Shares of Mankind Pharma dropped nearly 6 percent on January 24 following a sharp decline in its October-December net profit. The company reported a 16 percent year-on-year fall in profit to Rs 385 crore for Q3 FY25, impacted by increased expenses and the acquisition of Bharat Serums and Vaccines (BSV). At 9:51 AM, the company’s […]
Mankind Pharma Shares Fall 6% After Q3 Net Profit Declines 16% Read More »
Karamtara Engineering, a leading manufacturer of solar mounting structures and tracker components, has filed its draft papers with SEBI to launch an Initial Public Offering (IPO) worth Rs 1,750 crore. The company aims to use the IPO proceeds to significantly reduce its debt burden. The IPO will include a fresh equity issuance of Rs 1,350
EPack Prefab Technologies, one of the main players in the Prefab Building Solutions segment, on Monday filed a draft red-herring prospectus with capital market regulator SEBI for an Initial Public Offering. This is for a proposed fresh issue of shares for Rs 300 crore and OFS of one crore shares by the promoters according to
EPack Prefab Technologies Files IPO Papers to Raise Rs 300 Crore via Fresh Issue Read More »
UltraTech Cement, the country’s largest cement producer, reported a 17 percent YoY decline in consolidated net profit to Rs 1,470 crore for the third quarter of FY25. However, the result came in better than the market had expected as a Moneycontrol poll had estimated a sharper drop of 26 percent YoY to Rs 1,304 crore.
UltraTech Cement Q3 Results: Net Profit Drops 17% YoY to Rs 1,470 Crore, Shares Rise 6% Read More »
Adani Energy Solutions reported a robust 73% year-on-year (YoY) jump in consolidated net profit to Rs 561.8 crore for the third quarter ended December 31, 2024. In the same quarter last year, the company had recorded a net profit of Rs 324.90 crore. The consolidated income of the company jumped to Rs 6,000.39 crore in
Shares of Larsen & Toubro (L&T) fell by 1% on January 25 after reports suggested its bid for India’s Rs 70,000 crore P75(I) submarine project was disqualified. Meanwhile, shares of Mazagon Dock Shipbuilders (MDL) surged over 5% to Rs 2,411, as it emerged as the sole qualifying contender for the project. The P75(I) project, covered
Housing & Urban Development Corporation Ltd (HUDCO) reported a 42% year-on-year (YoY) growth in its net profit for Q3 FY25, reaching Rs 735 crore compared to Rs 519.23 crore in the same period last year. The Navratna company also recorded a strong 37% YoY increase in revenue, which stood at Rs 2,760 crore, up from
HUDCO Q3 Results: Net Profit Rises 42% YoY to Rs 735 Crore, Declares Rs 2.05 Dividend Read More »
HDFC Bank reported a 2.2 percent year-on-year (YoY) increase in its net profit, reaching Rs 16,736 crore for the quarter ending December 2024. This is slightly above the market estimate of Rs 16,650 crore predicted by Moneycontrol. The bank’s net interest income too increased 8 percent YoY, to Rs 30,690 crore, in line with analysts
HDFC Bank Q3 Results: Net Profit Rises 2.2% YoY to Rs 16,736 Crore Read More »
The state of Maharashtra secured 31 MoUs amounting to investments of more than ₹6.25 lakh crore at the World Economic Forum, Davos, in Switzerland. The deals span sectors including automotive, steel, defence, electric vehicles (EVs), renewables, and electronics, according to Chief Minister Devendra Fadnavis. Signings of agreements in this regard from some of India’s leading
Shares of Zomato and Swiggy continued their downward slide on January 22, dropping by another 3 percent amid concerns over intensifying competition in the quick commerce space. Zomato’s aggressive push to expand its dark store network for its quick commerce arm, Blinkit, has raised apprehensions about rising costs and shrinking profits for the sector. Zomato’s
Zomato, Swiggy Shares Fall 3% as Competition in Quick Commerce Heats Up Read More »
