Reported Standalone quarterly numbers for Interarch Building Products are: Net Sales at Rs 323.28 crore in September 2024 up 8.55% from Rs. 297.82 crore in September 2023. Quarterly Net Profit at Rs. 20.67 crore in September 2024 up 36.18% from Rs. 15.18 crore in September 2023. EBITDA stands at Rs. 30.19 crore in September 2024 up 32.88% from Rs. 22.72 crore in September 2023.

Reported Standalone quarterly numbers for Spandana Sphoorty Financial are: Net Sales at Rs 640.36 crore in September 2024 up 9.59% from Rs. 584.30 crore in September 2023. Quarterly Net Loss at Rs. 203.93 crore in September 2024 down 275.33% from Rs. 116.31 crore in September 2023. EBITDA stands negative at Rs. 22.84 crore in September 2024 down 105.96% from Rs. 383.05 crore in September 2023.

Reported Standalone quarterly numbers for Skipper are: Net Sales at Rs 1,109.74 crore in September 2024 up 43.68% from Rs. 772.37 crore in September 2023. Quarterly Net Profit at Rs. 33.94 crore in September 2024 up 78.76% from Rs. 18.98 crore in September 2023. EBITDA stands at Rs. 115.81 crore in September 2024 up 53.25% from Rs. 75.57 crore in September 2023.

Nila Infrastructures' quarterly net sales decreased by 0.42% to Rs 39.13 crore in September 2024, but quarterly net profit surged 112.38% to Rs 5.31 crore, with EPS increasing to Rs 0.14 from Rs 0.06. Nila Infra shares closed at 11.22 on October 25, 2024, with 0.18% returns over the last 6 months and 76.69% over the last 12 months.

Reported Standalone quarterly numbers for LG Balakrishnan and Brothers are: Net Sales at Rs 623.67 crore in September 2024 up 8.81% from Rs. 573.18 crore in September 2023. Quarterly Net Profit at Rs. 77.71 crore in September 2024 up 2.63% from Rs. 75.72 crore in September 2023. EBITDA stands at Rs. 122.02 crore in September 2024 up 6.92% from Rs. 114.12 crore in September 2023.

The domestic primary market was bustling in Samvat 2080, with a flurry of high-profile initial public offerings (IPOs) and strong market debuts grabbing investor interest, largely driven by positive market sentiment. A total of 332 companies, including both SME and mainboard, went public, reflecting strong investor enthusiasm and increased corporate confidence.

Bharat Electronics is on track to meet its full-year order intake guidance of Rs250bn, with potential additions from QRSAM and other programs, and streamlining of LRSAM and big-ticket items. The company's strong quarterly performance and indigenization efforts are expected to drive margin expansion, leading to a "Buy" rating with an unchanged target price of Rs341.

PSU lender Canara Bank Ltd on October 29 reported 11% rise in net profit at Rs 4,015 crore for the quarter ended September 30, 2024.Its total income rose 10% to Rs 34,721 crore in Q2FY25.At 12:55 pm on October 29, Canara Bank's shares were trading 1% higher at Rs 101.66 apiece. The bank's gross NPA (non-performing asset) ratio decreased to 3.73% for the September 2024 quarter.

Afcons Infrastructure's ₹5,430-crore IPO secured full subscription on the third and final day, with non-institutional investors showing the most interest, subscribing 2.32 times their reserved portion. The IPO has been subscribed 1.04 times so far. Afcons Infrastructure's ₹5,430-crore IPO secured full subscription on the third and final day, with NIIs showing the most interest.

The new share buyback tax rules, which came into effect on October 1, are bound to significantly impact shareholders' tax outgo as well as corporate capital allocation strategies. These rules, announced in Budget 2024, will lead to a shift of the tax burden from companies to shareholders, treating buyback proceeds as deemed dividends, which will be taxed at the shareholders' income tax slab rates.

Prabhudas Lilladher's research report on Federal Bank: FB reported a strong quarter as core PAT beat PLe by 7.3% led by better fees and controlled opex/provisions. While loan growth of 4.3% QoQ was led by retail/SME, reported NIM declined by 4bps QoQ, due to 7bps impact related to reclassification of penal interest to fees. Adjusting for this impact, fees were higher.

Voltamp Transformers reported decent quarterly performance with 4.3% YoY revenue growth and EBITDA margin expansion. Domestic demand remains strong, driven by public and private capex, energy security, and energy transition. The company's capacity expansion plan is on track, and its healthy demand momentum, debt-free balance sheet, and high-margin services business support a 'Buy' rating.

MSME-focused non-banking financial company (NBFC) Finova Capital Private Limited (FCPL) has raised $135 million (approximately Rs 1,120 crore) in a Series E funding round led by Avataar Venture Partners, Belgium-based investment fund Sofina, and Madison India Capital. Moneycontrol had exclusively reported on the deal in September and Finova's grand fundraise plan from the said investors.

Central Depository Services Limited (CDSL) reported strong Q2 results, with a 48% year-on-year increase in net profit to ₹162.02 crore and a 55% jump in revenues to ₹322.26 crore, driven by higher IPO and corporate action revenue, strong KYC revenue, and e-voting. CDSL's total demat accounts reached 13.5 crore, with 1.18 crore new accounts opened in the September quarter.

India has taken the lead in the global IPO landscape, securing a 36% share of total listings in Q3 2024, significantly surpassing the United States, which held a 13% share. What Happened: India recorded the highest quarterly listings in the third quarter over the past 20 years, according to a report by Ernst & Young India. The main market recorded 27 IPOs showing a 29% increase from Q3 2023.