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The company said that consolidated net profit without exceptional items and one-offs grew by 14% year-on-year, while EBITDA grew by 13%. The home care category grew at 8% YoY, personal care at 6% yoy, the total branded category at 7% yoy, and the unbranded and exports category at 121% yo-y. The total net sales increased by 9% y-o-y to Rs 2,140 crore.

NSE Q1 Results: Revenue from operations for the reported quarter stood at Rs 4,510 crore. The net profit margins for Q1 FY25 were 52%. During this quarter, the bourse allocated an additional Rs 587 crore to enhance the Core Settlement Guarantee Fund (SGF) corpus, raising it to Rs 10,500 crore as recommended by SEBI. After this contribution, the core SGF corpus will stand at Rs 9,726 crore.

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The Nifty Auto index closed 1.7 per cent up at 24937.6.

Despite recent volatility, the index has found support around 24,000 and its 50-day exponential moving average, leading to a relief rally. This suggests a potential short-term reversal, but confirmation will depend on further upward movement.

“Foreign exchange traders are not expecting the rupee to touch 84 levels, because traders are cautious while taking a position once the rupee crosses 83.93/$1 and as the Reserve Bank would step in to stop the depreciation”, said a trader at a state run bank.

Revenue from operations stood at Rs 808 crore, down 17% YoY from Rs 976.44 crore reported in the corresponding quarter of the previous financial year. The overall revenue was down because of a decline in revenue of the company’s oil seed segment.

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The Nifty Pharma index closed 2.2 per cent up at 22036.95.

“The Board of Directors of Godawari Power and Ispat Limited ("the Company") at its Meeting held today i.e. on August 07, 2024, has considered and Approved the proposal for sub-division of equity share of face value of Rs.5/-each of the Company into 5 (Five) equity shares of Re.I/- each, subject to approval of the Shareholders of the Company in ensuing Annual General Meeting,” said the company in a filing to the exchanges.

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