Shares of Transformers and Rectifiers (India) slumped over 11% on Wednesday after Q4 results showed a dip in consolidated net profit despite strong revenue growth and a large order book. Margin pressures and rising expenses appear to have spooked investors, even as the company announced a dividend and outlined fresh capex plans.
DMart Q1 results: Cons PAT up 11% to Rs 860 crore, revenue rises to Rs 18,795 crore
Avenue Supermarts reported an 11.3% net profit increase for the June quarter. The company’s revenue from operations also saw a 14.9% year-on-year rise. EBITDA grew