Adani Enterprises had a mixed financial performance in September 2023, as it grappled with a significant sales drop to Rs 9,313.00 crore. Despite this, the company reported a profit surge of 62% to Rs. 761.79 crore and a 43% EBITDA rise, reflecting resilience in its profitability metrics. The upward trend was mirrored in the EPS which increased to Rs. 6.68 on the NSE where shares closed at a high of 2,217.30 on November 01. However, returns were mixed with a modest six-month yield of just over 15% and disappointing one-year returns showing a decrease of -38.08%.
Meanwhile, JK Lakshmi Cem exhibited financial growth in September 2023, with key metrics such as net sales surging to Rs 1,452.62 crore (an increase of 11.51%), a net profit of Rs. 83.03 crore (up by 40.85%), and an EBITDA of Rs. 193.63 crore (21% growth). The company also marked an EPS increase to Rs. 7.06 and the share value closed at 672.85.
In contrast, Bombay Dyeing Co.'s consolidated quarterly results for September 2023 showed a significant financial downturn with net sales falling by 40.88% to Rs 440.60 crore from Rs.745.22 crore in September 2022. The company's quarterly net loss rose by 44.11% to Rs.51.99 crore compared to Rs.93.02 crore in the same period of the previous year, indicating a challenging financial period for the company.
On a more positive note, Sundaram demonstrated financial resilience in September despite an 8.14% dip in net sales to Rs 31.51 crore, with an increased EPS of Rs.1.05 and uplifts in quarterly net profit and EBITDA to Rs. 23.22 crore and Rs. 27.15 crore, marking rises of 4.46% and 9.12%. By November, the firm's share price hit a high of 132.10, reflecting strong returns.
Finally, UFO Moviez saw net sales drop to Rs86.56 crore in September 2023 from Rs107.45 crore in 2022, but net profit and EBITDA rose to Rs3.29 crore and Rs17.69 crore from Rs9.15 crore and Rs3.41 crore, respectively. EPS grew to Rs0.86 from Rs2.40 last year, with shares priced at Rs115.40, yielding six-month returns of 59.39% and annual returns of 2.67%.
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