Net profit has increased 126.5 times to ₹253 crore for the food aggregator in the April-June quarter, or Q1FY25, versus ₹2 crore in the comparable period of the previous year. This is the fifth consecutive quarter for the company to be in the black. “The revenue demonstrated a strong growth of 74% on a year-on-year […]
Adani Enterprises, a leading firm in the Adani Group, reported a remarkable 116% year-on-year increase in its net profit for the first quarter of the fiscal year 2024-25 (Q1FY25). The net profit for the quarter stood at ₹1,455 crore, up from ₹674 crore in the same period the previous year. The company’s revenue from operations
Adani Ports and Special Economic Zones (APSEZ) reported a strong financial performance for the first quarter of the fiscal year 2024-25 (Q1FY25). The company’s consolidated net profit soared by 47% year-on-year to ₹3,113 crore, up from ₹2,115 crore in the same quarter of the previous year. This impressive growth was bolstered by a one-time gain
Ramesh Damani, a well-known investor in India, has acquired more than a 1% stake in Protean eGov Technologies Limited. This investment comes as Protean eGov Technologies, formerly known as NSDL e-Governance Infrastructure, experiences significant changes in its shareholder structure. Notably, HDFC Bank recently sold a substantial portion of its shares in the company, while other
Ramesh Damani has over 1% Stake in Protean eGov Technologies Read More »
Brainbees Solutions Ltd has announced an initial public offering price band at Rs 440-465 a share. The IPO will comprise fresh issuance of Rs 1,666 crore besides an offer for sale of Rs 2,527.72 crore at the upper price band. The total size of the issue is pegged to be at Rs 4,187.72 crore and
FirstCry Sets IPO Price Band at Rs 440-465 per Share Read More »
Nifty 50 made history by breaching the 25,000-mark for the first time ever. This is a strong indicator of the fast buildup in momentum across domestic and global positive cues for Indian equity markets. The index opened above 25,000, continuing to reflect investor confidence in strong economic fundamentals that support market growth. The creation of
Nifty Surges Past 25,000 for the First Time in History Read More »
Adani Power, a leading power generation company, reported a 55% drop in net profit for the first quarter, coming in at Rs 3,900 crore compared to Rs 8,759 crore in the same quarter last year. Despite the fall in profit, the company’s revenue saw a significant increase of 36%, reaching Rs 14,717 crore from Rs
Adani Power Q1 Results: Net Profit Drops 55% YoY to Rs 3,900 Crore; Revenue Grows Read More »
Mahindra & Mahindra (M&M) has announced its financial results for the first quarter of FY25, reporting a net profit of Rs 2,612 crore. This marks a slight decrease from the Rs 2,774 crore profit recorded in the same quarter last year. The Pune-based automaker’s revenue from operations increased to Rs 27,038.79 crore, up from Rs
Tata Motors Ltd has achieved a significant milestone by entering the top ten most valued automotive companies worldwide. This marks the first time an Indian company has reached this status, thanks to a strong surge in its stock value. The stock has seen a remarkable increase of over 50 percent this year and more than
Tata Motors Breaks Into Global Top Ten Auto Companies with $51 Billion Market Cap Read More »
Adani Energy Solutions has opened a Qualified Institutional Placement to raise up to Rs 8,373 crore. The QIP has been fixed at an indicative price of Rs 976 per share, 13.24% below the last closing and 4.98% lower than the SEBI floor price. The board approved this QIP offering on July 30 at a floor
