Author: Legal Parivar

Mankind Pharma announced a net profit of Rs 477 crore for the March quarter of FY24, marking a significant 62.3% increase from Rs 294 crore recorded in the previous year. The Delhi-based pharmaceutical company also reported a notable 18.9% growth in revenue, reaching Rs 2,441 crore compared to Rs 2,052 crore in the corresponding period last year. In terms of operating performance, EBITDA increased to Rs 591 crore from Rs 417 crore in the same period last fiscal, with an EBITDA margin of 24.2% compared to 20.3% previously.

CMS Info Systems, a company specializing in cash management and payment solutions, reported a 23.3% year-on-year (YoY) increase in consolidated profit after tax (PAT) to Rs 99.4 crore for the January-March quarter of FY24, up from Rs 80 crore recorded in the same period last year.

In the fourth quarter of the fiscal year 2024, urban unemployment in India experienced a sequential rise, as per the latest data from the Periodic Labour Force Survey (PLFS). The overall urban unemployment rate increased from 6.5% in the previous quarter to 6.7%. However, this rate was lower than the 6.8% recorded a year ago.

Silkflex Polymers saw a commendable market debut on May 15, 2024, as its shares commenced trading at ₹60 each on the NSE SME platform, indicating a premium of 15.38% over the issue price of ₹52. Following the listing, the stock surged to ₹63, marking a significant 21.15% jump over the issue price.

TGIF Agribusiness made a remarkable entry into the BSE SME market today, as its shares opened at ₹150, marking a substantial 61.29% increase from the issue price of ₹93. However, despite the positive debut, the stock encountered a 5% lower circuit, indicating a halt in trading activity.

Aadhar Housing Finance IPO had a modest debut on the stock exchanges today, with the stock listing at ₹315 on NSE, the same as its issue price, and at ₹314.30 on BSE, representing a marginal discount of 0.22 percent. The IPO, which was open for subscription from May 8 to May 10, 2024, with a price band of ₹300-315, garnered significant attention from investors. Anchor investors contributed ₹898 crore to the IPO on May 7. Allocating 35 percent of the issue size to retail investors, 15 percent to non-institutional investors (NIIs), and 50 percent to eligible institutional purchasers, the Aadhar…

TBO Tek’s share price surged by 50% in early trading on Wednesday, opening at ₹1,380 apiece, significantly higher than the issue price of ₹920.

In March 2024, Zomato reported net sales of Rs. 1,824.00 crore, marking a 51.14% increase from Rs. 1,206.80 crore in March 2023. The quarterly net profit for March 2024 stood at Rs. 396.00 crore, showing a significant rise of 117.94% from Rs. 181.70 crore in March 2023. Additionally, EBITDA reached Rs. 458.00 crore in March 2024, up by 120.09% from Rs. 208.10 crore in March 2023.

DLF reported a 61.5 percent increase in its net profit for Q4FY24, reaching Rs 921 crore, and a 33 percent year-on-year growth in net profit for the full fiscal, totaling Rs 2,733 crore. The company’s revenue for the March quarter surged nearly 47 percent year-on-year to Rs 2,135 crore, while consolidated revenue for FY24 stood at Rs 6,958 crore.

On May 15, Cipla witnessed a 4 percent surge in its share price during the opening trade session, following three block deals on the exchanges. These transactions involved approximately 2.04 crore shares, representing a 2.52 percent stake in the drugmaker Cipla.