Bharat Rasayan

June 12 (Reuters) -

• INDIA'S MARKET REGULATOR - EXEMPTION ORDER IN THE MATTER OF BHARAT RASAYAN LIMITED

Source text: https://bit.ly/3S4jbwr

Further company coverage: BRSN.NS

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Oct 24 (Reuters) - Bharat Rasayan Ltd BRSN.NS:

• APPROVED ISSUE OF BONUS EQUITY SHARES IN THE RATIO OF 1:1

• APPROVES SHARE SPLIT OF 4.2 MILLION SHARES INTO 8.3 MILLION SHARES

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** Shares of Bharat Rasayan Ltd BRSN.NS rise as much as 20% to hit upper-circuit at 12,815.15 rupees

** Agriculture products maker reported an over 6-fold rise in its Q1 consol net PAT to 431.2 mln rupees ($5.1 mln)

** Rev grew ~18% y/y to 2.82 bln rupees

** Stock on track to gain for 3rd straight day

** More than 38,000 shares traded as of 9:41 a.m. IST, 4.2x their 30-day moving avg, busiest day yet since July 26

** BRSN gained 42.3% YTD so far

($1 = 83.9100 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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** Shares of Bharat Rasayan BRSN.NS up as much as 17.3% at 10,799 rupees, their biggest intraday pct gain since April 28, 2021

** Agrochemical manufacturer reports a more than two-fold jump in March-quarter consolidated profit to 671.1 mln rupees ($8.1 mln)

** Revenue from operations up 1.2% Y/Y

** Stock on track to snap three straight sessions of losses if current trend holds

** More than 23,000 shares change hands in early trade, 14.8x the 30-day avg; busiest yet since March 2022

** Including session's gain, stock up 18% YTD

($1 = 83.2670 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Feb 13 (Reuters) - Bharat Rasayan Ltd BRSN.NS:

• BHARAT RASAYAN DEC-QUARTER CONSOL PROFIT 153.1 MILLION RUPEES VERSUS PROFIT 337.7 MILLION RUPEES

• BHARAT RASAYAN DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.33 BILLION RUPEES VERSUS 3.09 BILLION RUPEES

Source text for Eikon: [ID:]

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** Indian fertilizer and agro-chemicals companies will likely face challenges for two more quarters on destocking by customers, Kotak Institutional Equities analysts said

** Add volume growth will remain under pressure until (and including) Q1 calendar year 2024 on a yoy basis due to destocking

** Outlook for the winter-sown crop season is somewhat challenging in India, especially in the south, due to lower water levels - brokerage

** Says recovery after Q1 CY2024 is seen only as modest, and the recent softness in corn prices is a worry in terms of end-demand for CY2024

** Ten out of 20 companies in Kotak's coverage universe, including Best Agrolife BESA.NS, Bharat Rasayan BRSN.NS, Coromandel CORF.NS, India Pesticides IDIP.NS, Meghmani Organics MEGH.NS, Sumitomo SUMH.NS and UPL UPLL.NS posted fall in core earnings and revenue in Q2 vs year ago

** Two cos, Astec LifeSciences ASTE.NS and Sharda Cropchem SHCR.NS, reported losses from yr ago profit

(Reporting by Nallur Sethuraman in Bengaluru)

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Aug 9 (Reuters) - Bharat Rasayan Ltd BRSN.NS:

• INDIA'S BHARAT RASAYAN JUNE-QUARTER CONSOL PROFIT 70.9 MILLION RUPEES VERSUS PROFIT 376.6 MILLION RUPEES

• BHARAT RASAYAN JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.39 BILLION RUPEES VERSUS 3.27 BILLION RUPEES

Source text for Eikon: ID:nNSE1dQj7j

Further company coverage: BRSN.NS

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May 30 (Reuters) - Bharat Rasayan Ltd BRSN.NS:

• INDIA'S BHARAT RASAYAN MARCH-QUARTER CONSOL PROFIT 302.5 MILLION RUPEES VERSUS PROFIT 645.5 MILLION RUPEES

• BHARAT RASAYAN MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.06 BILLION RUPEES VERSUS 4.45 BILLION RUPEES

• FINAL DIVIDEND OF 1.5 RUPEES PER SHARE

Source text for Eikon: ID:nNSElHbwv

Further company coverage: BRSN.NS

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