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Earlier in the month of May, NTPC had announced a dividend for its shareholders along with the declaration of its Q4 results for the financial year 2024.

REC Q1 net profit grows 16.57 pc to Rs 3460.19 cr

Updated at : 2024-07-27 18:20:01

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REC saw a 16.57% rise in its consolidated net profit, reaching Rs 3,460.19 crore in the June quarter. The total income was Rs 13,092.44 crore, up from Rs 11,108.16 crore a year ago. The board approved an interim dividend of Rs 3.50 per share, and the REC subsidiary Khavda II-D Transmission has been dissolved.

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Additionally the company has also announced that each American Depositary Share (ADS) will still represent 1 equity share. As a result, the number of ADSs held by each American Depositary Receipt holder will increase in proportion to the increase in equity shares.

ICICI Bank Q1 Results: The net interest margin was 4.36% in Q1 compared to 4.40% in Q4 of FY24 and 4.78% in Q1 of FY24. NII was in line with ET Now poll estimates while PAT was above expectations.

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Coal India Dividend: The company further mentioned that the payment of the dividend to the eligible equity shareholders will also be done on August 16, i.e, the record date.

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The total income of the company also rose by 13.5% to Rs 45,053.04 crore while its total expenses were recorded at Rs 38,276.03 crore in Q1FY25. The total expenses increased by Rs 4,748 crore on a YoY basis.

Analyst Sudeep Shah, Deputy Vice President and Head of Technical & Derivatives Research, SBI Securities interacted with ET Markets regarding the outlook on Nifty and Bank Nifty along with an index strategy for the upcoming week.

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Additionally, the company has also informed that the record date for the purpose of determining the eligible shareholders for the dividend payout has been fixed as August 9.

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In its Q4FY24 results, Phoenix Mills had reported a profit after tax (PAT) of Rs 325 crore, which was an increase of 66% on a year-on-year basis against a PAT of Rs 195 crore reported in the corresponding quarter of the previous year.

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​ETMarkets identified five stocks from the BSE500 that exhibited consistent price gains during this period.

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