5paisa Capital reported that its consolidated net profit rose 37% YoY to Rs 15.1 crore for the quarter ended December. The same stood at Rs 11 crore in the year-ago period.
Consolidated income of 5paisa Capital during the reporting quarter jumped 20% year-on-year to Rs 100 crore as against Rs 83.8 crore in the corresponding quarter of last year. Profit before tax for the quarter increased 37% to Rs 20.2 crore. For nine months of FY24, revenue rose 14% year-on-year to Rs 282 crore, while profit was up 67% year-on-year to Rs 48.7 crore.
Shares of 5paisa Capital were locked at the 20 per cent-upper circuit at Rs 350.40 on the National Stock Exchange (NSE) on Thursday after the firm s board approved fund raising of Rs 251 crore at Rs 500 per share on preferential basis to marquee investors and Promoters and Promoter Group. The preferential issue price is at 70 per cent premium over Tuesday’s closing price of Rs 292 per share on the NSE.
A combined around 200,000 equity shares had changed hands on the counter and there were pending buy orders for around 79,000 shares on the NSE and BSE till the time of writing of this report.
Q3 earnings: Den Networks, HFCL, Reliance Industrial Infrastructure, Tata Steel Long Products, Websol Energy System and Digicontent will announce their quarterly numbers today.
IndusInd Bank: Sebi has provided an additional two weeks to promoters of IndusInd Bank for infusion of residual capital in lieu of conversion of warrants issued to them last year worth over Rs 2,695 crore, a filing said.
SAIL: The government will sell up to 10 per cent stake in SAIL via offer for sale on January 14-15 and the offer price has been fixed at Rs 64 per share.
NHPC: The company has inked a definitive agreement for takeover of Rangit-IV hydro power project in Sikkim. The agreement is for implementation of the approved resolution plan for takeover of 120 MW Rangit-IV hydro power project of Jalpower Corporation (JPCL) in Sikkim.