Mahindra & Mahindra Ltd. (M&M) posted a 35% increase in consolidated net profit to Rs 3,171 crore for Q2 FY25, benefiting from strong performance in its automotive and services sectors and a boost in SUV sales. According to its filing on the stock exchange, the company’s consolidated income from operations rose 10% to Rs 37,924 […]
Hindalco Industries experienced a significant drop in its share price, falling over six percent during early trading, following a report from its U.S.-based subsidiary, Novelis Inc., revealing a decline in quarterly earnings. Novelis posted an 18% year-on-year decrease in net income, amounting to $128 million for Q2 of FY 2024-25. The decline stemmed from a
Tata Steel Ltd posted a consolidated net profit of Rs 759 crore for Q2 FY25, marking a strong return to profitability after a net loss of Rs 6,511 crore in the same quarter last year. However, despite the improved bottom line, Tata Steel’s revenue dipped by 3% year-on-year to Rs 53,905 crore, affected by challenges
Tata Steel Reports Rs 759 Crore Profit in Q2, Recovers from Last Year’s Loss Read More »
Apollo Hospitals reported a strong 59% year-on-year rise in net profit for the July-September quarter, reaching Rs 395.70 crore, driven by higher demand for healthcare services. This is up from Rs 248.80 crore in the same quarter last year. Revenue also grew by 13% to Rs 5,589.3 crore compared to Rs 4,846.9 crore in the
Apollo Hospitals Q2 Net Profit Jumps 59% to Rs 396 Crore; Revenue Climbs 13% Read More »
Sai Life Sciences, Rubicon Research, Metalman Auto, and Sanathan Textiles have received approvals from the Securities and Exchange Board of India (SEBI) to move forward with their initial public offerings (IPOs). With SEBI’s observation letters dated October 31, these companies have the green light to launch IPOs within a year. Notably, BMW Ventures withdrew its
Shares of RITES Ltd climbed by around 2% on November 6 after the state-owned engineering consultancy firm announced a new contract from Delhi Metro Rail Corporation (DMRC) valued at Rs 36.36 crore (excluding GST). This order is for retrofit work on RS-1 trains, aimed at upgrading and enhancing train performance and lifespan. The work is
Shares of Triveni Engineering and Industries dropped 5% on November 6 after the company posted disappointing results for the July-September quarter. The company reported a consolidated net loss of Rs 22.4 crore, a stark contrast to its net profit of Rs 29.1 crore in the same period last year, primarily due to weaker profitability in
The Sagility India IPO, a healthcare technology-enabled services provider, has garnered 40% subscription by its second day of bidding, November 6. The offering received close to 14 crore bids against the 38.7 crore shares available, as per NSE data. Retail individual investors (RIIs) led the demand, with their portion nearly twice subscribed. Non-institutional investors (NIIs)
Hi-Tech Pipes reported a substantial 72% increase in net profit for the second quarter, reaching Rs 18.11 crore, boosted by cost reductions. The steel products manufacturer had posted a net profit of Rs 10.52 crore during the same period last fiscal, the company revealed on Tuesday. Despite the profit jump, Hi-Tech Pipes’ total income for
Hi-Tech Pipes Q2 Net Profit Jumps 72% to Rs 18 Crore on Lower Expenses Read More »
Rail Vikas Nigam Ltd (RVNL) shares climbed 5% on November 6 after the company, along with Rithwik Projects Pvt Ltd (RPPL), emerged as the lowest bidder (L1) for a major contract in the Bengaluru Suburban Rail Project (BSRP). This significant win boosted RVNL’s shares, trading at Rs 467.25 by 9:34 AM, up nearly 4%. Year-to-date,
RVNL Shares Surge 5% After Emerging as Lowest Bidder for Bengaluru Rail Project Read More »
