Gold Silver Reports (GSR) – Edelweiss Stock Swings After Fourth-Quarter Profit Meets Estimates – Shares of the financial services provider swung between gains and losses and traded at Rs 281 as of 1:30 p.M. after its fourth-quarter profit met analysts estimates.
✅ Net Profit up 46 percent at Rs 248 crore.
✅ Revenue up 35 percent at Rs 2,609 crore.
✅ Premium from insurance business at Rs 305 crore versus Rs 200 crore.
Nagesh Basavanhalli, MD and CEO At Greaves Cotton
✅ Will continue to expand dealership going forward.
✅ Will be increasing our reach going forward.
✅ Will be into the diesel engine, petrol, hybrid and everything depending on consumer demand.
✅ Witnessed 24 percent revenue growth in Q4 with all businesses in gear.
✅ After-market business led by new initiatives aided growth.
✅ Exceptional gain on account of surplus property sold.
Greaves Cotton Pares Losses After Q4 Profit Gains
Shares of the engine maker parred losses and rose as much as 2.9 percent to Rs 128.35 after the company after the company’s profit rose 21 percent during the quarter ended March.
Key earnings highlights (Q4, YoY)
✅ Revenue up 24 percent at Rs 486 crore.
✅ Net profit up 21 percent at Rs 57 crore.
✅ Ebitda up 31 percent at Rs 70 crore.
✅ Margin at 14.4 percent versus 13.7 percent.
✅ Exceptional gain of Rs 13 crore versus Rs 6 crore.
✅ EPS at Rs 2.3 versus Rs 1.9.
Cera Sanitaryware Declines After Q4 Profit Misses Estimate
Shares of the bathroom accessories maker fell as much as 5.9 percent to Rs 3,042 after the company’s profit during January-March period missed estimates.
Key earnings highlights (Q4, YoY)
✅ Revenue up 16 percent at Rs 361 crore.
✅ Net profit down 6 percent at Rs 31 crore.
✅ Ebitda flat at Rs 51.5 crore.
✅ Margin at 14.3 percent versus 16.7 percent.