
- July 28, 2023 09:52 AM IST
JS Auto Cast Foundry India plans to pick a 26 percent stake in Ratnakar Energy Private Limited, which is engaged in power generation. The acquisition is for the purchase of solar power
- July 28, 2023 09:35 AM IST
Laurus Labs registered an EBITDA margin of 14.1 percent in April-June, the lowest-ever on a quarterly basis.
- July 28, 2023 09:32 AM IST
Ajanta Pharma's growth in Q1 was driven by double digit increase in sales from the India and US generics segments.
- July 28, 2023 09:09 AM IST
The Indian equity market is expected to kickstart August series on a slower note with traction seen in pharmaceuticals and economy facing sectors. Thus far, Q1fy24 numbers have "matched expectations" giving little reason for the analyst community to lower guidance yet. Stocks to watch out for include NDTV, Bharat Electronics, JK Lakshmi on back of the earnings. Rail Vikas Nigam and Lupin too would be in focus. Catch Moneycontrol's Nickey Mirchandani in conversation with Jay Thakkar, Head - Alternate Research, Capital Market Strategy, Sharekhan by BNP Paribas and Sushant Bhansali—CEO, Ambit Assets Management.
- July 28, 2023 09:17 AM IST
FIIs have withdrawn around $2.12 billion from the information technology sector, so far, in 2023 amid a challenging demand environment. Mutual funds, however, increased stakes in some midcap IT companies in the June quarter
