Thu, Feb 15, 2024 5:26 PM
GIFT City's total banking asset size touches $52 billion in January!
A Flip by Avya Verma
Gujarat Gas reported weak sales with a 6.1% YoY and 20.3% QoQ volume decline, leading to a 4% QoQ decline in EBITDA to Rs5.1bn. Despite this, EBITDA/scm improved 19.1% QoQ to Rs6.4. The company cut volume growth guidance to 5-7% YoY, but raised EBITDA/scm guidance to Rs5-6, leading to a "Hold" rating with a target price of Rs565.
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Surya Roshni Ltd., the steel produer, announced on Thursday, November 7, that it will hold a board meet next Thursday, November 14, to consider a bonus issue of shares. The board will also consider the company's September quarter results, along with a dividend proposal, with the bonus issue, during the meeting, the exchange filing said.
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Prabhudas Lilladher's research report on Gujarat State Petronet: Gujarat State Petronet (GSPL) reported an EBITDA of Rs1.9bn (down 35.9% QoQ, PLe: Rs2.9bn, BBGe: Rs2.3bn). PAT came in at Rs3.9bn (up 83.6%QoQ, PLe: Rs3bn, BBGe: Rs2.8bn). Growth in PAT was on account of ~9x rise in other income. Total volume declined 1.7% QoQ and 18.4% YoY.
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