Mon, Nov 25, 2024 2:36 PM
Minda Corp Consolidated September 2024 Net Sales at Rs 1,290.01 crore
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Reported Standalone quarterly numbers for Bhakti Gems and Jewellery are: Net Sales at Rs 24.67 crore in September 2024 up 140.68% from Rs. 10.25 crore in September 2023. Quarterly Net Profit at Rs. 0.20 crore in September 2024 up 435.15% from Rs. 0.04 crore in September 2023. EBITDA stands at Rs. 0.38 crore in September 2024 up 111.11% from Rs. 0.18 crore in September 2023.
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Reported Standalone quarterly numbers for Palm Jewels are: Net Sales at Rs 49.53 crore in September 2024 up 46.59% from Rs. 33.79 crore in September 2023. Quarterly Net Profit at Rs. 0.24 crore in September 2024 up 816.15% from Rs. 0.03 crore in September 2023. EBITDA stands at Rs. 0.37 crore in September 2024 up 208.33% from Rs. 0.12 crore in September 2023.
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Brokerage Prabhudas Lilladher has slashed its Nifty target by 1.7% to 27,381 and has reduced weight on Reliance Industries, Hindustan Unilever, ITC, and Nestle India in its model portfolio. The revision reflects macroeconomic pressures, including persistent inflation, sluggish urban demand, and moderated EPS projections for FY25–27, the brokerage said.
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