DSIJ Mindshare

Ganga Pharmaceuticals Ltd, Landmark Property Development Company Ltd, and Kay Power and Paper Ltd garnered investor attention by emerging as some of the top gainers on the BSE.

In FY23, net sales increased by 44 per cent to Rs 2,780 crore compared to FY22. The company reported a net profit of Rs 126 crore in FY23, compared to a net loss of Rs 1 crore in FY22. The company has reduced its debt and delivered a strong profit growth of 24.1 per cent CAGR over the last 5 years.

Shares of the company gained more than 120 per cent in the last six months.

The company has a market cap of over Rs 9,500 crore and has delivered good profit growth of 39.5 per cent CAGR over the last 5 years. The company reported positive numbers in its quarterly results (Q1FY24) and annual results (FY23).

This is the first time in the world that the major banks have come together to set up a SCF and SME finance ecosystem to provide SME customers with financing, sourced through various Fintechs and B2B marketplaces.