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Thursday, May 4, 2023

Adani Enterprises Q4 profit zooms - Upstox

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Here are the top stories to start your day.


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Adani Enterprises Q4 profit zooms

The net profit of the Adani Group's flagship company increased by 137% YoY to ₹722 crore compared to ₹304 crore in Q42022. Similarly, its revenue increased by 26% to ₹31,346 crore on account of strong performance by Integrated Resource Management (IRM) and Airports business. The company’s board has approved a dividend of  ₹1.20 a share. Click here to know more.  

⭐ Zydus Lifesciences gets USFDA approval

The pharma major received final USFDA approval to manufacture and market an ulcer drug known as Sucralfate USP, 1 gram. According to IQVIA data quoted by Zydus, Sucralfate Tablets has annual sales of $84 million in the United States.

⭐ Blue Star reports robust Q4 numbers

The appliances company posted a net profit of ₹225 crores compared to ₹76 crores in Q4FY22. This exceptional profit growth of 195% is attributed to the sale of a land parcel. Meanwhile, the company posted quarterly revenue of ₹2,623 crore, a rise of 16% YoY. The company’s board has recommended a dividend of ₹12 per equity share.


Global markets (at 8:45 AM today)

Indices Today's movement
SGX Nifty ▼ 0.35%
Nikkei 225 (Japan) 0.12%
Hang Seng (Hong Kong) 0.67%
SSE Composite (China) ▼ 0.59%
Dow Jones (US) (May 04) ▼ 0.86%
NYSE (US) (May 04) ▼ 0.99%
Nasdaq (US) May 04) ▼ 0.49%
S&P 500 (US) (May 04) ▼ 0.72%

Fact of the day

Coal India plans to invest 91,000 crore in various projects by FY26   

Source: Economic Times

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Adani Enterprises Q4 profit zooms - Upstox
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