Stocks in News Today

3 May 2023

• GCPL board to consider raising Rs 5,000 cr via NCDs in one or more tranches on May 10.

•Net profit was up 1.5% YoY to Rs 502.4 cr. ∙Consolidated revenue was up 8.4% YoY to Rs 4,256.3 cr.   ∙EBITDA fell marginally to Rs 788.3 cr   ∙Margin was down to 18.5% from 20.1% YoY. ∙The Board has recommended dividend of Rs 2.50/share. ∙Record date is July 7, 2023. 

∙Net profit up 32% YoY to Rs 457 cr, helped by a decline in bad loans. ∙GNPA declined to 6.97% YoY from 12.17% a year ago. ∙Net NPAs reduced to 1.84% from 2.74% a year ago. ∙The bank reported its highest-ever net profit in a fiscal at Rs 1,313 cr, up 26.37% annually. 


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