9:38 AM
Glenmark Life slips in trade; Glenmark Pharma and Glen Saldanha mull stake sale
>> Glenmark Pharma and Glen Saldanha plan to sell up to 7.85 per cent of their stake via an Offer for Sale (OFS) at a minimum price of Rs 810 per share.
9:35 AM
Sula Vineyard pares gains; Co posts highest-ever Q1 revenue
>> Sula Vineyards reported its highest-ever Q1 revenue, with overall net revenue up by 9.7 per cent YoY to Rs 129.6 crore.
>> Revenue from own brands increased by 2.7 per cent YoY to Rs 104.4 crore.
>> Wine consumption and tourism were affected during the quarter due to dry days surrounding the Lok Sabha elections and heatwave conditions.
9:32 AM
JTL Industries rises 2% on Thursday post Q1 results
>> JTL Industries saw a 2 per cent YoY increase in revenue to Rs 515 crore, with volumes up by 11 per cent YoY.
> Margins expanded by 70 basis points to 7.7 per cent. Ebitda per tonne stood at Rs 4,632 compared to Rs 4,594 YoY. Additionally, warrants issued to promoters were converted at Rs 270 per share.
9:30 AM
Kesoram Ind falls over 1% in early trade, recoups losses later post Q1 results
>> Kesoram Industries reported a net loss of Rs 62 crore compared to Rs 32.4 crore last year. Revenue decreased by 12 per cent year-on-year (YoY) to Rs 879 crore. Ebitda declined by 32.3 per cent YoY to Rs 70.9 crore, with Ebitda margin at 8 per cent, down from 10.5 per cent last year.
9:27 AM
Tata Elxsi slips in trade post muted Q1 show
>> The company reported a 6.5-per cent quarter-on-quarter (Q-o-Q) decline in net profit to Rs 184.1 crore. Ebit fell 3.6 per cent to Rs 225.3 crore, with Ebit margin narrowing to 24.3 per cent from 25.8 per cent Q-o-Q. Revenue, however, was up 2.3 per cent to Rs 926.5 crore
9:25 AM
Stock Alert :: YES Bank jumps 7% on Moody’s upgrade
>> Global rating agency Moody’s has revised its outlook on Indian private sector lender Yes Bank from “stable” to “positive” on the expectation of a gradual improvement in its depositor base and lending franchise.
