Future Retail has received credit rating of C with Recovery Rating of RR5 from Fitch Ratings for USD denominated Notes (listed on SGX) due to implementation of a One-time Restructuring plan (OTR) by the Company under the resolution framework for COVID-related stress provided by the Reserve Bank of India.
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A day after ordering more state-wide curbs, Punjab Chief Minister Amarinder Singh on Monday warned he will be forced to consider a total lockdown if people do not follow restrictions and the COVID-19 situation does not improve. He said he will not allow Punjab to go the way of some other states where patients can be seen, according to him, lying on the road. On Sunday, his government ordered the closure of all shops not selling essential commodities, barred over 50 per cent attendance at government offices and made a coronavirus-negative report or a vaccination certificate mandatory for people entering the state.
ACC s consolidated net profit surged 74.2% to Rs 563 crore on 22.7% increase in net sales to Rs 4,213 crore in Q1 FY21 over Q1 FY20. Cement sales volume jumped 21.49% to 7.97 million tonnes in Q1 FY21 as against 6.56 million tonnes in Q1 FY20. Sale of ready mix concrete dropped 10.75% to 0.83 million cubic metres in Q1 FY21 compared with 0.93 million cubic metres in Q1 FY20.
On a consolidated basis, the cement major s EBITDA jumped 46.75% to Rs 860 crore in Q1 FY21 as against Rs 586 crore in Q1 FY20. EBITDA margin improved to 20.4% in Q1 FY21 as compared to 17.1% in Q1 FY20. Operating EBIT soared 67.13% to Rs 717 crore in Q1 FY21 as against Rs 429 crore in Q1 FY20.
Read more about Sensex, Nifty trade with modest gains on Business Standard. The benchmark indices were trading with modest gains in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, rose 120.49 points or 0.25% at 48,003.87. The Nifty 50 index gained 32.10 points or 0.22% at 14,342.90.
Bank of Maharashtra, India Glycols Ltd, IDBI Bank Ltd and Graphite India Ltd are among the other gainers in the BSE s A group today, 13 April 2021.
Bank of Maharashtra, India Glycols Ltd, IDBI Bank Ltd and Graphite India Ltd are among the other gainers in the BSE s A group today, 13 April 2021.
Gujarat Alkalies & Chemicals Ltd surged 10.31% to Rs 444.05 at 11:49 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 2.24 lakh shares were traded on the counter so far as against the average daily volumes of 45861 shares in the past one month.
Bank of Maharashtra spiked 8.57% to Rs 24.7. The stock was the second biggest gainer in A group. On the BSE, 12.58 lakh shares were traded on the counter so far as against the average daily volumes of 15.88 lakh shares in the past one month.