Mon, Nov 25, 2024 12:23 PM
Kerala Ayurveda Standalone September 2024 Net Sales at Rs 20.03 crore
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Emkay Global has slashed its Nifty target by 4% to 25,000, citing a weak earnings season marked by sluggish consumption and deteriorating cash flows. However, the brokerage emphasised that while earnings trends have softened, they do not signal a cause for alarm. Despite the 10% correction in benchmark Nifty index since September 27, Emkay expects markets to “mark time” in the immediate future.
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India's stock exchanges, NSE and BSE, may face profit declines if the SEBI implements proposed clearing house ownership changes. The regulator suggests diversifying ownership for market stability, impacting bourse earnings. Two options are proposed: a 100% sell-down or a phased reduction to 15% ownership. This adds to revenue pressures from stricter derivatives trading rules.
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Reported Consolidated quarterly numbers for IFB Agro Industries are: Net Sales at Rs 266.79 crore in September 2024 up 11.52% from Rs. 239.24 crore in September 2023. Quarterly Net Profit at Rs. 2.09 crore in September 2024 up 199.52% from Rs. 2.10 crore in September 2023. EBITDA stands at Rs. 9.38 crore in September 2024 up 286.01% from Rs. 2.43 crore in September 2023.
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