Edtech investing firm GSV Ventures plans to make follow-on investments in their Indian portfolio companies this year, according to Managing Partner Deborah Quazzo. Despite challenges in the sector, she remains optimistic about the Indian edtech market and its potential for growth. With a focus on global edtech startups, GSV Ventures has invested in 11 Indian companies and manages $800 million.
Open FlipOn Monday, the Indian rupee gained 7 paise against the US dollar, closing at 83. This was due to a weaker dollar and lower crude oil prices. However, domestic markets and foreign fund outflows limited the gains. The rupee is expected to remain slightly positive with support from global equities and a weaker dollar. The upcoming CPI and IIP data will be important for traders.
Open FlipState-owned NHPC's shares plummeted 16 percent after posting a 19 percent decrease in consolidated net profit for the December quarter. Their stock ended at Rs 81.03 on the BSE and Rs 98.45 on the NSE, with a high trading volume. NHPC reported a net profit of Rs 628.44 crore, down from Rs 775.99 crore, due to higher expenses. Total income also fell to Rs 2,549.69 crore.
Open FlipShares of Dr Reddy's Laboratories Limited rose 3% on February 12 after the US FDA cleared their Bachupally facility with a voluntary action needed status. This classification allows the facility to manufacture and market products. Despite previous concerns, analysts had anticipated a warning letter, but the company clarified that they responded to observations promptly. In Q3 results.
Open FlipKedia Construction reported a standalone net sales of Rs 0.04 crore in December 2023, down 40% from the same period last year. The quarterly net loss also decreased by 114.16% to reach Rs 0.00 crore. EBITDA was at Rs 0.00 crore, a decrease of 100%, and shares closed at Rs 2.45 on November 29, 2017. The company's expenses, including raw materials.
Open FlipNila Infrastructures has reported standalone quarterly numbers for December 2023, with net sales of Rs. 34.40 crore, up 21.17% from the same period in 2022. Their net profit also increased by 391.1%, with an EPS of Rs. 0.08. The company's shares have seen a 160.19% return over the last 6 months and 116.13% over the last 12 months.
Open FlipOmaxe reported a strong quarter in December 2023, with net sales increasing by 54.99% and net loss decreasing to Rs. 36.45 crore. EBITDA remained negative but improved by 67.49%. The company's shares closed at Rs. 107.65 on February 09, 2024, showing returns of 131.26% over the last 6 months and 78.97% over the last 12 months.
Open FlipIn the most recent quarterly report, Chemcon Speciality Chemicals saw a 30.72% decrease in net sales and a 60.88% decrease in net profit compared to the same period last year. EBITDA also decreased by 46.07%. The company's EPS dropped from Rs. 3.10 to Rs. 1.21, and their stock price has seen negative returns over the past 6 and 12 months.
Open FlipAlkali Metals has reported a 29.46% increase in net sales at Rs. 24.55 crore for the December 2023 quarter compared to the same period in 2022. Net profit also saw a significant rise of 51.33% at Rs. 0.36 crore, and EBITDA increased by 47.94% to Rs. 2.87 crore. However, EPS decreased from Rs. 0.27 in December 2022.
Open FlipReported Standalone quarterly numbers for Neogen Chemicals are: Net Sales at Rs 167.37 crore in December 2023 down 10.14% from Rs. 186.25 crore in December 2022. Quarterly Net Profit at Rs. 5.80 crore in December 2023 down 60.57% from Rs. 14.71 crore in December 2022. EBITDA stands at Rs. 27.25 crore in December 2023 down 13.6% from Rs. 31.54 crore in December 2022.
Open FlipReported Standalone quarterly numbers for Alufluoride are: Net Sales at Rs 37.64 crore in December 2023 down 0.99% from Rs. 38.01 crore in December 2022. Quarterly Net Profit at Rs. 3.04 crore in December 2023 down 34.74% from Rs. 4.66 crore in December 2022. EBITDA stands at Rs. 7.28 crore in December 2023 down 26.09% from Rs. 9.85 crore in December 2022.
Open FlipReported Standalone quarterly numbers for Madhucon Projects are: Net Sales at Rs 258.95 crore in December 2023 up 32.5% from Rs. 195.44 crore in December 2022. Quarterly Net Loss at Rs. 2.34 crore in December 2023 down 3.36% from Rs. 2.26 crore in December 2022. EBITDA stands at Rs. 1.51 crore in December 2023 up 487.18% from Rs. 0.39 crore in December 2022.
Open FlipRaunaq EPC International reported standalone quarterly results for December 2023, with net sales of Rs. 1.68 crore, a 21.98% increase from the previous year. The company also saw a net loss of Rs. 0.42 crore, up 28.92% from last year, and negative EBITDA of Rs. 0.43 crore, a 60.55% increase from the previous year.
Open FlipReported Standalone quarterly numbers for ARSS Infrastructure Projects are:Net Sales at Rs 75.40 crore in December 2023 down 29.77% from Rs. 107.37 crore in December 2022.Quarterly Net Loss at Rs. 21.87 crore in December 2023 down 90107.41% from Rs. 0.02 crore in December 2022.EBITDA stands negative at Rs. 21.17 crore in December 2023 down 2561.63% from Rs. 0.86 crore in December 2022.
Open FlipTirupati Starch and Chemicals reported its standalone quarterly numbers for December 2023, with net sales increasing by 1.48% to Rs. 86.79 crore compared to the same period in 2022. However, the quarterly net profit decreased by 24.5% to Rs. 1.06 crore. EBITDA also saw a marginal increase of 4.52%. EPS has decreased to Rs. 1.16 from Rs. 1
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