Finshorts
Natco Pharma’s consolidated net profit surged 59% to Rs 668 crore for Q1 FY2024, up from Rs 420 crore a year earlier. Revenue climbed to Rs 1,363 crore from Rs 1,140 crore. The board declared an interim dividend of Rs 3 per share. Natco’s shares rose 3.48% to Rs 1,491.30 on the BSE. For investors, … Read more
Berger Paints India Ltd has raised prices three times since June, aiming for 5% value growth in Q2 FY2025 while targeting at least 10% volume growth. The company plans to double its turnover to Rs 20,000 crore by 2029. Berger will close its Howrah plant by 2025, converting it to an R&D center. The Panagarh … Read more
The government has approved a 20% premium over the regulated price for gas from new wells drilled by ONGC. Currently, regulated gas is priced at 10% of the crude oil price, capped at USD 6.5 per mmBtu. New gas will now receive a 12% price based on the crude oil basket price. This move aims … Read more
CARS24, a Gurugram-based online used-car platform, is preparing for an IPO to fuel its growth. With a turnover exceeding USD 1 billion, the company anticipates the domestic used-car market will surpass USD 100 billion in ten years. CARS24’s app upgrade includes features like financing, insurance, and maintenance. The IPO aims to support expansion and new … Read more
Hindustan Copper Ltd reported a consolidated net profit of Rs 113 crore for Q1 FY24, up from Rs 47.28 crore a year ago. Consolidated income rose to Rs 500 crore from Rs 384 crore. The company is set to exceed its capex target of Rs 350 crore this fiscal year. For investors, HCL’s profit surge … Read more
Adani Green Energy Ltd (AGEL) aims to expand its operational capacity to over 50 GW by 2030, with a projected annual growth rate of 6-7 GW. The company’s capacity is expected to grow at a CAGR of 31% from FY24-30, driven by key projects like Khavda and Rajasthan. Revenue growth is anticipated at 35% CAGR. … Read more
On Monday, Bharti Enterprises announced a USD 4 billion deal to acquire a 24.5% stake in BT Group, the UK’s largest broadband and mobile company. This move adds to a growing trend of Indian companies buying UK firms, following notable acquisitions by Tata Group, Mahindra & Mahindra, Welspun, and TVS. For investors, this underscores India’s … Read more
The Indian REITs Association dismissed Hindenburg Research’s claims that Sebi’s REIT regulations favor select entities as “baseless and misleading.” The association praised Sebi for its strong regulatory framework, which includes strict reporting, independent valuations, and governance standards. REITs in India, managing assets worth Rs 1.4 lakh crore and with a market cap of Rs 80,000 … Read more
Identical Brains Studios (IBS), a Mumbai-based VFX firm, announced plans to go public. It aims to increase its revenue from Rs 20 crore in FY2023-24 to Rs 56 crore by FY2026. IBS posted a profit after tax of Rs 4.9 crore last fiscal and expects Rs 32 crore in revenue for FY2024. The company has … Read more
Borosil Renewables reported a consolidated net loss of Rs 14.23 crore for Q1 FY25, up from Rs 11.53 crore a year ago. Total expenses rose to Rs 389.64 crore from Rs 369.46 crore, while total income increased to Rs 374.32 crore from Rs 362.46 crore. The widening loss despite rising income may concern investors.