News Overview

On 30 May 2022

Consolidated Total revenue from operations for Q4FY22 was reported at Rs1,707 crore, down by 4.1% yoy against Q4FY21.

HEG surged 5.23% to Rs 1068 after the companys consolidated net profit rose 13.91% to Rs 129.27 crore on 12.68% rise in net sales to Rs 673.06 crore in Q4 March 2022 over Q3 December 2021.

For FY22, revenues increased to Rs1,666 crore, up by 55% yoy against Rs1,075 crore in FY21, reflecting a sharper growth from a significantly covid impacted last year.

The Bank of Korea lifted its key interest rate by a quarter point for the second straight meeting to tackle high inflation. The Monetary Policy Board decided to lift the Base Rate by 25 basis points to 1.75 percent from 1.50 percent. The economy is forecast to grow 2.7 percent this year, somewhat below the February forecast of 3.0 percent. The bank raised its inflation […]

On 30 May 2022

The rating agency has reviewed total bank facilities worth Rs1,378.25 crore.

The company has reported an EBITDA of Rs232.10 crore in FY22 as against Rs259.40 crore in FY21, down by 10.52% yoy.

Motherson Sumi Wiring India reported 73% fall in net profit to Rs 46 crore despite a 10% rise in revenues to Rs 1,662 crore in Q4 FY22 over Q4 FY21.

To 30 May 2022