Page 148 - Companies

Happiest Minds Technologies Q3 net profit jumps 16.1% to Rs 48.92 cr

IT firm Happiest Minds Technologies Ltd on Friday reported a 16.1 per cent jump in consolidated net profit to Rs 48.92 crore for the December 2021 quarter. The company had posted a net profit of Rs 42.15 crore in the year-ago period. Its revenue during October-December 2021 grew 47.2 per cent to Rs 283.94 crore as compared with Rs 192.84 crore in the year-ago period, a regulatory filing said. Venkatraman N, MD and chief financial officer of Happiest Minds Technologies, said the company continues to deliver all-around healthy financial and business performance. "Revenue growth of 47.2 per cent, Ebitda at 26.1 per cent, robust cash generation and healthy capital return ratios are testimony to this. "Coupled with onboarding talent and healthy utilisation levels, we are well-positioned to address the strong demand environment for digital services," he added. The company's operating revenues in dollar terms stood at USD 37.8 million, a growth of 5.5 per cent q-o-q and 44.2 per cent ..

Adani Total Gas wins 14 out of 52 city gas licences, Indian Oil Corp 8

Hyderabad-based Megha Engineering and Infrastructure Ltd (MEIL) won 13 GAs

79% founders feel Omicron had little impact on biz, says survey

45% founders confident that they will be able to close funding rounds in 3-6 months

Britannia Industries net profit falls 18% to Rs 369.18 crore in Q3

The company had posted a net profit of Rs 452.64 crore in the October-December quarter a year ago

Shriram City Union Finance's Q3 consolidated net profit up 5% YoY

Shriram City Union Finance (Shriram City), India's largest two-wheeler financer, has reported a consolidated net profit of Rs 322 crore

AU Small Finance Bank net profit up 68% on strong expansion in NII

AU Small Finance Bank's net profit rose 68 per cent year-on-year (YoY) to Rs 302 crore in the third quarter of FY22

Central Bank of India net rises 69% to Rs 279 cr in December quarter

Central Bank of India's net profit rose by 69.1 per cent year-on-year (YoY) to Rs 279 crore in the third quarter ended December (Q3FY22)

Shriram City Union Finance Q3 net profit rises 6% at Rs 322 crore

Shriram City Union Finance on Friday reported 6 per cent rise in consolidated net profit at Rs 322 crore for the quarter ended December 2021

Equitas SFB reports flat growth in net profit at Rs 108 cr in Dec quarter

The South-based SFB had posted a net profit of Rs 111 crore in the year-ago quarter

Market turmoil not to impact IPO valuation, says Vedant Fashions

The company, whose flagship brand is the male ethic 'Manyavar' label, has fixed its issue price band at Rs 824-866 a share

Blue Dart Express' profit after tax jumps 29.5% to Rs 123.4 cr in Dec qtr

The company had posted a consolidated PAT of Rs 95.30 crore in the corresponding quarter last year

Jet Airways appoints Priyapal Singh as its 'accountable manager'

Grounded carrier Jet Airways has appointed Priyapal Singh as its 'accountable manager', replacing Sudhir Gaur who resigned from the company late last year, an airline source said on Friday. A seasoned pilot, Singh took over the charge of the position in January, according to the source. The source also said that immediately after assuming the position, Singh along with the Jet Airways team met the DGCA officials and discussed various issues concerning the re-launch of operations. The consortium had on December 17 last year said Jet Airways 2.0 plans to start domestic operations at the earliest in 2022 as a full-service carrier. Singh, a squadron leader with IAF who has been associated with Jet Airways and JetLite in various capacities prior to its grounding in April 2019, moved back to Jet, which is now owned by the Murari Lal Jalan-Kalrock consortium, from the Nepal Airlines Corporation. "The new Accountable Manager Captain Priyapal Singh took over the charge on January 24 and th

AU Small Finance Bank's net profit soars 68% to Rs 302 cr in Dec quarter

The Jaipur-based AU Small Finance Bank on Friday said strong loan sales and better asset quality have helped it post a strong set of financial numbers

Budget should aim long-term holistic growth for auto industry: Mercedes

The company retailed 11,242 units in 2021, a growth of 42.5 per cent over 7,893 units in 2020

HP wins $5 billion fraud lawsuit against UK software tycoon

HP had accused Lynch and Autonomy's former chief financial officer, Sushovan Hussain, of artificially inflating the company's revenues and committing a deliberate fraud

Packaging products maker HSIL Ltd Q3 profit down 21% to Rs 29 crore

The company had logged a net profit of Rs 35.92 crore in October-December period a year ago, HSIL said in a BSE filing

WhatsApp has time till February end to clarify policy, says EU

The European Consumer Organisation (BEUC) and eight of its members took their grievances to the EU executive and the European network of consumer authorities

LIC Housing Finance net profit rises 6% to Rs 767 crore in third quarter

LIC Housing Finance's (LIC HFC) net profit rose 6 per cent year-on-year (YoY) to Rs 767.33 crore in the third quarter.

Indus Towers consolidated profit up 16% at Rs 1,571 crore in Q3

Telecom infrastructure company Indus Towers on Thursday posted about 16 per cent rise in consolidated profit at Rs 1,570.8 crore for December quarter 2021-22. The company had registered a profit after tax of Rs 1,360 crore for the same period a year ago. Revenue of the country's largest mobile tower firm was higher at Rs 6,927 crore during the quarter compared to Rs 6,736 crore in the corresponding period of 2020-21. "At Indus Towers, the quarter marked completion of a year of operations of the merged entity which has made our industry leadership positioning more robust. "Our steady operational and financial performance during the quarter was reassuring. We believe that our focus to promote passive infrastructure sharing and capitalize on adjacencies will help us further strengthen our commitment of Putting India First through connecting lives," MD and CEO Bimal Dayal said. Indus Tower merged with Bharti Infratel in November 2020. The company's total mobile tower base increased t

Fintech company Kissht raises Rs 100 cr from Trifecta Capital, Northern Arc

Fintech company Kissht on Thursday said it has raised Rs 100 crore in a funding round led by Trifecta Capital and Northern Arc. In the current round, Trifecta and Nothern Arc have each subscribed to Rs 50 crore of non-convertible debentures (NCDs), according to a statement. The company has so far raised over Rs 270 crore in equity and over Rs 1,200 crore in debt investments. The company said the funds will be utilised to expand its scale of operations. It will also further enhance its product offerings, including credit cards for small businesses/ shops and improve underwriting capabilities to extend credit to the new to credit (NTC) segment using AI and machine learning. The firm plans to expand its business to one crore borrowers in FY2023, the statement said. It is projecting an overall revenue of over Rs 500 crore, it said. The company provides an instant line of credit for small business transactions and small-ticket size personal loans to new credit customers.