Good morning!
Here are the top stories to start your day.
⭐ Adani Ports Q4 profit up
Adani Ports (-0.4%) reported a consolidated net profit of ₹1,158.8 crore for Q4FY23, up 5% from ₹1102.6 crore in the same period last year. Its revenue for the quarter stood at ₹5,796.8 crore, up 40% YoY from ₹4,140.7 crore last year. The company's board has recommended a dividend of ₹5 per share.
⭐ Patanjali Foods Q4 profit rise
FMCG company Patanjali Foods reported a profit of ₹263 crore for Q4FY23, up 12.3% from ₹234 crore in the same quarter last year. During the same period, its revenue from operations grew by over 18% YoY to ₹7,872 crore. The company’s board has recommended a final dividend of ₹6 per share.
⭐ Mazagon Dock reports stellar performance
Mazagon Dock Shipbuilders (+5.2%) clocked strong earnings for the March quarter. Its standalone net profit jumped by over 119% YoY to ₹318 crore, while its quarterly revenue was up 49% YoY to ₹2,079 crore. The total orderbook of the company stands at ₹38,755 crore as on 31 March 2023. The company's board has recommended a final dividend of ₹6.8 per share.
Global markets (at 8:15 AM today)
| Indices | Today's movement |
| SGX Nifty | ▼ 0.3% |
| Nikkei 225 (Japan) | ▼ 1.1% |
| Hang Seng (Hong Kong) | ▼ 1.9% |
| SSE Composite (China) | ▼ 0.8% |
| Dow Jones (US) (May 30) | ▼ 0.1% |
| NYSE (US) (May 30) | ▼ 0.5% |
| Nasdaq (US) May 30) | ▲ 0.3% |
| S&P 500 (US) (May 30) | ▲ 0.0% |
Fact of the day
RBI’s total income jumped by 47% YoY to ₹2.35 lakh crore in FY23.
Source: Hindustan Times