Stock Corner
1.
Share price
of Mumbai-based real estate developer Godrej Properties fell more than 4
percent after starting off the financial year 2018-19 on a weak note
Consolidated net profit in Q1 fell 65.4 percent year-on-year to Rs 34.3 crore,
dented by weak operational earnings and higher finance cost.
2.
Majesco Q1
reported consolidated net profit rose
47.5 percent at Rs 14.9 crore against Rs 10.1 crore Q4FY18. Revenue was up 6.1
percent at Rs 229.4 crore against Rs 216.7 crore. Operating profit or EBITDA
was up 17 percent at Rs 18 crore and margin was at 7.85 percent.
3.
Marico has
reported net profit growth of 10.35 percent year-on-year (YoY) at Rs 260.1
crore for the first quarter ended June, backed by the statistical effect of a
low base. The profit in the corresponding period of last fiscal was at Rs 235.9
crore, down 12 percent YoY due to disruption in trade channels ahead of the
implementation of the goods and services tax.
4.
Torrent
Power posted about 12 percent jump in
its consolidated net profit at Rs 227.32 crore in the quarter ended June mainly
on the back of higher revenues. The company's net profit stood at Rs 203.24
crore in the quarter ended on June 30, 2017.
Missed call
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