NMDC
NMDC declared its Q4 results of 2023-24. It reported a 38 per cent decline in its consolidated net profit to Rs 1,415.62 crore. The state-owned iron ore miner informed that its total income increased to Rs 6,908.37 crore in the quarter from Rs 5,842.52 crore in the same period a year ago. The company’s expenses jumped to Rs 4,519.64 crore from Rs 3,794.18 crore in the last quarter of FY23.
Adani Energy Solutions
Adani Energy Solutions board has given the green signal to the proposal to raise up to Rs 12,500 crore through issue of equity shares on qualified institutional placement basis or other modes. The company will seek shareholders’ nod for the same at the annual general meeting scheduled to be held on June 25, 2024.
LIC
In its Q4 2023-24 Results, Life Insurance Corporation (LIC) reported a slight 2 per cent increase in net profit at Rs 13,763 crore. The insurance behemoth’s profit stood at Rs 13,428 crore in the corresponding quarter a year earlier. The insurer informed the exchanges that its total income increased to Rs 2,50,923 crore from Rs 2,00,185 crore in the same period of 2022-23.
Dish TV
Direct-to-home broadcast service provider Dish TV India declared its Q4 Results of 2023-24. The com[any’s loss widened to Rs 1,989.69 crore in the quarter, while Its revenue from operations dipped 19.38 per cent to Rs 406.95 crore. Exceptional items of Rs 402.7 crore for the quarter and fiscal ended March 2, it informed in its regulatory filing.
Senco Gold
Leading jewellery chain Senco Gold Ltd announced that its hoping to record 15-20 per cent growth in revenue and profit in the current fiscal. Senco has plans to open 15-20 new stores in 2024-25, of which around 50 per cent will be franchisee-owned.
“We are looking at a growth of 15 per cent as a conservative estimate, which may go up to 20 per cent in normal circumstances, in both revenue and profit in FY’25,” Senco Gold MD & CEO Suvankar Sen told PTI.
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Stocks to watch today: The shares of NMDC, Adani Energy Solutions, Life Insurance Corporation (LIC), Dish TV, and Senco Gold are expected to remain in focus on Tuesday. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
