Alembic Pharmaceuticals Limited today announced a significant milestone with the US Food and Drug Administration’s (USFDA) final approval of its Abbreviated New Drug Application (ANDA) for Nelarabine Injection, 250 mg/50 mL (5 mg/mL). This single-dose vial formulation is therapeutically equivalent to Sandoz Inc.’s Arranon Injection. Nelarabine, a nucleoside metabolic inhibitor, is a critical treatment for …
On August 2, 2024, Zydus Wellness Ltd. reported its highest-ever first-quarter net sales, which increased by 20% to ₹8,391 million compared to the same period last year. The company’s EBITDA grew by 33.3% year-over-year to ₹1,553 million. Net profit for the quarter rose by 33.8% to ₹1,477 million. Adjusted PAT, which excludes exceptional items and …
On August 2, 2024, Black Box Limited announced to the stock exchanges that it has secured commitments totalling ₹410 crore through a preferential issue aimed at accelerating growth and expansion in the digital infrastructure sector. The Board of Directors approved the issuance of up to 98,32,123 fully convertible warrants, priced at ₹417 each, aggregating to …
TTK Prestige Ltd shares rose by up to 4% on August 01, 2024, after the company’s board approved a buyback of its equity shares. TTK Prestige plans to buy back up to 16.66 lakh equity shares, which is 1.2% of its total equity share capital, for ₹200 crore. The record date for this buyback is …
On August 2, 2024, Sterling Holiday Resorts Limited, a wholly owned subsidiary of Thomas Cook (India) Limited (TCIL), announced its results for Q1 FY25. Sterling Holiday Resorts reported its highest-ever Q1 revenue at ₹126 crore, with an EBITDA margin of 34%, aligning with industry benchmarks. The company achieved revenue growth of 9.2% year over year, …
On August 2, 2024, Suraj Estate Developers Limited announced its financial results for the quarter ended June 2024. Q1 FY25 Performance Highlights The company’s total income increased by 30.9% year-on-year (YoY) and 30.7% quarter-on-quarter (QoQ), rising from ₹102.8 crore in Q1 FY24 and ₹103 crore in Q4 FY24 to ₹134.6 crore in Q1 FY25. EBITDA …
The Ministry of Coal has announced a substantial surge in coal production for July 2024, underscoring the sector’s robust performance. Overall coal production reached a commendable 74.07 Million Tonnes (MT), marking a 6.69% increase compared to the same period last year. This upward trajectory indicates the sector’s commitment to meeting the nation’s growing energy demands. …
HPL Electric & Power Ltd (HPL) has announced impressive financial results for the first quarter of FY2025, characterised by robust revenue growth and enhanced profitability. The company witnessed a substantial 22.50% year-on-year (YoY) increase in revenue, reaching ₹392.91 crores, driven by robust performance across its Metering, Systems & Services, and Consumer, Industrial & Services segments. …
Financial Highlights MOIL has announced robust financial results for the first quarter of FY2025, marked by record-breaking quarterly turnover and sales. Production and sales witnessed significant year-on-year growth, driven by favourable market conditions. The company achieved its highest-ever quarterly revenue from operations and profit before tax, reflecting improved operational efficiency and cost management. In keeping …
Morepen Laboratories Ltd is a prominent pharmaceutical company with a state-of-the-art Research & Development Centre, poised to capitalise on the generic revolution by filing multiple DMFs and COS for new APIs. This focused and dynamic business model enhances Morepen’s core competencies while aligning with its existing chemistry expertise. The R&D center in Masulkhana, Parwanoo, and …
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