Story by: Aseem Thapliyal Produced by: Harshita
Benchmark indices ended higher on Friday amid positive domestic and global cues. The 30-share BSE Sensex gained 629 points to 62,501 and Nifty climbed 178 points to 18,499.
Sun Pharmaceuticals Industries Ltd (Sun Pharma) reported a consolidated net profit of Rs 1,984.47 crore for the March quarter compared with a profit of Rs 2,166 crore in the previous quarter and a loss of Rs 2,277.25 crore in the same quarter last year.
Mahindra & Mahindra (M&M) reported a 22% YoY rise in standalone net profit at Rs 1,548.97 crore for the March quarter compared with Rs 1,268.55 crore in the corresponding quarter last year.
Shares of Vedanta will turn ex-dividend on May 30, 2023. The metal and mining firm has announced an interim dividend of Rs 18.50 per share.
State-owned SAIL reported over 50% fall in its consolidated net profit to Rs 1,159.21 crore for the quarter ended March against a net profit of Rs 2,478.82 crore during the January-March quarter of the preceding 2021-22 financial year.
Grasim reported a 88.5% on-year fall in its March quarter standalone net profit at Rs 93.51 crore while the revenue from operations rose 4.2% to Rs 6,645.83 crore.
Shares of ITC will turn ex-dividend on May 30, 2023. The FMCG firm has announced a dividend of Rs 6.75 per share and a special dividend of Rs 2.75 per share.
Auto component maker Samvardhana Motherson's consolidated net profit zoomed a massive 436% for the quarter ended March to Rs 654 crore, compared with Rs 122 crore in the same period last year.
Shares of Info Edge (India) will be tracked next week after the firm reported a consolidated loss of Rs 503.19 crore for the fourth quarter ended March 2023 against a net profit of Rs 719.51 crore in the corresponding quarter of the previous fiscal.
Net profit for GMM Pfaudler more than doubled to Rs 36 crore in the March 2023 quarter. This includes Rs 19 crore of exceptional Mumbai property sales. Revenues rose 24 percent year on year to Rs 866 crore.
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