Surat Stock Exchange

Shree Cement's Q2 profit rose 2.4 times YoY to Rs 446.6 crore, surpassing estimates. Revenue increased by 18.87% to Rs 4,800 crore, and Ebitda rose 63.82% to Rs 885.8 crore. The Ebitda margin was 18.45%.

Byju's reported an Ebitda loss of Rs 2,250 crore for FY22, despite revenue growth to Rs 3,569 crore. The company faced resignations, valuation cuts, regulatory scrutiny, and employee dissatisfaction. It anticipates filing FY23 results by December 2023.