Sharda Cropchem Limited reported results for the quarter ended September 30, 2018. The company's consolidated revenue for the quarter came in at Rs. 327.96 crore as against Rs. 279.60 crore for the same period last year, registering 17.3 per cent yoy increase.

The EBITDA for the quarter fell by 10.3 per cent yoy to Rs. 227.4 crore as against Rs. 253.6 crore in the corresponding quarter last year, with a corresponding margin contraction of 491 bps. EBITDA margin for the quarter stood at 24.5 per cent. This contraction was led by adverse impact due to steep depreciation of the Indian rupee and increase in input costs.

The standalone order book as on September 30, 2018 stood at Rs.14,179 crores and order inflows YTD FY19 came in at Rs. 4,743 crores.

The company's net revenue for Q2FY19 surged almost 33 per cent yoy to Rs. 996.79 crore. Cable division recorded around 23 per cent volume growth in the quarter as compared to the same period in the previous year. 

Overall volumes in futures & options currently stand at 1.96 crore contracts with a turnover of Rs. 10,53,926.14 crore.

The company has secured a major EPC order from a power and water utility company in the Kingdom of Saudi Arabia. The stock was up more than 6 per cent in early morning trade on Thursday.

Overall volumes in futures & options currently stand at 1.96 crore contracts with a turnover of Rs. 10,53,926.14 crore.

Going ahead, the positive momentum is likely to continue, but the index is expected to face resistance in the zone of 10,410-10,440 as this is the confluence of the downward gap seen on October 19 and 61.8 per cent retracement on the recent downmove. On the downside, the level of 10,275 is likely to act as a strong support for the index. Stocks in news: Eicher Motors, Va Tech Wabag, Lemon Tree Hotels and Shriram EPC.

The stock markets in India are expected to kick-off the new month on an optimistic note as cues from Asian peers are strong and Wall Street's robust close overnight. A positive trend in the SGX Nifty index future, which was trading at 10,424, up by 38 points, also indicated positive opening. In a boost to the Modi government, India moved to the 77^th rank on World Bank’s annual ranking of ease of doing business.

KSB Ltd. reported its results for the quarter ended September 30, 2018  after  market hours today. The standalone numbers were largely  good as compared to the same period last year.