News Overview

The company reported a 15% yoy growth in consolidated Revenue at Rs3,677 crore in Q1FY23.

The Company has sold the factory land & building/structure situated at Coimbatore unit.

The Labor Department released a report showing a modest increase in first-time claims for U.S. unemployment benefits in the week ended July 30th. The report showed initial jobless claims crept up to 260,000, an increase of 6,000 from the previous weeks revised level of 254,000. The Labor Department said the less volatile four-week moving average also edged up to 254,750, an increase of 6,000 from […]

PBT stood at Rs50.3 crore for Q1 FY23 compared to Rs27.2 crore in Q1 FY22, an increase of 84.6%.

The company outlined that the positive results were mainly on account of increased gas marketing and transmission volumes, better marketing spread, and higher product prices.

EBITDA of Rs176 million; Margin of 22.3%.

The Company registered consolidated revenue of Rs3,333 crore for Q1FY23, a growth of 104%.

Reflecting a jump in exports and a modest decrease in imports, the Commerce Department released a report showing the U.S. trade deficit narrowed by more than expected in the month of June. The trade deficit narrowed to $79.6 billion in June from a revised $84.9 billion in May. The decrease in the size of the trade deficit came as the value of exports surged by […]

The Indian rupee is expected to stay cautious in opening trades on Friday, ahead of crucial RBI monetary policy. The Reserve Bank of Indias rate-setting panel on Wednesday (3 August) began its three-day deliberations on the next bi-monthly monetary policy. The Monetary Policy Committee is scheduled to announce its decision today, 5 August 2022. While a 25 bps hike is ruled out, market opinions are […]

Housing Development Finance Corporation announced the completion of the USD 1.1 billion Syndicated Social Loan Facility for the financing of affordable housing in India. The loan has been priced competitively at a margin of 90 bps over SOFR (Secured Overnight Financing Rate). This transaction marks several meaningful milestones, including Indias largest social financing issuance, the largest social loan globally, the first social ECB loan out […]