Stocks to track in trade on June 11, 2021: Sail, NHPC, National Fertilizers, LIC Housing, Suven Pharmaceutical en

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The revenue is seen a growth of 44% on a year-on-year basis and came in at Rs 23,286 crore as against Rs 16,171 crore in the same period last year. The profit grew by 26.3% and came in at Rs 3443.8 crore. The steel production for the company was up by 19 %. The margins saw a dip due to the wage revision provision. The lll inclusive provision for salary/wage revision charged of Rs 1145.7 crore. 

The company’s Q4 net profit was up 2.5x at Rs 428 crore on favourable movement of regulatory deferral balances. NHPC Ltd reported 25% yoy fall in revenues for the Mar-21 quarter at Rs 1,609.17cr as against Rs 2170 crore in the same period last year. 

National Fertilizers reported 1.98% yoy fall in revenues for the Mar-21 quarter at Rs 2,974.09 crore. The Q4 net loss narrows on exceptional subsidy losses in Mar-20. The net losses in the Mar-21 narrowed sharply to Rs 9.8 crore as compared to a net loss of Rs 333 crore in the Mar-20 quarter. This huge loss in the Mar-20 quarter was on account of an exceptional write-off of Rs388.85 crore. 

The Company reported a strong profit growth led by healthy revenues and EBIT margin expansion. The EBIT margin expanded by 290 basis points and came in at 28.3% as against 25.4% in the Dec quarter. The Revenue grew by 19.9% QoQ and stood at Rs 477 crore. Margin expansion led by higher delivery staff utilisation and increased offshore mix 

The board to meet on June 15 to consider raising funds via issue of equity shares and/or other securities by way of preferential issue or through any other permissible modes. 

The company, CSIR-Indian Institute of Chemical Technology and CSIR-National Institute of Interdisciplinary Science & Technology sign pact for process technology transfer and manufacturing of the anti-Covid drug Molnupiravir and 2-DG. 

Company gets orders worth Rs 2.87 billion from Coal India to supply raydets, electronic and other detonators and cartridge explosives. Order to be completed in 2 years.

Architects of India’s future will define the agenda for growth in this Golden Decade, at the Times Network India Economic Conclave – 25, 26 March | New Delhi. Watch LIVE coverage from the ground on Times Network News channels and www.indiaeconomicconclave.com.

For all latest Business News, Market News , Income Tax News, Share Market, Sensex Today live updates follow Times Now

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Stocks to track in trade on June 11, 2021: Sail, NHPC, National Fertilizers, LIC Housing, Suven Pharmaceutical
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