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⭐ Jindal Metal & Energy internet revenue declines

Metal firm Jindal Metal (-2.2%) reported a decline in its consolidated internet revenue of 69.5% YoY to ₹465.6 crore in Q4FY23 in comparison with ₹1,527 crore final yr. Gross income additionally diminished 2% from ₹16,089 in 4QFY22 to ₹15,781 in 4QFY23. The corporate’s board has advisable a remaining dividend of ₹2 per share.

⭐ Jupiter Wagons raises capital

Rail mobility options supplier, Jupiter Wagons (+2.6%) introduced that it has efficiently concluded a fundraising train to lift ₹125 crore by certified institutional placement. The corporate stated it goals to make use of the funds for the acquisition of Stone India, working capital optimisation, and different company functions. 

⭐ Chemplast Sanmar This fall internet revenue plummets

Speciality chemical substances producer, Chemplast Sanmar (1.2%) reported a internet revenue decline of 80% YoY in Q4FY23 to ₹46 crore from ₹232 crore in Q4FY22. In the identical interval, its income from operations declined 37% YoY to ₹1,147 crore. The corporate attributes the subpar efficiency to the difficult surroundings attributable to the run-up in vitality costs, extreme affect on Chinese language demand and rising rates of interest throughout the globe.

Global markets (at 9:00 AM right this moment)

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