DSIJ Mindshare

The company's consolidated revenue for Q1FY20 was at Rs 2,022 crore as compared to Rs. 1,872 in Q1FY19, a growth of 8 per cent YoY. EBITDA was at Rs. 558 crore, up by 11 per cent YoY and EBITDA margin was 28 per cent. 

Haryana-based automotive seating system manufacturer Bharat Seats informed in a stock exchange filing that it had received approval for the new production facility, on Wednesday.

India’s largest paint producer Asian Paints reported a strong set of numbers amid volatile market conditions. Reacting to the results, the stock of Asian Paints was up more than 3 per cent on Wednesday.

Hyderabad-based alloy manufacturer Mishra Dhatu Nigam informed in a press release about its contribution in Chandrayaan-2 mission with the supply of Ultra High Strength Steel (UHSS) and titanium alloys, after market hours on Tuesday.

Citing muted domestic demand, the International Monetary Fund (IMF) has lowered the GDP growth target of India from the earlier 7.3 per cent to 7 per cent for FY20 and 7.2 per cent for the following year, on Tuesday.