Akshar Spintex reported strong standalone quarterly numbers for December 2023, with a 44.36% increase in net sales, 47.37% increase in net profit, and 18.27% increase in EBITDA compared to the same period in 2022. However, EPS decreased from Rs. 0.19 to Rs. 0.03. The company's stock closed at 5.08 on January 31, 2024.
Open FlipIn the December 2023 quarter, Surbhi Industries reported an increase in net sales by 36.55% compared to the same period in 2022. However, there was a net loss of Rs. 0.03 crore, which is a significant improvement from the previous year's loss of Rs. 1.87 crore. EBITDA also saw a significant increase of 240.98%.
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Open FlipIndia Motor Parts and Accessories reported its standalone quarterly results for December 2023. Net sales were at Rs. 182.00 crore, down 2.13% from the same period in 2022. However, net profit saw a 13.05% increase to Rs. 14.90 crore, with EBITDA rising by 8.27%. The company's EPS also increased from Rs. 10.56 to Rs. 11.94.
Open FlipTexmaco Infrastructure & Holdings has reported its standalone quarterly results. Net sales decreased by 5.16% to Rs. 2.28 crore in December 2023. However, net profit increased by 75.19% to Rs. 0.57 crore and EBITDA saw a slight increase of 1.44%. EPS also increased from Rs. 0.03 to Rs. 0.04. The stock has performed well.
Open FlipReal estate developers are hoping for infrastructure status in the 2024 interim union budget, which will bring transparency and access to cheaper capital. The Indian real estate sector is estimated to reach $1.04 trillion by 2029, but remains largely unorganized. Experts say this move will also streamline regulations and promote sustainable development.
Open FlipTriveni Engineering and Industries reported quarterly results for December 2023, with net sales at Rs. 1,553.38 crore, up 6.3% from the previous year. Quarterly net profit decreased by 6.3%, while EBITDA also saw a decline of 6.84%. Triveni Engg EPS increased to Rs. 6.26, while its shares closed at 342.25 on January 31, 2024.
Open FlipThomas Cook (India) reported positive standalone quarterly numbers for December 2023. Net sales increased by 27.86%, while net profit saw a significant rise of 194.47%. EBITDA also showed growth of 228.66%. Thomas Cook's EPS increased to Rs.0.24 from Rs.0.25 in the same quarter last year. The company's shares closed at Rs.172.85 on January 31, 2024.
Open FlipSuzlon Energy has reported a slight decrease in net sales but a significant increase in net profit for the December 2023 quarter compared to the same period in 2022. EBITDA has also seen a considerable growth, leading to an increase in EPS. The company's stock closed at a high of 45.95 and has shown impressive returns in the last 6 and 12 months.
Open FlipBlue Star has seen an increase in its standalone quarterly numbers with a 24.64% growth in net sales and a 47.23% increase in net profit in December 2023 compared to the same period in 2022. The company's EPS decreased from Rs. 5.41 to Rs. 3.73, and its shares have given 45.42% returns over the last 6 months and 85.44% over the last 12 months.
Open FlipExperts predict that there will be no major announcements for cigarette and alcohol industries in Interim Budget. However, some relaxation on commodity costs is expected and there may be delays in reaching the 20% ethanol blending target for FY25. Stocks likely to be affected by these announcements include United Spirits, United Breweries, Radico Khaitan, ITC, VST Industries, and Godfrey Phillips.
Open FlipThe oil and gas industry is hoping for budget announcements that support green energy transition and reforms to promote cleaner fuels in India. Finance Minister Nirmala Sitharaman will present the budget on February 1, but major decisions may be postponed until after a new government is formed. The industry is also advocating for petroleum products to be included under GST.
Open FlipGita Renewable Energy recently reported its standalone quarterly results, showing a decline in key financial metrics. Net sales decreased by 65% to Rs. 0.02 crore in December 2023 from the previous year, while net profit saw a significant decrease of 93.01%. EBITDA also dropped by 93.04%, and EPS decreased from Rs. 15.24 to Rs. 1.07.
Open FlipInterim Union budget for 2024-25 may bring changes to the affordable housing sector, with potential increase in the threshold limit and area limit for affordable housing units. This has been a long-standing demand of real estate developers and homebuyers. The industry hopes for a separate affordable housing index for Tier-1 and 2 cities, as well as incentives for affordable rental housing schemes.
Open FlipKamat Hotels (India) reported a 1.49% decrease in Net Sales, but a significant increase of 79.99% in Quarterly Net Profit in December 2023 compared to December 2022. The company's EPS has also increased from Rs.9.75 to Rs.16.78 and their shares have given a return of 36.62% over the last 6 months and 147.15% over the last 12 months.
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