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Nifty settles above 9500 level ahead of GDP data
(16:50, 29 May 2020)

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Key-market-barometers-ended-with-modest-gains-on-Friday,-ahead-of-India's-Q4-GDP-data-to-be-released-later-today.-The-buying-was-supported-by-hope-of-further-opening-up-of-the-economy.-The-barometer-S&P-BSE-Sensex-surged-223.51-points-or-0.69%-at-32,424.10.-The-Nifty-50-index-gained-90.20-points-or-0.95%-at-9,580.30.

The-Nifty-opened-lower-at-9422.20-and-hit-an-intraday-low-of-9376.90-in-early-trade.-The-index-recouped-losses-in-mid-morning-and-traded-sideways-near-the-flat-line-in-the-afternoon.-Buying-spree-in-last-one-hour-of-trade-push-the-index-above-9500-mark.

The-broader-market-rallied.-The-S&P-BSE-Mid-Cap-index-surged-1.90%-while-the-S&P-BSE-Small-Cap-index-rallied-1.14%.-

There-were-more-buyer-than-sellers.-On-the-BSE,-1419-shares-rose-and-931-shares-fell.-A-total-of-161-shares-were-unchanged.-

The-Sensex-and-the-Nifty-have-risen-about-6%-in-the-three-straight-sessions.-

The-Centre-is-expected-to-put-out-details-of-a-possible-lockdown-extension-soon.-The-nationwide-lockdown-was-first-announced-by-Prime-Minister-Narendra-Modi-on-March-24-for-21-days-in-a-bid-to-combat-the-coronavirus-pandemic.-It-was-first-extended-till-May-3-and-again-till-May-17.-The-fourth-phase-of-the-lockdown-ends-on-May-31.

Economy:

India's-Q4-gross-domestic-product-(GDP)-data-will-be-announced-by-the-National-Statistical-Office-(NSO)-today,-29-May-2020.-The-Indian-economy-expanded-4.7%-YoY-in-Q3-December-2019.

On-the-macro-front,-foreign-direct-investment-(FDI)-in-India-grew-by-13%-to-a-record-of-$49.97-billion-in-the-2019-20-financial-year,-data-showed.-The-country-had-received-FDI-of-$44.36-billion-during-April-March-2018-19.

COVID-19-Update:

Total-COVID-19-confirmed-cases-worldwide-stood-at-58,29,474-far-with-3,60,776-deaths.-India-reported-89,987-active-cases-of-COVID-19-infection-and-4,706-deaths,-according-to-the-data-from-the-Ministry-of-Health-and-Family-Welfare,-Government-of-India.

Numbers-to-Track:

The-yield-on-10-year-benchmark-federal-paper-rose-to-6.016%-compared-with-previous-closing-of-5.99%-in-the-previous-trading-session.

In-the-foreign-exchange-market,-the-partially-convertible-rupee-edged-higher-to-75.62-compared-with-its-previous-closing-of-75.76.

In-the-commodities-market,-Brent-crude-for-July-2020-settlement-was-down-$1.11-to-$34.18-a-barrel.-The-contract-rose-1.58%-to-settle-at-$35.29-a-barrel-in-the-previous-trading-session.

MCX-Gold-futures-for-5-June-2020-settlement-rose-0.51%-to-₹-46,640.

Global-Markets:

European-markets-snapped-their-winning-streak-and-traded-with-losses-on-account-of-re-escalating-US-China-tensions.-Reports-say-that-Washington-D.C.-has-piled-up-pressure-on-Beijing-accusing-China-for-the-coronavirus-outbreak-and,-more-recently,-a-new-security-law-for-Hong-Kong-that-threatens-the-special-administrative-region's-autonomy,-according-to-Secretary-of-State-Mike-Pompeo.

Meanwhile,-France-is-set-to-enter-its-second-phase-of-its-coronavirus-lockdown-easing-with-restaurants,-bars-and-cafes-to-reopen-from-2-June-2020.-In-the-U.K.,-groups-of-six-people-from-different-households-will-be-allowed-to-meet-in-gardens-as-well-as-parks-from-Monday-onwards,-provided-households-remain-2-meters-apart.

Asian-markets-closed-on-a-mixed-note-on-Friday-as-investors-watch-for-market-reaction-to-China's-controversial-national-security-law-for-Hong-Kong-that-was-approved-on-Thursday.

The-U.S.,-Australia,-Canada-and-the-U.K.-governments-issued-a-joint-statement-Thursday-reiterating-their-deep-concern-regarding-Beijing's-decision-to-impose-a-national-security-law-on-Hong-Kong,-after-China's-parliament,-the-National-People's-Congress-passed-legislation-Thursday-that-could-greatly-curtail-democratic-freedoms.

On-the-economic-data-front,-Japan's-retail-sales-fell-13.7%-year-on-year-in-April,-according-to-data-released-today-showed.

In-US,-Wall-Street-ended-lower-on-Thursday-following-a-late-session-reversal,-with-Facebook-weighing-on-the-market-after-President-Donald-Trump-said-he-would-sign-an-executive-order-related-to-social-media-companies-and-would-hold-a-news-conference-on-China-on-Friday.

On-the-economic-front,-US-GDP-contracted-at-an-annual-5%-pace-in-the-first-quarter-instead-of-4.8%,-revised-government-data-showed.-

Buzzing-Indian-Segments:

The-Nifty-Pharma-index-climbed-3.21%-to-9,768.60.-Divis-Laboratories-(up-4.92%),-Aurobindo-Pharma-(up-4.37%),-Dr.-Reddy's-Laboratories-(up-4.35%),-GlaxoSmithKline-Pharmaceuticals-(up-3.63%),-Sun-Pharmaceutical-Industries-(up-3.53%),-Glenmark-Pharmaceuticals-(up-3.36%),-Cipla-(up-3.07%),-Abbott-India-(up-1.23%)-and-Strides-Pharma-(up-0.63%)-advanced.-

Cadila-Healthcare-rose-1.89%-after-the-company's-formulations-manufacturing-facility-located-at-Baddi,-Himachal-Pradesh-received-an-establishment-inspection-report-(EIR)-from-the-US-drug-regulator.-The-United-States-Food-&-Drug-Administration-(USFDA)-had-conducted-the-inspection-at-the-facility-from-2nd-to-9th-March-2020.-

Lupin-fell-1.32%.-The-drug-major's-consolidated-net-profit-jumped-32%-to-₹-391.29-crore-on-0.4%-slip-in-net-sales-to-₹-3,791-crore-in-Q4-March-2020-over-Q4-March-2019.-The-jump-in-net-profit-was-supported-by-a-185%-surge-in-other-income-and-an-exceptional-gain-of-₹-83-crore.-The-exceptional-gain-was-due-to-profit-on-sale-of-its-stake-in-Kyowa-Pharmaceutical-Industry.-Consolidated-profit-before-tax-(PBT)-dropped-16%-to-₹-496.36-crore-in-Q4-March-2020-as-against-₹-590.64-crore-in-Q4-March-2019.-Current-tax-expenses-fell-68.9%-to-₹-96.51-crore-in-Q4-March-2020-as-compared-to-₹-310.44-crore-in-Q4-March-2019.-EBITDA-fell-13.9%-to-₹-733.90-crore-in-Q4-March-2020-from-₹-852.50-crore-in-Q4-March-2019.-EBITDA-margin-stood-at-19.4%-in-Q4-FY20-as-against-22.4%-in-Q4-FY19.-Investment-in-R&D-for-continued-operations-amounted-to-₹-344.20-crore-(9.1%-of-sales)-for-Q4-FY20.-Total-formulations-sales-fell-1.5%-to-₹-3462.40-crore-while-total-API-sales-rose-12.8%-to-328.60-crore-in-Q4-March-2020-over-Q4-March-2019.-

The-Nifty-Realty-index-jumped-4.28%-to-180.10.-The-index-rose-10.12%-in-four-sessions.-

Prestige-Estates-(up-8.30%),-Phoenix-Mills-(up-8.14%),-Godrej-Properties-(up-4.81%),-DLF-(up-4.68%),-HDIL-(up-4.55%),-Oberoi-Realty-(up-4.37%),-Peninsula-Land-(up-4.17%),-Anant-Raj-(up-1.68%),-Unitech-(up-0.81%),-Omaxe-(up-0.79%),-Mahindra-Lifespace-Developers-(up-0.14%)-and-Brigade-Enterprises-(up-0.10%)-advanced.-

Stocks-in-Spotlight:

ITC-(up-3.62%),-Larsen-&-Toubro-(up-3.24%)-Hindustan-Unilever-(up-2.37%),-HDFC-(up-2.08%)-and--ICICI-Bank-(up-1.64%)-were-some-of-the-index-movers.-

Vodafone-Idea-surged-12.71%-on-media-reports-that-Google-was-considering-buying-5%-stake-in-the-Indian-telecom-player.-The-scrip-jumped-34.88%-to-hit-the-day's-high-at-₹-7.85-on-the-BSE.-The-counter-clocked-a-volume-of-23.68-crore-shares-as-against-its-average-trading-volume-of-5.51-crore-shares-in-the-past-one-quarter.-For-Vodafone-Idea,-an-investment-by-Google-could-boost-the-likelihood-of-its-survival,-the-reports-added.-A-foreign-brokerage-reportedly-said-that-such-a-deal-would-be-a-strategic-positive-for-Vodafone-Idea-but-have-little-impact-on-leverage.-Capital-raise-could-become-easier-if-Google-invests,-it-added.

The-company,-however,-clarified-that-it-constantly-evaluates-various-opportunities-for-enhancing-the-stakeholders'-value.-Currently,-there-is-no-proposal-as-reported-by-the-media-that-is-being-considered-at-the-board.

Wipro-soared-6.65%-after-the-IT-major-appointed-Capgemini-executive-Thierry-Delaporte-as-its-chief-executive-officer-and-managing-director.-Delaporte-will-take-over-as-the-Chief-Executive-Officer-and-Managing-Director-of-the-company,-effective-6-July-2020.-Abidali-Neemuchwala-will-relinquish-his-position-as-CEO-and-MD-on-1-June.-Neemuchwala-left-the-technology-firm-after-four-years-due-to-personal-commitments.-Rishad-Premji-will-oversee-the-day-to-day-operations-of-the-company-until-5-July.

Earnings-Impact:

CEAT-advanced-4.99%.-The-company's-consolidated-net-profit-declined-19.6%-to-₹-51.72-crore-on-10.6%-fall-in-net-sales-to-₹-1573.41-crore-in-Q4-March-2020-over-Q4-March-2019.-Consolidated-EBITDA-stood-at-₹-203-crore-in-Q4-March-2020,-rising-22.29%-from-₹-166-crore-in-the-same-period-last-year.-EBITDA-margin-rose-to-12.9%-in-Q4-March-2020-from-9.4%-in-Q4-March-2019.-The-company-said-it-has-made-provisions-for-unusable-semi-finished-inventory-and-raw-materials-aggregating-to-₹-13.27-crore-due-to-abrupt-stoppage-of-production-facilities.-The-company-further-said-it-has-not-capitalized-further-borrowing-cost-due-to-temporary-suspension-related-to-ongoing-capital-project,-contract-manpower-cost-and-export-detention-aggregating-to-₹-2.67-crore.-These-costs-have-been-disclosed-as-exception-items.

HeidelbergCement-India-gained-3.81%-after-standalone-net-profit-grew-9%-to-₹-66.29-crore-on-4.7%-decline-in-net-sales-to-₹-509.29-crore-in-Q4-March-2020-over-Q4-March-2019.-Sales-volume-for-Q4-March-2020-1090-kilotonne-(KT),-declining-10%-from-1211-KT-in-Q4-March-2019.-EBITDA-rose-1.9%-to-to-₹-127.3-crore-in-quarter-ending-March-2020-as-against-₹-124.9-crore-posted-in-the-same-period-last-year.-EBITDA-margin-grew-by-164-basis-points-to-25%-in-Q4-March-2020-from-23.4%-in-Q4-March-2019.-EBITDA-per-tonne-jumped-13.2%-to-₹-1,168-in-Q4-March-2020-from-₹-1032-in-Q4-March-2019.

LT-Foods-spurted-7.80%-after-consolidated-net-profit-surged-167.10%-to-₹-58.34-crore-on-18.8%-jump-in-net-sales-to-₹-1,197.95-crore-in-Q4-March-2020-over-Q4-March-2019.-Consolidated-profit-before-tax-soared-149.80%-to-₹-82.50-crore-in-Q4-March-2020-as-against-₹-33.03-crore-in-Q4-March-2019.-Current-tax-expenses-stood-at-₹-29.35-crore-in-Q4-March-2020-as-compared-to-₹-5.24-crore-paid-in-Q4-March-2019.-EBITDA-grew-54%-to-₹-150-crore-in-Q4-March-2020-from-₹-98-crore-in-Q4-March-2019.-EBITDA-margin-improved-to-12.3%-in-Q4-FY-2020-as-against-9.6%-in-Q4-FY-2019,-aided-by-operational-efficiencies.-The-result-was-declared-after-market-hours-yesterday,-28-May-2020.

Powered-by-Capital-Market---Live-News

Key-market-barometers-ended-with-modest-gains-on-Friday,-ahead-of-India's-Q4-GDP-data-to-be-released-later-today.-The-buying-was-supported-by-hope-of-further-opening-up-of-the-economy.-The-barometer-S&P-BSE-Sensex-surged-223.51-points-or-0.69%-at-32,424.10.-The-Nifty-50-index-gained-90.20-points-or-0.95%-at-9,580.30.

The-Nifty-opened-lower-at-9422.20-and-hit-an-intraday-low-of-9376.90-in-early-trade.-The-index-recouped-losses-in-mid-morning-and-traded-sideways-near-the-flat-line-in-the-afternoon.-Buying-spree-in-last-one-hour-of-trade-push-the-index-above-9500-mark.

The-broader-market-rallied.-The-S&P-BSE-Mid-Cap-index-surged-1.90%-while-the-S&P-BSE-Small-Cap-index-rallied-1.14%.-

There-were-more-buyer-than-sellers.-On-the-BSE,-1419-shares-rose-and-931-shares-fell.-A-total-of-161-shares-were-unchanged.-

The-Sensex-and-the-Nifty-have-risen-about-6%-in-the-three-straight-sessions.-

The-Centre-is-expected-to-put-out-details-of-a-possible-lockdown-extension-soon.-The-nationwide-lockdown-was-first-announced-by-Prime-Minister-Narendra-Modi-on-March-24-for-21-days-in-a-bid-to-combat-the-coronavirus-pandemic.-It-was-first-extended-till-May-3-and-again-till-May-17.-The-fourth-phase-of-the-lockdown-ends-on-May-31.

Economy:

India's-Q4-gross-domestic-product-(GDP)-data-will-be-announced-by-the-National-Statistical-Office-(NSO)-today,-29-May-2020.-The-Indian-economy-expanded-4.7%-YoY-in-Q3-December-2019.

On-the-macro-front,-foreign-direct-investment-(FDI)-in-India-grew-by-13%-to-a-record-of-$49.97-billion-in-the-2019-20-financial-year,-data-showed.-The-country-had-received-FDI-of-$44.36-billion-during-April-March-2018-19.

COVID-19-Update:

Total-COVID-19-confirmed-cases-worldwide-stood-at-58,29,474-far-with-3,60,776-deaths.-India-reported-89,987-active-cases-of-COVID-19-infection-and-4,706-deaths,-according-to-the-data-from-the-Ministry-of-Health-and-Family-Welfare,-Government-of-India.

Numbers-to-Track:

The-yield-on-10-year-benchmark-federal-paper-rose-to-6.016%-compared-with-previous-closing-of-5.99%-in-the-previous-trading-session.

In-the-foreign-exchange-market,-the-partially-convertible-rupee-edged-higher-to-75.62-compared-with-its-previous-closing-of-75.76.

In-the-commodities-market,-Brent-crude-for-July-2020-settlement-was-down-$1.11-to-$34.18-a-barrel.-The-contract-rose-1.58%-to-settle-at-$35.29-a-barrel-in-the-previous-trading-session.

MCX-Gold-futures-for-5-June-2020-settlement-rose-0.51%-to-₹-46,640.

Global-Markets:

European-markets-snapped-their-winning-streak-and-traded-with-losses-on-account-of-re-escalating-US-China-tensions.-Reports-say-that-Washington-D.C.-has-piled-up-pressure-on-Beijing-accusing-China-for-the-coronavirus-outbreak-and,-more-recently,-a-new-security-law-for-Hong-Kong-that-threatens-the-special-administrative-region's-autonomy,-according-to-Secretary-of-State-Mike-Pompeo.

Meanwhile,-France-is-set-to-enter-its-second-phase-of-its-coronavirus-lockdown-easing-with-restaurants,-bars-and-cafes-to-reopen-from-2-June-2020.-In-the-U.K.,-groups-of-six-people-from-different-households-will-be-allowed-to-meet-in-gardens-as-well-as-parks-from-Monday-onwards,-provided-households-remain-2-meters-apart.

Asian-markets-closed-on-a-mixed-note-on-Friday-as-investors-watch-for-market-reaction-to-China's-controversial-national-security-law-for-Hong-Kong-that-was-approved-on-Thursday.

The-U.S.,-Australia,-Canada-and-the-U.K.-governments-issued-a-joint-statement-Thursday-reiterating-their-deep-concern-regarding-Beijing's-decision-to-impose-a-national-security-law-on-Hong-Kong,-after-China's-parliament,-the-National-People's-Congress-passed-legislation-Thursday-that-could-greatly-curtail-democratic-freedoms.

On-the-economic-data-front,-Japan's-retail-sales-fell-13.7%-year-on-year-in-April,-according-to-data-released-today-showed.

In-US,-Wall-Street-ended-lower-on-Thursday-following-a-late-session-reversal,-with-Facebook-weighing-on-the-market-after-President-Donald-Trump-said-he-would-sign-an-executive-order-related-to-social-media-companies-and-would-hold-a-news-conference-on-China-on-Friday.

On-the-economic-front,-US-GDP-contracted-at-an-annual-5%-pace-in-the-first-quarter-instead-of-4.8%,-revised-government-data-showed.-

Buzzing-Indian-Segments:

The-Nifty-Pharma-index-climbed-3.21%-to-9,768.60.-Divis-Laboratories-(up-4.92%),-Aurobindo-Pharma-(up-4.37%),-Dr.-Reddy's-Laboratories-(up-4.35%),-GlaxoSmithKline-Pharmaceuticals-(up-3.63%),-Sun-Pharmaceutical-Industries-(up-3.53%),-Glenmark-Pharmaceuticals-(up-3.36%),-Cipla-(up-3.07%),-Abbott-India-(up-1.23%)-and-Strides-Pharma-(up-0.63%)-advanced.-

Cadila-Healthcare-rose-1.89%-after-the-company's-formulations-manufacturing-facility-located-at-Baddi,-Himachal-Pradesh-received-an-establishment-inspection-report-(EIR)-from-the-US-drug-regulator.-The-United-States-Food-&-Drug-Administration-(USFDA)-had-conducted-the-inspection-at-the-facility-from-2nd-to-9th-March-2020.-

Lupin-fell-1.32%.-The-drug-major's-consolidated-net-profit-jumped-32%-to-₹-391.29-crore-on-0.4%-slip-in-net-sales-to-₹-3,791-crore-in-Q4-March-2020-over-Q4-March-2019.-The-jump-in-net-profit-was-supported-by-a-185%-surge-in-other-income-and-an-exceptional-gain-of-₹-83-crore.-The-exceptional-gain-was-due-to-profit-on-sale-of-its-stake-in-Kyowa-Pharmaceutical-Industry.-Consolidated-profit-before-tax-(PBT)-dropped-16%-to-₹-496.36-crore-in-Q4-March-2020-as-against-₹-590.64-crore-in-Q4-March-2019.-Current-tax-expenses-fell-68.9%-to-₹-96.51-crore-in-Q4-March-2020-as-compared-to-₹-310.44-crore-in-Q4-March-2019.-EBITDA-fell-13.9%-to-₹-733.90-crore-in-Q4-March-2020-from-₹-852.50-crore-in-Q4-March-2019.-EBITDA-margin-stood-at-19.4%-in-Q4-FY20-as-against-22.4%-in-Q4-FY19.-Investment-in-R&D-for-continued-operations-amounted-to-₹-344.20-crore-(9.1%-of-sales)-for-Q4-FY20.-Total-formulations-sales-fell-1.5%-to-₹-3462.40-crore-while-total-API-sales-rose-12.8%-to-328.60-crore-in-Q4-March-2020-over-Q4-March-2019.-

The-Nifty-Realty-index-jumped-4.28%-to-180.10.-The-index-rose-10.12%-in-four-sessions.-

Prestige-Estates-(up-8.30%),-Phoenix-Mills-(up-8.14%),-Godrej-Properties-(up-4.81%),-DLF-(up-4.68%),-HDIL-(up-4.55%),-Oberoi-Realty-(up-4.37%),-Peninsula-Land-(up-4.17%),-Anant-Raj-(up-1.68%),-Unitech-(up-0.81%),-Omaxe-(up-0.79%),-Mahindra-Lifespace-Developers-(up-0.14%)-and-Brigade-Enterprises-(up-0.10%)-advanced.-

Stocks-in-Spotlight:

ITC-(up-3.62%),-Larsen-&-Toubro-(up-3.24%)-Hindustan-Unilever-(up-2.37%),-HDFC-(up-2.08%)-and--ICICI-Bank-(up-1.64%)-were-some-of-the-index-movers.-

Vodafone-Idea-surged-12.71%-on-media-reports-that-Google-was-considering-buying-5%-stake-in-the-Indian-telecom-player.-The-scrip-jumped-34.88%-to-hit-the-day's-high-at-₹-7.85-on-the-BSE.-The-counter-clocked-a-volume-of-23.68-crore-shares-as-against-its-average-trading-volume-of-5.51-crore-shares-in-the-past-one-quarter.-For-Vodafone-Idea,-an-investment-by-Google-could-boost-the-likelihood-of-its-survival,-the-reports-added.-A-foreign-brokerage-reportedly-said-that-such-a-deal-would-be-a-strategic-positive-for-Vodafone-Idea-but-have-little-impact-on-leverage.-Capital-raise-could-become-easier-if-Google-invests,-it-added.

The-company,-however,-clarified-that-it-constantly-evaluates-various-opportunities-for-enhancing-the-stakeholders'-value.-Currently,-there-is-no-proposal-as-reported-by-the-media-that-is-being-considered-at-the-board.

Wipro-soared-6.65%-after-the-IT-major-appointed-Capgemini-executive-Thierry-Delaporte-as-its-chief-executive-officer-and-managing-director.-Delaporte-will-take-over-as-the-Chief-Executive-Officer-and-Managing-Director-of-the-company,-effective-6-July-2020.-Abidali-Neemuchwala-will-relinquish-his-position-as-CEO-and-MD-on-1-June.-Neemuchwala-left-the-technology-firm-after-four-years-due-to-personal-commitments.-Rishad-Premji-will-oversee-the-day-to-day-operations-of-the-company-until-5-July.

Earnings-Impact:

CEAT-advanced-4.99%.-The-company's-consolidated-net-profit-declined-19.6%-to-₹-51.72-crore-on-10.6%-fall-in-net-sales-to-₹-1573.41-crore-in-Q4-March-2020-over-Q4-March-2019.-Consolidated-EBITDA-stood-at-₹-203-crore-in-Q4-March-2020,-rising-22.29%-from-₹-166-crore-in-the-same-period-last-year.-EBITDA-margin-rose-to-12.9%-in-Q4-March-2020-from-9.4%-in-Q4-March-2019.-The-company-said-it-has-made-provisions-for-unusable-semi-finished-inventory-and-raw-materials-aggregating-to-₹-13.27-crore-due-to-abrupt-stoppage-of-production-facilities.-The-company-further-said-it-has-not-capitalized-further-borrowing-cost-due-to-temporary-suspension-related-to-ongoing-capital-project,-contract-manpower-cost-and-export-detention-aggregating-to-₹-2.67-crore.-These-costs-have-been-disclosed-as-exception-items.

HeidelbergCement-India-gained-3.81%-after-standalone-net-profit-grew-9%-to-₹-66.29-crore-on-4.7%-decline-in-net-sales-to-₹-509.29-crore-in-Q4-March-2020-over-Q4-March-2019.-Sales-volume-for-Q4-March-2020-1090-kilotonne-(KT),-declining-10%-from-1211-KT-in-Q4-March-2019.-EBITDA-rose-1.9%-to-to-₹-127.3-crore-in-quarter-ending-March-2020-as-against-₹-124.9-crore-posted-in-the-same-period-last-year.-EBITDA-margin-grew-by-164-basis-points-to-25%-in-Q4-March-2020-from-23.4%-in-Q4-March-2019.-EBITDA-per-tonne-jumped-13.2%-to-₹-1,168-in-Q4-March-2020-from-₹-1032-in-Q4-March-2019.

LT-Foods-spurted-7.80%-after-consolidated-net-profit-surged-167.10%-to-₹-58.34-crore-on-18.8%-jump-in-net-sales-to-₹-1,197.95-crore-in-Q4-March-2020-over-Q4-March-2019.-Consolidated-profit-before-tax-soared-149.80%-to-₹-82.50-crore-in-Q4-March-2020-as-against-₹-33.03-crore-in-Q4-March-2019.-Current-tax-expenses-stood-at-₹-29.35-crore-in-Q4-March-2020-as-compared-to-₹-5.24-crore-paid-in-Q4-March-2019.-EBITDA-grew-54%-to-₹-150-crore-in-Q4-March-2020-from-₹-98-crore-in-Q4-March-2019.-EBITDA-margin-improved-to-12.3%-in-Q4-FY-2020-as-against-9.6%-in-Q4-FY-2019,-aided-by-operational-efficiencies.-The-result-was-declared-after-market-hours-yesterday,-28-May-2020.

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