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Arvind SmartSpaces Q3 net takes 75% hit on Covid-induced disruption

The Covid-19 pandemic-induced disruption in the real estate market saw Arvind SmartSpaces Ltd took take a 75 per cent hit on its consolidated net profit for the third quarter of financial year 2020-21 at Rs 5.33 crore. Last year, the real estate company of Arvind Group had a consolidated net profit of Rs 20.84 crore in the third quarter.
The company s consolidated total revenue dipped by 53 per cent to Rs 44.68 crore in Q3 of FY21 as compared to Rs 94.54 crore in the said quarter last year.
However, the company recorded a 138 per cent growth in fresh MIS sales for the quarter which stood at Rs 144 crore, as against Rs 61 crore in the corresponding period last year. According to the company s filing with stock exchanges, while financial performance was based on project completion as per applicable accounting standards, there was a strong momentum in sales with fresh bookings and healthy pipeline. ....

Kamal Singal , Arvind Smartspaces , Arvind Smartspaces Ltd , Arvind Group , Managing Director , கமல் ஒற்றை , அரவிந்த் குழு , நிர்வகித்தல் இயக்குனர் ,

Arvind SmartSpaces announces Results for the quarter and nine months ended Dec 31, 2020

Arvind SmartSpaces announces Results for the quarter and nine months ended Dec 31, 2020
Posted On:
2021-01-28 02:47:23
(Time Zone: Arizona, USA)
Arvind SmartSpaces Limited (ASL), India s leading real estate development company announced today its financial results for the quarter and nine months ended on Dec 31, 2020.
- The company recorded a 138% growth in fresh MIS sales for the quarter which stood at Rs. 144 Crores (Rs. 61 Crores last year).
- The company has recorded Consolidated Revenue for the quarter ended Dec 31, 2020 Rs. 44.5 Crores as against Rs. 94.2 Crores during the same period of the last year (Down by 53%).
- The consolidated EBITDA for the quarter ended Dec 31, 2020 is Rs. 14.4 Crores as against Rs. 39.1 Crores for the same period of last year. ....

United States , Kamal Singal , Arvind Smartspaces , Arvind Smartspaces Ltd , Arvind Smartspaces Limited , Time Zone , Smartspaces Limited , Consolidated Revenue , Managing Director , ஒன்றுபட்டது மாநிலங்களில் , கமல் ஒற்றை , நேரம் ஸோந் , தொகுக்கப்பட்டு வருவாய் , நிர்வகித்தல் இயக்குனர் ,

Eris Lifesciences Q3 net up 42% to Rs 90 cr, total income rises by 14%

Ahmedabad-based drug maker Eris Lifesciences Ltd. has posted a 42 per cent rise in its consolidated net profit for the third quarter of financial year 2020-21 at Rs 90.1 crore. Last year the company registered a consolidated Q3 net profit of Rs 63.4 crore.
The company s consolidated total income grew by 14 per cent to Rs 313.4 crore in the said quarter, as compared to Rs 274.8 crore in Q3 the previous fiscal.
Overall, the company saw decent growth in its product segments, led by cardio metabolic and vitamin-mineral-nutrients (VMN). Excluding Covid molecules, the company saw a year-on-year (YoY) growth of 15.6 per cent as against a five per cent growth by the Indian Pharmaceutical Market (IPM) in Q3 of FY 21. ....

Arvind Smartspaces , Eris Lifesciences Ltd , Eris Lifesciences , Excluding Covid , Indian Pharmaceutical Market , Eris Lifescience , எரிஸ் ஆயுள் அறிவியல் லிமிடெட் , எரிஸ் ஆயுள் அறிவியல் , இந்தியன் மருந்து சந்தை ,

market outlook: Ahead of Market: 12 things that will decide stock action on Thursday

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NEW DELHI: Nifty again touched its lifetime high, but shied away from breaching the crucial mark of 14,000 in today s trade and formed a Dragonfly Doji formation for the day, signalling indecisiveness in the market. Nifty continued its winning streak for the sixth consecutive session, but the recent indecisive candles call for caution with the trade.
Rohit Singre, Senior Technical Analyst at LKP Securities said, The index has reached its immediate and strong hurdle zone of 14,000-mark and if Nifty managed to hold above the 14,000-mark, then only we may see the current bullish momentum to extend further towards the 14,200 zone. Otherwise, some profit booking can be witnessed and the index is likely to trade in the range of 13,800-14,000 zone. ....

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market outlook: Ahead of Market: 12 things that will decide stock action on Thursday

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NEW DELHI: Continuing its recovery path, the Nifty gained 1 per cent on Wednesday forming a bullish candle on the daily chart.
Rohit Singre, Senior Technical Analyst at LKP Securities said, “On the hourly chart, it seems index is in V-shaped recovery and if it turns to be true then we may see a current pullback to extend further towards 13,775, which is previous swing high and on other hand, good supports are formed near 13,550-13,460 zone.”
Market is continuing its rally amidst concerns over new virus strain, lockdown and weak global cues, fueled by IT, mid and smallcaps. The additional stimulus announced in the US did not gain much momentum in the global market as the quantum of the benefit was well-factored, but Europe and EMs are maintaining buoyancy. In the coming days, the market will also focus on Brexit trade deals, which are expected to be finalized soon and fallout in the economy due to strict lockdown, said Vinod Nair, Head of Research at G ....

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