Latest news with #BNPParibasFinancialMarkets
Time of India
6 days ago
- Business
- Time of India
FSN E-Commerce Ventures block deal: BNP Paribas sells shares worth Rs 502 crore in Nykaa parent
FSN E-Commerce Ventures , which operates beauty & personal care brand Nykaa , witnessed a couple of block deals in which French multinational bank BNP Paribas net sold shares worth Rs 502 crore through its investment arm BNP Paribas Financial Markets. It sold over 2.48 crore shares at a price of Rs 202.81 a piece which was at a 1% discount from the Thursday closing price of Rs 204.65 on the BSE. The size of the deal was Rs 504 crore. In another block deal , BNP Paribas Financial Markets bought over 1 lakh shares at a price of Rs 202.08 per share, taking the deal size to Rs 2 crore. Also Read: Nykaa Q4 Results: Cons PAT skyrockets 193% YoY to Rs 20 crore, revenue up 24% FSN E-Commerce, which operates Nykaa brand, announced its Q4FY25 earnings on Friday where the company reported a net profit growth of 193% to Rs 20 crore versus Rs 7 crore in the year ago period. The profit is attributable to the equity shareholders of the parent. The revenue from operations was reported at Rs 2,062 crore which was a 24% uptick over Rs 1,668 crore reported in the corresponding period of the previous financial year. The profit after tax was down by just over 2% on a sequential basis versus Rs 26 crore reported in Q3FY25 while the revenue from operations declined 9% over Rs 2,267 crore reported in the October-December quarter of FY25. For the full financial year, the net profit stood at Rs 66 crore, up by 105% versus Rs 32 crore posted by the company in FY25. The topline was up at Rs 7,950 crore in FY25 from Rs 6,386 crore in FY24, recording a growth of 24%. The earnings were announced after market hours and Nykaa shares today ended at Rs 200.80 on the NSE, down by Rs 3.71 or 1.81% over the Thursday closing price. The overall sentiments remained subdued today as the headline index Nifty today closed at 24,750.70, down 0.33%.
Time of India
6 days ago
- Business
- Time of India
Eternal block deal: BNP Paribas buys shares worth Rs 1,484 crore in Zomato parent
Eternal shares ended with 5% gains on Friday, likely riding on a block deal where BNP Paribas Financial Markets bought shares worth Rs 1,484 crore in the food delivery company. BNP Paribas Financial Markets, which is an arm of French multinational bank BNP Paribas, today bought over 6.24 crore shares at a price of Rs 238.25 a piece. The deal is worth Rs 1,489 crore. In a separate block deal, it also sold nearly 1.9 lakh shares at a price of Rs 239.95, taking the deal size to Rs 4.5 crore. On a net basis, shares worth Rs 1,484 crore were purchased. Eternal shares were purchased by BNP Paribas at a premium of 4.3% over the Thursday closing price of Rs 228.37 on the NSE. The deal followed a reduction in the Foreign Ownership Limit (FOL) by FTSE. In FTSE All World Index, the investability weighting of the stock went down from 82.74% to 49.5%. Also Read: Eternal may see outflows worth $840 million following FTSE, MSCI's weight cuts Live Events Eternal saw its net profit fall by 78% year-on-year (YoY) to Rs 39 crore in the March 2025 quarter. Revenue from operations increased 64% YoY to Rs 5,833 crore. Profitability was hit by higher expenses, which jumped as much as 68% YoY to Rs 6,104 crore. The drop in profit was also attributed to higher investments in expanding the company's quick commerce vertical, Blinkit, as well as increased infrastructure costs across segments. Adjusted EBITDA during the fourth quarter declined 15% YoY to Rs 165 crore.
Economic Times
6 days ago
- Business
- Economic Times
Eternal block deal: BNP Paribas buys shares worth Rs 1,484 crore in Zomato parent
Eternal shares ended with 5% gains on Friday, likely riding on a block deal where BNP Paribas Financial Markets bought shares worth Rs 1,484 crore in the food delivery company. ADVERTISEMENT BNP Paribas Financial Markets, which is an arm of French multinational bank BNP Paribas, today bought over 6.24 crore shares at a price of Rs 238.25 a piece. The deal is worth Rs 1,489 crore. In a separate block deal, it also sold nearly 1.9 lakh shares at a price of Rs 239.95, taking the deal size to Rs 4.5 crore. On a net basis, shares worth Rs 1,484 crore were purchased. Eternal shares were purchased by BNP Paribas at a premium of 4.3% over the Thursday closing price of Rs 228.37 on the NSE. The deal followed a reduction in the Foreign Ownership Limit (FOL) by FTSE. In FTSE All World Index, the investability weighting of the stock went down from 82.74% to 49.5%. Also Read: Eternal may see outflows worth $840 million following FTSE, MSCI's weight cuts Eternal saw its net profit fall by 78% year-on-year (YoY) to Rs 39 crore in the March 2025 quarter. Revenue from operations increased 64% YoY to Rs 5,833 crore. Profitability was hit by higher expenses, which jumped as much as 68% YoY to Rs 6,104 crore. ADVERTISEMENT The drop in profit was also attributed to higher investments in expanding the company's quick commerce vertical, Blinkit, as well as increased infrastructure costs across EBITDA during the fourth quarter declined 15% YoY to Rs 165 crore. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
