El Niño Weather Pattern Expected to Form in June-July 5 days ago
The El Niño weather pattern is expected to form in June-July. El Niño involves warming of sea surface temperatures in the tropical Pacific and can influence weather patterns globally. The development holds potential relevance for agriculture and commodity markets. No additional financial or quantitative data was provided in the source material.
EL Forge Limited Posts 21.1% Revenue Growth Amid Margin Pressure in Q1
EL Forge Limited, a steel forgings manufacturer, reported a 21.1% year-over-year revenue increase to ₹2,060.67 lakh in Q1. The forgings segment drove growth with a 21.6% increase. However, net profit declined by 14.5% to ₹39.28 lakh, with EPS dropping to ₹0.19. EBITDA margin contracted from 6.2% to 4.8%, while net profit margin decreased from 2.7% to 1.9%. Total assets grew by 4.2%, and the current ratio improved slightly to 1.69. Operational expenses saw significant increases across materials, employee benefits, and other expenses.