Tata Motors: Jaguar Land Rover has actually signed up a 30% year-on-year development in retail sales at 1.02 lakh systems for the quarter ended March FY23 driven by Europe (up 47% YoY), UK (up 42%), China (up 29%), Overseas (up 29%) and North America (up 12%), however for the complete year, sales fell 6% to 3.54 lakh systems compared to previous year. Wholesales (omitting China JV) in Q4 at 94,649 systems grew by 24% YoY, and in FY23, increased by 9% to 3.21 lakh systems compared to previous year. Order book stayed strong at 2 lakh systems as sales increased, showing strong customer need, especially for Range Rover, Range Rover Sport and Defender.
Muthoot Finance: The gold loan funding business said board has actually stated an interim dividend of Rs 22 per share (stated value Rs 10 each) for FY23. The overall interim dividend outgo will total up to Rs 883.19 crore.
CreditAccess Grameen: The microfinance business has actually signed up a 24% development in Q4FY23 dispensations at Rs 7,171 crore compared to year-ago duration. Its AUM (properties under management) increased by 27% to Rs 21,032 crore in the exact same duration. Customers increased by 13% to 43.1 lakh since March FY23 quarter, and branches at 1,782 increased by 9% over a year-ago duration.
Axita Cotton: The business has actually gotten agreement from Badsha Textiles, Bangladesh, for Indian raw cotton valuing $3.28 million (Rs 26.92 crore). Its present export order book as on April 6 stands at $6 million (Rs 49.20 crore).
Gulshan Polyols: The business has actually gotten an order for providing of nation alcohol for an amount of 72 lakhs evidence liter in 3 districts of Madhya Pradesh, for FY24. The tender was drifted by Excise Department, Government of Madhya Pradesh.
Adani Wilmar: The food FMCG business has actually signed up a year-on-year volume development of near 14% in FY23, which allowed it to cross Rs 55,000 crore of profits for the year. It closed the fiscal year 2023 with around Rs 3,800 crore of profits in Food & FMCG section, a strong development of about 40% YoY in volumes and 55% YoY in profits terms, while seeding several brand-new opportunities of development throughout the year.
Rail Vikas Nigam: RVNL has actually become the most affordable bidder (L1) for Mumbai Metro line 2B task of MMRDA. RVNL had actually taken part in consortium with Siemens India. Siemens is the lead partner with 60% share & RVNL as consortium partner with 40% share. The cost of task is Rs 378.2 crore.
Mahindra & Mahindra Financial Services: The RBI has actually enforced a financial charge of Rs 6.77 crore on Mahindra & Mahindra Financial Services for non-compliance with the RBI’s Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions.
IIFL Finance: Fairfax-backed non-banking monetary business IIFL Finance has actually protected $100 million in long-lasting financing, collectively, from Export Development Canada (EDC) and Deutsche Bank. The NBFC protected $50 million from EDC and $50 million from Deutsche Bank.
