Power Grid Corporation of India and Jupiter Wagons are set to announce their fourth-quarter earnings today, drawing attention from investors in the stock market. KEC International, part of the RPG Group, has secured new contracts worth ₹1,133 crore for transmission and distribution projects. This development has made KEC International one of the trending stocks to watch today.
Divi’s Laboratories reported a net profit of ₹662 crore for the fourth quarter, with revenue reaching ₹2,585 crore during the same period. Arvind Fashions experienced a net loss of ₹93.15 crore in the fourth quarter, a shift from the profit reported in the previous year. This occurred despite an 8.8% increase in the Nifty 50 index and an 18% rise in EBITDA.
Delhivery demonstrated a strong recovery in Q4, achieving a net profit of ₹72.6 crore after reporting a loss in the same period last year.
Divi’s Laboratories quarterly profit review
The company’s revenue grew by 5.6% year-over-year, while EBITDA more than tripled to ₹119 crore.
Bajaj Auto International Holdings BV has secured loan agreements totaling 566 million euros with JP Morgan, DBS Bank, and Citigroup Global Markets Asia. These loans are unsecured and have a repayment period of one year. Crosslay Remedies, a subsidiary of Max Healthcare Institute, has signed a sale deed to acquire a 4,000 square meter property with an existing building adjacent to Max Super Speciality Hospital in Vaishali for ₹120 crore.
The acquisition is expected to increase the hospital’s capacity by 140 beds over the next 30 months. JSW Steel’s Board of Directors is scheduled to meet on May 23 to discuss long-term funding options and review the dividend distribution plan. Sun Pharma has received US FDA approval for its advanced BLU-U blue light photodynamic therapy treatment for actinic keratosis.
