Bharat Dynamics’ profits decline

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Bharat Dynamics’ profits decline

Bharat Dynamics (-6.1%) reported a decline of 42.3% YoY in net profit to ₹152.7 crore for Q4FY23. It also reported a drop of 41.2% YoY in revenue to ₹796.8 crore for the same period. The company's board recommended a final dividend of ₹1.20 per share..

Emami's Q4 profit plummets

FMCG company Emami (-1.5%) posted a 60% YoY drop in consolidated profit to ₹141.6 crore. Profit for the same period last year was ₹354.1 crore. However, its consolidated revenue grew by 9% YoY to ₹836 crore. The company indicated rural inflation and the reduction of nonessential expenditure by rural consumers as major challenges.

Dhanuka Agritech posts a profit

Agrochemical firm, Dhanuka Agritech (+5.2%) reported a 20.3% rise in consolidated net profit to ₹65.3 crore for Q4FY23, up from ₹54.2 crore in the corresponding quarter last year. Its revenues for Q4 were ₹371.2 crore, up 16.6 % over ₹318.30 crore in the previous fiscal.


Global markets (at 8:15 AM today)

Indices Today's movement
SGX Nifty ▼ 0.2%
Nikkei 225 (Japan) 0.9%
Hang Seng (Hong Kong) ▼ 1.9%
SSE Composite (China) 0.6%
Dow Jones (US) (May 25) ▼ 0.1%
NYSE (US) (May 25) ▼ 0.3%
Nasdaq (US) May 25) 1.7%
S&P 500 (US) (May 25) 0.8%

Fact of the day

Investment in clean energy is expected to exceed spending on fossil fuels in 2023 as per the International Energy Agency.

Source: Reuters

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