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Indian benchmark equity indices ended lower, Nifty ends at around 18,000, Sensex falls 236 points dragged by FMCG, Metal and pharma. The Sensex is down 0.39% and the Nifty 50 index is down 0.44%.
Broader markets also closed lower. The BSE Midcap down 0.66% and the BSE Samllcap was lost 0.50%.
Top gainers among Nifty sectoral indices were IT [0.29%], Power [0.21%], Aviation [0.59%], and Bank [0.29%]. The top losers were FMCG [-1.13%] and Chemicals [-1.56%]
Indian rupee was up 23 paise to 81.12 against the US dollar on Friday.
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Heritage Foods: The company has posted 32.5 percent fall in its Q3 net profit at Rs 13.7 crore against Rs 20.5 crore and revenue was up 17.8 percent at Rs 785.9 crore versus Rs 667 crore, YoY.
Ramkrishna Forgings: The company has reported 34.6 percent jump in its Q3 net profit at Rs 61 crore versus Rs 45.3 crore and revenue was up 29.3 percent at Rs 777.5 crore versus Rs 601.3 crore, YoY.
Jubilant FoodWorks: It plans to add 3,000 Domino’s stores in next 12-18 months, and 40-50 stores for Popeyes India in next 12-18 months. Under capex plan, Rs 900 crore will be funded entirely through internal accruals over a period for 12-18 months.
IndiaMART: InterMESH clocked a massive 61% year-on-year growth in profit at Rs 113 crore for quarter ended December FY23, backed by other income that jumped 367% to Rs 102 crore for the quarter. Revenue from operations grew by 34% YoY to Rs 251 crore driven by 24% increase in number of paying subscription suppliers and addition of Rs 10 crore revenue from accounting software services. However, EBITDA declined 11% to Rs 70 crore and margin contracted 14 percentage points to 28% for the quarter compared to year-ago period.
Union Bank of India: The bank has posted net profit at Rs 2,244.8 crore versus Rs 1,085.4 crore and net interest income is up 20.3% at Rs 8628.1 crore versus Rs 7174.4 crore, YoY.
GPT Infraprojects: The infra company has received oders from Bridge & Roof Company (I) Limited, A Government of India Enterprise, Kolkata worth Rs 270 crore for construction of rail flyover between Allahabad – Bamhrauli comprising of earth work, pile foundation, composite steel girder, RCC deck slabs, ROB, utilities shifting and other allied works.
DCM Shriram: The company has posted net profit at Rs 342.1 crore versus Rs 349.6 crore YoY and revenue is up 21.2% at Rs 3,383.7 crore versus Rs 2,790.8 crore, YoY.
Atul: The company has posted 32.2 percent fall in its Q3 net profit at Rs 105.1 crore versus Rs 155 crore while revenue is down 8 percent at Rs 1,268.2 crore versus Rs 1,380.3 crore, YoY.
Blue Dart Express: Mr. V. N. Iyer, Sr. Vice President, Finance & Accounts of the Blue Dart Express, has been appointed as acting interim Chief Financial Officer and as Key Managerial Personnel (KMP) of the company.