Pharma shares are likely to be in limelight as NPPA may allow up to 10 per cent hike on scheduled drugs in the month of April.
Business Standard brings you the top headlines on Thursday
Eveready Industries India Ltd said its Non-Executive Chairman Aditya Khaitan and Managing Director Amritanshu Khaitan have resigned following an open offer from the Burman group.
The open offer has been priced at Rs 320 per share aggregating to a total consideration of up to Rs 605 crore.
We plan to clean the company and run it in a professional manner: Mohit Burman
The company said the battery category will revert to its earlier level of profitability now that all adverse costs have been passed on
Eveready said in its exchange filing that the company is in the process of taking appropriate action as required, based on advice from its legal counsel
Consultancy to study firm's strengths and weaknesses and thereafter identify the low-hanging fruits in terms of profitability
Battery and flashlights maker Eveready Industries India Ltd reported 51.41 per cent decline in consolidated net profit at Rs 23.71 crore for the third quarter ended December 31, 2021.
Batteries and flashlights maker Eveready Industries India Ltd on Tuesday reported a 21 per cent increase in consolidated net profit at Rs 30.13 crore in the first quarter ended June 30.
After hefty provisioning for inter-group loans, the Khaitan-managed company says it is back on track. But who will be in control from here on remains an open question
Total expenses during the fourth quarter stood at Rs 249.81 crore as compared to Rs 219.81 crore in the same period a year ago.
Eveready Industries hit an over three-year high (highest level since April 2018) of Rs 338.70 after rising 7 per cent on the BSE in intra-day trade today
Profit was Rs 90.60 cr in year-ago period, but this included exceptional gain of Rs 89.55 cr from land deal in Chennai
Rating agency says upgrade reflects improvement in firm's financial profile and liquidity in 1HFY21, which was continuing in 2HFY21 backed by better profitability
The company is expected to maintain high operating margins in the forthcoming quarters
Eveready's Managing Director, Amritanshu Khaitan said this was the highest ever quarterly profit without any other income. EBITDA margin at more than 20 per cent was also the best
Eveready recorded a 234 per cent increase in profit before tax (PBT) to Rs 30.29 crore in the June quarter even as operating income fell by around 18 per cent
Eveready's Q1 PBT rises 234% on upward price revision, better product mix
All that happened in the markets today.