Mohit Munjal’s Post

BPCL Q4 Results: Net profit drops 35% YoY to Rs 4,224 crore; co approves 1:1 bonus issue State-run BPCL on Thursday posted a 35% drop in its standalone net profit at Rs 4,224 crore in the quarter ended March 2024, compared with Rs 6,478 crore in the last-year period. The Street had estimated the profit at Rs 5325 crore. The company's board has also approved a bonus issue in the proportion of 1:1, where investors get one extra share for every one share held in the company. #q4 #BPCL #bpclimited #Q4FY24Results #stockmarket #directusinvestments

Alfalah CLSA Securities (Pvt.) Limited : Flash Note: NPCL 2QFY24 result wrap Nishat Chunian Power Limited has announced its 2QFY24 result where the company posted a PAT of PKR1,040 mn (EPS: PKR2.83/sh) vs PAT of PKR 878 mn (EPS: PKR2.39/sh) SPLY, up by 18% YoY. The result was in line with our expectations. Revenue declined by 72%/9% on QoQ/YoY mainly due to muted demand in the winter season and declining RFO mix for power generation. Cost of Sales was as per our estimates, increasing by 2% SPLY. Other income increased by 68% QoQ to PKR48 Mn. Finance costs declined by 44%/71% on QoQ/YoY basis likely due to the company shaving down its KIBOR linked borrowings. The company has not paid out any dividends for this quarter. #PSX #KSE100 #FlashNote #NCPL 

Doubling Your Share Happiness: Get Ready for a Bonus Share Bonanza! Get set to double your investment delight as BPCL announces an exciting bonus share issuance! In line with SEBI regulations, the Board has proposed a generous 1:1 bonus share distribution. This means for every existing equity share you own, you'll receive an additional one – absolutely free! But mark your calendars; the eligibility window closes on June 22nd. Follow US for more UPDATES !! #bpcl #bonus #investing #growth #sharemarket #india

NCL Industries Looking Bullish! Current Price: ₹216 Looking good above: ₹224 (1D timeframe CLB) Potential Target Prices: T1: ₹258 T2: ₹304 Stop Loss: ₹200 (CLB) Logic: NCL Industries bounced from 200 SMA and took a pause. A sustained move above ₹224 can lead to a good rally upside. #investing #stockmarket #analysis #NCLIndustries P.S. This is not financial advice, please do your own research before making any investment decisions.

For the year ended December 31, 2023, FCMB Group Plc grew deposits, loans, assets under management, revenue and earnings and improved its environmental, social, and corporate governance scorecard. The Group recorded a profit before tax of ¦ 104.4 billion, a 186 percent year-on-year (YoY) increase compared to N36.6 billion in 2022 and earnings growth across its business segments: Banking Group 212.6 percent, Consumer Finance 67.3 percent, Investment Management 40 percent, and Investment Banking 89.7 percent. Read More: https://lnkd.in/dnwzKrUu #nigeriannewsdirect #newsdirect #FCMB #Dividends

Key highlights for OGDCL Official for the quarter ended December 31, 2023 The company declared an interim cash dividend of Rs 2.50 per share (25%) for the quarter in addition to the interim dividend of Rs 1.60 per share (16%) already paid. Financial Highlights: Net sales were Rs 115,234 million, up 18% from Rs 97,223 million in Q2 of previous year Gross profit was Rs 68,212 million, up 6% Profit before tax was Rs 72,141 million, up 12% Profit for the period was Rs 74,258 million, up 78% Earnings per share was Rs 17.27, up 78% #OGDC #InterimDividends #OilAndGas

SEBI aims to implement a 'fast track' system for issuing public debt securities. By this, SEBI aims to streamline public issuance of debt securities, aiming to benefit regular issuers by reducing time, cost, and effort. It's proposed to allow NCDs or NCRPS with a face value of Rs 10,000 to expand non-institutional investor participation. Issuers must engage a merchant banker to perform due diligence and meet disclosure criteria for privately placed NCDs and NCRPS, according to SEBI. Click on the link below to read the full article!👇 https://bit.ly/3GWWMbH #fasttrack #SEBI #investment #debtsecurities #finance #news #Bonds #BondsIndia

#CommonwealthBankofAustralia (#ASX: CBA) recently released its FY24 half-year results, which showed a 3% decline in cash #netprofitaftertax (NPAT) to $5 billion and an 8% drop in statutory #NPAT to $4.8 billion.

JMMB Investments maintain its rating on AMBL at UNDERPERFORM with a target price to $41.69. For the year ended December 31st, 2023, AMBL recorded: (1) PAT of TT$129.3 million from a loss position in the corresponding prior year. (2) Operating profit improved to TT$200.7 million from a loss of TT$16.2 million. (3) This performance was driven by a 10.7% increase in profit before tax for the Banking Division. The Insurance Division reported a profit from a loss-making position in the corresponding period. (5) Furthermore, the Mutual Fund segment showed signs of recovery.  (6) AMBL's trailing dividend yield is 2.7%.

#RBI has vide its circular dated December 19, 2023 (the “Relevant RBI Circular”) made an effort to plug the issue of refinancing of loans (commonly known as evergreening) by Banks and #NBFCs using #AIF structure in which such Banks and NBFCs are unit holders. The Relevant RBI Circular makes the following prescriptions: (i) No Bank or NBFC is permitted to make investments in any scheme of AIFs which has downstream investments either directly or indirectly in a debtor company of such Bank or NBFC, respectively. The debtor company has been defined to mean any company to which such Bank or NBFC currently has or previously had a loan or investment exposure anytime during the preceding 12 months. (ii) If an AIF scheme, in which any Bank or NBFC is already an investor, makes a downstream investment in any such debtor company, then such Bank or NBFC shall liquidate its investment in the relevant AIF scheme within 30 days from the date of such downstream investment by the AIF. For existing investments by any Bank or NBFC in any AIF scheme having downstream investment in any debtor company as on date (i.e. December 19, 2023), the 30-day period for liquidation of the investment in the AIF will be counted from the date of this circular. (iii) In case such Bank or NBFC are not able to liquidate their investments within the above-prescribed time limit, they are required to provide 100% provisioning on such investments in the AIF scheme. This will have a major impact on some of the Banks and NBFCs who were using the AIF structure to clean-up their balance sheets and at the same time making a higher ROI on their investments to such debtor companies. Prima facie NBFCs housed in large Corporate Groups may still be able to achieve these structures albeit at a reduced scale by making investments in the AIFs through other related group vehicles as the restriction doesn't apply to investments made by group companies. As a collateral damage, AIFs in which Banks and NBFCs have invested on ‘arms-length basis’ will also be unable to invest in companies to which such Banks and NBFCs have exposure or investments. Finding a secondary market for these units of AIF will be the biggest challenge in implementation of this circular within the prescribed timelines. #privatecredit #bankingandfinance #DesaiDiwanji #nbfcs #AIFs #RBI