Sensex Today Live Updates: Sensex, Nifty up at open, amid mixed global cues; Timken, Nalco shares climb, Inox Wind falls
₹657.21 crore in March 2024. The quarterly net profit rose by 74.73% to ₹67.13 crore, and EBITDA increased by 68.4% to ₹108.38 crore.Sensex Today Live : The company reported a 128% jump in profit to ₹22.2 crore from ₹9.7 crore the previous year.
However, revenue dropped by 12.5% to ₹300.3 crore from ₹343.4 crore. The company also reported exceptional gains of ₹13.13 crore.Sensex Today Live : The company reported a net loss of ₹53.3 crore compared to a profit of ₹10.5 crore the previous year.
Revenue fell by 8.4% to ₹283.1 crore from ₹309 crore.Sensex Today Live : The company reported a widening net loss of ₹1,989.7 crore compared to a loss of ₹1,720.6 crore the previous year. Revenue fell by 19.4% to ₹407 crore from ₹504.8 crore.
The company also reported an exceptional loss of ₹402.7 crore.Sensex Today Live : The company’s promoter entity IWEL might sell up to 5% stake in the company through block deal soon.Sensex Today Live : The company will see a block trade of 3.4% equity in the company as shareholder Ontario Inc plans to sell shares worth ₹468.40 crore.Sensex Today Live : Navaratna PSU miner Nalco reported a net profit of ₹996.70 crore in Q4FY24, doubling its profit from a year ago. Despite a marginal 2.5% YoY decrease in revenue, the company’s margin came in strong at 30.9%.Sensex Today Live : Timken Singapore is planning to sell a 6.6% stake in Timken India, amounting to approximately ₹1,775 crore ($213 million).
The shares are being offered at a discounted floor price of ₹3,550 per share. This is not the first time the promoters have explored a stake sale, with a previous sale occurring on 20 June last year.Sensex Today Live : "BankNifty crossing above the 49,200 zone has improved the bias and can expect for
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