The Domino’s pizza franchise owner in India and other nations, Jubilant FoodWorks, reported a 25.5% YoY decline in its June quarter profit at Rs 75.2 crore. Its first-quarter revenue increased 5.6% year over year to Rs 1,309.7 crore.
The financial markets regulator Sebi has given the OK for TVS Supply Chain Solutions, a division of TVS Mobility Group, to seek money through an initial public offering (IPO).
Today’s Stock Market
The IPO consists of an offer for sale (OFS) of more than 2 crore equity shares by the promoters and current shareholders as well as a new issue of equity shares with a maximum value of Rs 750 crore.
After reporting a PAT of Rs 1660 crore and revenue of Rs 10,310 crore instead of the Rs 10,472 crore predicted by ET NOW, Asian Paints shares fell 4%. Eugia Pharma Specialities Limited, a fully owned subsidiary of the Company, obtained USFDA approval on behalf of Urobindo Pharma.
- Jubilant FoodWorks reports 25.5% YoY decline in June Q3, revenue rises 5.6%.
- Asian Paints shares fall 4% after PAT, revenue fall, USFDA approval.
- BTC volume surges 45.6%, Tokyo stocks decline.
In anticipation of the US Federal Reserve’s monetary policy announcement tomorrow, the cryptocurrency markets were trading down on Tuesday. Ethereum (ETH) remained barely over 1,850 while Bitcoin (BTC) dropped 2.24% to $29,120.
BTC volume increased by 45.6% over the past day to reach around $14.6 billion. Tokyo’s blue-chip stocks declined on Tuesday as investors modified their holdings in advance of significant interest rate decisions by global central bankers and earnings reports from significant corporations.
The more inclusive Topix index increased by 0.18 percent, or 4.20 points, to 2,285.38 while the benchmark Nikkei 225 index fell by 0.06 percent, or 18.43 points, to 32,682.51. According to Indoco Remedies’ Q1 statistics, overall net profit was Rs 24.39 crore compared to Rs 38.57 crore, and operating revenue was Rs 417 crore as opposed to Rs 395 crore.
Following the acquisition of numerous projects from the Punjab State Power Corporation and the Government of Arunachal Pradesh, SJVN shares increased by 25% in the last two BSE trading days.
