Results on April 18: ICICI Lombard General Insurance Company will remain in focus ahead of quarterly profits on April 18. Tata Coffee, Schaeffler India, CRISIL, Seacoast Shipping Services, Accelya Solutions India, Oriental Rail Infrastructure, and Vivanta Industries will likewise launch their quarterly numbers today.
Angel One: The retail stock broking house has actually taped a 30.4% year-on-year development in combined revenue at Rs 267 crore on strong topline along with running efficiency. Consolidated income at Rs 825.7 crore for the quarter grew by 21.3 percent, while on the operating front, EBITDA increased by 30% YoY to Rs 385 crore with margin growth of 310 bps at 46.6% in Q4FY23. The board has actually authorized a last dividend of Rs 4 per share, and selected Amit Majumdar as Executive Director – Strategic Initiatives, with impact from April 17.
Jubilant FoodWorks: Coca-Cola India has actually gotten 15% equity stake in Hashtag Loyalty, the associate business of Jubilant Foodworks, for Rs 104.68 crore. Hashtag Loyalty has actually participated in a Securities Subscription Agreement with Coca-Cola India. Accordingly, the Jubilant’s stake in Hashtag has actually decreased from 35% to 29.75%.
Avalon Technologies: The electronic production services business will make its launching on the bourses on April 18. The concern cost has actually been repaired at Rs 436 per share.
Subex: Vinod Kumar Padmanabhan has actually asked for early retirement from the position of Managing Director & Chief Executive Officer of the software business. Vinod Kumar, who have actually invested 25 years at Subex, was expected to retire on March 31, 2024. The board has actually accepted the demand and Vinod Kumar will continue as MD & CEO of the business till May 1, 2023.
Hathway Cable & Datacom: The web services supplier has actually published combined loss of Rs 14.62 crore for quarter ended March FY23, affected by lukewarm development in topline and lower operating efficiency. Profit in Q4FY22 was at Rs 28.35 crore. Revenue grew by 2.4% YoY to Rs 459.6 crore, while EBITDA in Q4 dropped 31.9% to Rs 63.1 crore with margin decreasing 690 bps compared to year-ago duration. The board has actually authorized an appointment of Tavinderjit Singh Panesar as CEO of the business.
Kolte-Patil Developers: The board of directors of the business has actually offered an approval for allocation of 20,650 non-convertible debentures to Marubeni Corporation, Japan for Rs 206.50 crore. The funds raised from this issuance will be used towards basic business functions of the business.
Network18 Media and Investments: The business has actually published combined bottom line of Rs 36.8 crore for quarter ended March FY23 versus revenue of Rs 61.9 crore. Consolidated income can be found in at Rs 1,483.7 crore for the quarter versus Rs 1,621.1 crore in very same duration in 2015. It has strong operating efficiency throughout sectors, with television viewership share increasing for both News and Entertainment networks. (Disclaimer: MoneyControl belongs of the Network18 group. Network18 is managed by Independent Media Trust, of which Reliance Industries is the sole recipient.)
TV18 Broadcast: The business has actually taped combined revenue at Rs 35.2 crore for March FY23 quarter versus Rs 144 crore in matching duration in 2015. Consolidated income for the quarter stood at Rs 1,405.9 crore, compared to Rs 1,496.2 crore income reported in very same quarter previous financial. The business has strong operating efficiency as television viewership share increased for both News and Entertainment networks. (Disclaimer: MoneyControl belongs of the Network18 group. Network18 is managed by Independent Media Trust, of which Reliance Industries is the sole recipient.)
Quick Heal Technologies: The software business has actually published combined loss of Rs 6.64 crore for quarter ended March FY23, versus revenue of Rs 28 crore in very same duration in 2015. Consolidated income plunged 52.5% YoY to Rs 49.3 crore in Q4FY23.
3i Infotech: The IT business has actually gotten a Letter of Acceptance from Indian Oil Corporation, for handled services agreement. This belongs of agreement renewal in the brand-new fiscal year. The overall agreement worth is Rs 16.29 crore for a duration of 3 years.
JTL Industries: As a part of internal re-organisation, the board has actually accepted the resignation of Sanjeev Vaid as Chief Financial Officer of the business with impact from April 17, and has actually selected Dhruv Singla, who is presently a Whole Time Director, as the Chief Financial Officer of the business with instant impact.
Samvardhana Motherson International: The business said the board has actually authorized to get extra 30% stake of Youngshin Motherson Auto Tech (YMAT) from Youngshin Components Co Ltd, Korea. Post conclusion of the deal, the business will hold 80% of equity share capital of YMAT and appropriately YMAT will end up being subsidiary of the business.
Goa Carbon: The calcined petroleum coke maker has actually resumed operations at its Bilaspur system.
Dredging Corporation of India: The board of directors of the business has actually authorized an appointment of T K Ramachandran as Chairman of the business for 6 months with impact from April 1. T K is presently the Chairperson of V O Chidamabaranar Port Authority.
IIFL Finance: The board of directors will satisfy on April 26 to think about issuance of non-convertible debentures, in several tranches on a yearly basis through personal positioning. The business will likewise reveal standalone and combined audited monetary outcomes for the quarter and year ended March 2023 on very same day.
Bank of Maharashtra: The public sector loan provider has actually raised the minimal cost of funds based loaning rate by 10 bps throughout periods, with impact from April 15.
Indo Rama Synthetics (India): Operations of the business are partly impacted due to momentary interruption of production as one of the Contract Labour Union has actually revealed strike. The business remains in constant conversation with the worried agreement labour union to solve the concern agreeably as quickly as possible.
Vipul Organics: The board of directors of the business will satisfy on April 21 to think about the raising of funds by method of preferential concern for business growth and to satisfy the operating capital requirements.
Poonawalla Fincorp: High networth person Sanjay Chamria has actually offered 83 lakh equity shares or 1.08% stake in the non-banking financing business by means of free market deal, at a typical cost of Rs 290 per share, totaling up to Rs 240.7 crore.
360 ONE WAM: Foreign financier FIH Mauritius Investments offered 49.96 lakh equity shares in 360 ONE WAM, erstwhile IIFL Wealth Management, by means of free market deals, which is comparable to 1.4% of paid-up equity, at a typical cost of Rs 420.03 per share. These shares deserve Rs 210 crore.
