News Wrap: Q3 Earnings, RBI Deputy Governor On Cryptocurrency, UBER CEO On Crypto As Payment Option, Tesla CEO Elon Musk Donation, Macleods Pharmaceuticals IPO & More...
February 15, 2022:
Indian benchmark indices Sensex and Nifty50 closed higher in the green territory.
The 30-Scrip BSE Sensex ended 1,736.21 points or 3.08% higher at 58,142.05.
The NSE Nifty climbed 509.65 points or 3.03% to close at 17,352.45.
All the sectoral indices closed in the green territory, with bank, financial services, IT, realty raising more than 3%, and Nifty Auto gaining 4.01%.
BSE Midcap and Smallcap indices gained 2.68% and 1.97% each.
Top Stocks On Encome.io Dashboard:
Earnings In Focus:
SpiceJet Ltd Comes Out Of Losses, Posts Profit In Q3
Consolidated net profit in Q3FY22: Rs 42.45 crore
Consolidated loss in Q3FY21: Rs 66.78 crore
Revenue from operations in Q3FY22: Rs 2,204.68 crore
Revenue from operations in Q3FY21: Rs 1,635.79 crore
Earnings before interest, taxes, depreciation and amortization (EBITDA) in Q3FY22: Rs 116.4 crore.
Earnings before interest, taxes, depreciation and amortization (EBITDA) in Q3FY21: Rs 244.3 crore (YoY)
EBITDA margin in Q3FY22: 5.1 %
EBITDA margin in Q3FY21: 14.4%
JB Chemicals & Pharmaceuticals Q3 Revenue Comes At Rs 601 Cr
Revenue In Q3FY22: Rs 601 crore
Revenue In Q3FY21: Rs 548 crore
Operating EBITDA (Earnings Before Interest Depreciation and Taxes) in Q3FY22: Rs 153 crore
Operating EBITDA (Earnings Before Interest Depreciation and Taxes) in Q3FY21: Rs 171 crore
Profit after Tax in Q3FY22: Rs 84 crore
Profit after Tax in Q3FY21: Rs 154 crore
NBCC Q3FY22 Net Profit Sinks To Rs 87.03 Cr From Rs 96.98 Cr In Q3FY21
Consolidated net profit in Q3FY22: Rs 87.03 crore
Consolidated net profit in Q3FY21: Rs 96.98 crore
Total income in Q3FY22: Rs 2,056.31 crore
Total income in Q3FY21: Rs 2,149.17 crore
Turnover in the nine months ended December 2021: Rs 3698.75 crore
Turnover in the nine months ended December 2020: Rs 2923.30 crore
Manappuram Finance Q3 Net Profit Stands At Rs 261 Cr
Consolidated net profit in Q3FY22: Rs 261 crore
Consolidated net profit in Q3FY21: Rs 483 crore
Total income in Q3FY22: Rs 1,506.85 crore
Total income in Q3FY21: Rs 1,650 crore
Coffee Day Global Ltd ( Coffee Chain CCD Operator) Net Loss Narrows Down In Q3
Net profit in Q3FY22: Rs 18.80 crore
Net profit in Q3FY21: Rs 110.41 Crore
Operating revenue in Q3FY22: Rs 157.86 crore
Operating revenue in Q3FY21: Rs 123.73 crore
Revenue from coffee and related business in Q3FY22: Rs 157.86 crore
Revenue from coffee and related business in Q3FY21: Rs 123.72 crore
Revenue from hospitality services in Q3FY22: Rs 13.41 crore
Revenue from hospitality services in Q3FY21: Rs 11.63 crore
Net loss in Q3FY22: Rs 23.01 crore
Net loss in Q3FY21: Rs 66.11 crore
"Banning Cryptocurrencies Most Sensible Option," Says RBI Deputy Governor
Cryptocurrencies are not less than Ponzi schemes or even worse than that. Opting for Crypto's ban would be the most sensible for India, the Reserve Bank of India's deputy governor believes.
"We have also seen that cryptocurrencies are not amenable to definition as a currency, asset or commodity; they have no underlying cash flows, they have no intrinsic value; that they are akin to Ponzi schemes, and maybe even be worse," said T Rabi Sankar in a speech.
"All these factors lead to the conclusion that banning cryptocurrency is perhaps the most advisable choice open to India," he further said.
Macleods Pharmaceuticals Files Preliminary Papers With SEBI To Raise Over Rs 5K Crore
Macleods Pharmaceuticals, a leading vertically integrated, global pharmaceuticals company in India, has filed preliminary papers with SEBI to raise Rs 5,000 crore via Initial Public Offering ( IPO).
The IPO will entirely be an offer for sale or OFS comprising 60.5 million equity shares by the promoters.
Currently, the promoters and promoter group own 100% equity of the company.
Reportedly, after the share sale, the promoters and promoter group would be left with 89.9% of the stake.
Giridharlal Bawri, Banwarilal Bawri and Rajendra Agarwal are the founders of the company having 34.07% stake, while the remaining 65.93% lie with the promoter group.
Macleods Pharmaceuticals has never raised any external funding from private equity players.
More To Know:
Reliance Industries Subsidiary Jio Platforms Invests $200 Million In Multinational Tech Company InMobi Owned Content Startup Glance To Secure 17% Stake. The Transaction Values The Unicorn At $1.8 Billion.
Tesla CEO Elon Musk Donated Over 5 Million Tesla Shares Worth Almost $6 Billion To A Charity In November Last Year.
India's merchandise exports in January 2022 rose 25.28% to $34.50 billion from $27.54 billion in January 2021.
India’s merchandise imports, in January 2022, have increased to $ 51.93 billion from $42.53 billion in January 2021.
The board of SEBI has decided that it will be upon the discretion of the listed companies to split the roles of chairperson and managing director before the deadline of April 1, 2022.
The Aditya Birla Group has infused an undisclosed amount in Zand, a forthcoming digital bank in the United Arab Emirates (UAE).
The Indian IT services industry will grow by $30 billion in FY2022, surpassing $200 billion in revenues in the fiscal, according to the Nasscom Strategic Review.
The industry employed a record 4.5 lakh new hires during FY22, of which 44% were women.
With this, the IT industry becomes the largest private-sector employer of women, with over 1.8 million women part of the sector.
Electric two-wheeler manufacturer Okinawa Autotech announced the beginning of operations at its second manufacturing unit located in Bhiwadi, Rajasthan. It already had a manufacturing plant in Alwar.
Bangalore International Airport Limited (BIAL), operator of Kempegowda International Airport (BLR Airport) has bagged the most prestigious PEER (Performance Excellence in Electricity Renewal) platinum certification by Green Building Certification Inc. (GBCI).
Uber CEO Dara Khosrowshahi said the company would start accepting cryptocurrencies as a mode of payment ‘at some point’, without disclosing the exact timeline when it would add Crypto as a payment option.
Singapore-based sovereign wealth fund GIC invests $170 million or nearly Rs 1,300 crore in healthcare delivery platform Asia Healthcare Holdings (AHH) founded by TPG Growth.
Sansad TV, the broadcaster of Parliament proceedings live, said that its YouTube channel was hacked and renamed to ‘Ethereum’.
Hiranandani Group, a real estate conglomerate, is launching a new consumer technology venture called 'Tez Platforms,' in which it would invest Rs 3,500 crore to develop capabilities in gaming and e-sports, entertainment, and e-commerce, among other things.