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Revenue up 10% at Rs 2,150.18 crore versus Rs 1,958.10 crore (Bloomberg estimate: Rs 2,058.9 crore)
Ebitda up 18% at Rs 336.79 crore versus Rs 284.4 crore (Bloomberg estimate: Rs 298.7 crore)
Ebitda margin at 15.7% vs 14.5% (Bloomberg estimate: 14.5%)
Net profit down 26% at Rs 194.35 crore versus Rs 263.31 crore (Bloomberg estimate: Rs 129.9 crore)
The company has declared a dividend of Rs 3/share for FY23.
Source: Exchange filing
Indiabulls Real Estate's merger with NAM Estates and Embassy One Commercial Property was delayed as NCLT, Chandigarh bench withheld the merger sanction.
NCLT, Bengaluru bench, sanctioned the merger in April 2022, however, the Chandigarh bench had raised certain concerns regarding the Income Tax department's objections.
Indiabulls Real Estate said that they will explore appealing to NCLAT after receiving the detailed report from the NCLT Chandigarh bench.
Company has said that the objections and concerns raised by the NCLT, Chandigarh bench were unfounded, and unjustified and do not impact the merger.
Source: Exchange filing
The broader market indices opened higher; S&P BSE MidCap Index was up by 0.57%, whereas S&P BSE SmallCap Index was higher by 0.41%.
Sixten out of the 20 sectors compiled by BSE advanced, while four sectors declined in trade.
The market breadth was skewed in the favour of the buyers. About 1,976 stocks rose 1,384 declined, and 144 remained unchanged on the BSE.
Stock Market Live: Sensex, Nifty Hold Gains; Mankind Pharma Lists At 20% Premium To IPO Price
Shares of Mankind Pharma listed at Rs 1,300 per share on the BSE and NSE, a premium of 20.37% to its IPO price of Rs Rs 1,080.
Its IPO was subscribed 15.32 times.
Source: BSE, NSE
Stock Market Live: Sensex, Nifty Rise At Pre-Open; Mankind Pharma Listing, Nexus REIT IPO In Focus
The broader market indices opened higher; S&P BSE MidCap Index was up by 0.36%, whereas S&P BSE SmallCap Index was higher by 0.51%.
Seventeen out of the 19 sectors compiled by BSE advanced, with S&P BSE Fast Moving Consumer Goods and S&P BSE Healthcare declined in trade.
The market breadth was skewed in the favour of the buyers. About 1,838 stocks rose 718 declined, and 102 remained unchanged on the BSE.
Source: BSE
The yield on the 10-year bond opened flat at 7.05% on Tuesday.
Source: Bloomberg
At pre-open, the S&P BSE Sensex Index was up 115 points or 0.19% at 61,879.68 while the NSE Nifty 50 Index was higher by 39 points or 0.12% at 18,303.40.
Source: Bloomberg
The local currency weakened by 5 paise to open at 81.85 against the greenback on Tuesday.
The local currency closed at 81.80 on Monday.
Source: Bloomberg
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