The company also declared an interim dividend of Rs 10 per share for the financial year 2024-25 and the record date for ascertaining the names of the shareholders who will be entitled to receive the said dividend is Tuesday, May 14, 2024. The dividend will be paid on or before Wednesday, June 5, 2024.
Arvind SmartSpaces reported its highest-ever sales at Rs 1,107 crore in 2023-24, up 38% from the previous year. The company s net profit increased 62% to Rs 41.6 crore, while revenue from operations grew 33% to Rs 341 crore. The company acquired new projects with a topline potential of Rs 4,150 crore, and is set to deepen its presence in Gujarat, Bengaluru, and Maharashtra. Demand optimism in residential markets is expected to continue in the medium term.
India Business News: Mumbai: Kotak Mahindra Bank has said that RBI's ban on its onboarding of customers digitally could impact the bank's operating profit by Rs 300-500 cr.
As coffee and tea prices spiral on global markets, one of the world’s largest manufacturers has revealed a big jump in profit from New Zealand, outperforming.
BCCL, a subsidiary of Coal India Limited, has wiped out its accumulated losses and recommended a dividend of ₹44.43 crore for the 2023-24 FY. The company registered an operational revenue of ₹14,113.31 crore and a net sales of ₹13,216.17 crore in the same fiscal year, with a profit after tax of ₹1,564.46 crore.
MRPL reported a profit after tax (PAT) of Rs 1,137 crore in the fourth quarter of the financial year 2023-24, with a gross refining margin (GRM) of $11.4 a barrel. The company's revenue from operations stood at Rs 29,190 crore for Q4 2023-24. Additionally, MRPL improved its debt equity ratio from 1.7 to 0.9.
As far as figures are concerned, profit for the fourth quarter is expected to fall around 3% YoY. Key monitorables from the earnings include commentary on NIMs and growth outlook, especially the growth trajectory in the unsecured book.