News Overview

Meghmani Organics has commenced backward integrated Multi Product Plant situated at Dahej, Gujarat on 09 November 2022 to manufacture high value insecticides. This initiative is in line with Atmanirbhar Bharat initiative by Govt. of India and is in continuation to our strategic decision to meet growing agrochemical demand in domestic and Global market. The total capacity of this Plant will be 5000 TPA and total […]

Refex Industries Ltd, Ind-Swift Laboratories Ltd, Khaitan (India) Ltd and Country Condos Ltd are among the other gainers in the BSEs B group today, 09 November 2022.

With effect from 07 November 2022

Godrej Consumer Products consolidated net profit declined 25.1% to Rs 358.86 crore despite of 7% rise in net sales to Rs 3,364.45 crore in Q2 FY23 over Q2 FY22.

Sales decline 2.91% to Rs 959.03 crore

Sales rise 170.43% to Rs 10.79 crore

Total Operating Income rise 20.09% to Rs 4993.82 crore

The specialty chemical makers consolidated net profit rose 19.1% to Rs 35.73 crore on 3.8% increase in revenue from operations to Rs 389.23 crore in Q2 FY23 over Q2 FY22.

Keystone Realtors Limited (Rustomjee) is coming up with an IPO to raise Rs635 crore. In conversation with Sheetal Agarwal of IIFL, Boman Rustom Irani, Chairman and Managing Director of the IPO bound company discusses its future plans.

Ceat and MRF reported similar trend in Q2FY23 from a revenue growth perspective, but showed contrasting picture in margins.