Sensex Live | Share Market Live Updates: Sensex, Nifty expect strong start; Gift Nifty in green
₹37,632 crore from Indian equities during 2022-23, which is a 73.1% decline in outflows as compared to 2021-22.This upcoming week also features highly anticipated reports on inflation from the US. Inflation came down to 3% in June.
But many economists and professional investors say the toughest part may still be ahead as the Fed tries to get inflation down toward its 2% target.Reliance Industries' attrition rates rise, Godrej Consumer Products' net profit falls, Paytm Payments Services appoints new auditor, Tata Chemicals' net profit declines, HDFC Bank's weightage in index grows, Emami's net profit rises, Inox Wind's promoter plans to reduce ownership, PB Fintech's net loss narrows, Torrent Pharma's net profit increases, MMTC's stockbroker license cancelled. (Read More)Torrent Pharmaceuticals Ltd.
released its financial results for the June quarter (Q1 FY24), recording a consolidated net profit of ₹378 crore. This marked a 7% increase compared to the same period in the previous year.
The company's revenue also experienced growth, reaching ₹2,591 crore in the quarter under review, up from ₹2,347 crore reported in the corresponding quarter of the prior year.The Earnings before interest, tax, depreciation, and amortization (EBITDA) totaled ₹791 crore, leading to an EBITDA margin of 31%. The net profit margin was reported at 14.6%.During the quarter, Torrent Pharma allocated ₹129 crore, reflecting a 6% increase compared to the previous year.
The debt to equity ratio rose to 0.74x in the first quarter of the current fiscal year, up from 0.60x in the same quarter of the preceding fiscal year. (Read More)PB Fintech released their April to June quarter results on Monday and posted a net consolidated loss of ₹11.9 crore which
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