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KP Green Energy Q3 results: Net profit grows to Rs 25 crore on high income

KP Green Energy on Thursday posted a more than two-fold rise in standalone net profit to Rs 25.17 crore in the December quarter, driven by a growth in income. It had reported a Rs 9.21 net profit for the October-December period of the preceding financial year, the company said in an exchange filing. In the quarter under review, its total income rose to Rs 204.28 crore, from Rs 82.20 crore a year ago. While expenses were at Rs 171.45 crore as against Rs 69.84 crore in the third quarter last fiscal.

KP Green Energy Q3 results: Net profit grows to Rs 25 crore on high income
Updated On : 06 Feb 2025 | 2:26 PM IST

UCO Bank's Q3FY25 results: Net profit rises 27% on better margins

Plans Rs 2,000 crore QIP in the current quarter

UCO Bank's Q3FY25 results: Net profit rises 27% on better margins
Updated On : 21 Jan 2025 | 11:31 PM IST

Experts call for systemic change in accounting, ESG to reflect true value

Income statements in the US haven't changed since maybe 1920

Experts call for systemic change in accounting, ESG to reflect true value
Updated On : 09 Jan 2025 | 9:20 PM IST

MobiKwik posts Rs 3.59 crore loss in Q2FY25, total income grows 42%

The Gurugram-based company's total income rose 42 per cent year-on-year (Y-o-Y) to Rs 293.66 crore in Q2FY25 from Rs 206.83 crore in Q2FY24

MobiKwik posts Rs 3.59 crore loss in Q2FY25, total income grows 42%
Updated On : 07 Jan 2025 | 10:56 PM IST

Indians see lower living costs but anticipate price hikes: Report

Indian fear that food prices, utilities, household shopping, fuel, and going out are all likely to become more expensive next year: Ipsos Cost of Living report

Indians see lower living costs but anticipate price hikes: Report
Updated On : 10 Dec 2024 | 10:44 AM IST

Rising income levels to optimise home affordability in next 12 months: JLL

Kolkata is estimated to be the most affordable city, while Mumbai may reach near-optimal affordability levels in 2025

Rising income levels to optimise home affordability in next 12 months: JLL
Updated On : 26 Nov 2024 | 9:01 PM IST

KP Energy Q2FY25 results: Net profit grows three-fold to Rs 24.93 cr

KP Energy on Wednesday reported a three-fold rise in consolidated net profit to Rs 24.93 crore on the back of higher income. It had posted Rs 8.18 crore net profit for the period ended September 2023, the company said in an exchange filing. Its total income jumped to Rs 201.99 crore from Rs 71.48 crore in the July-September period of the preceding 2023-24 fiscal. The company's expenses increased to Rs 169.15 crore against Rs 59.41 crore a year ago.

KP Energy Q2FY25 results: Net profit grows three-fold to Rs 24.93 cr
Updated On : 06 Nov 2024 | 9:13 PM IST

Maharashtra Assembly polls: CM Shinde's income plummets 50% but assets rise

Despite the dip in income, the total assets held by Maharashtra CM Eknath Shinde and his wife experienced substantial growth, rising from Rs 11.56 crore in 2019 to Rs 37.68 crore in 2023-24

Maharashtra Assembly polls: CM Shinde's income plummets 50% but assets rise
Updated On : 29 Oct 2024 | 1:16 PM IST

Living standards to see steepest rise in coming decades: FM Sitharaman

India will witness the steepest rise in living standards of the common man on the back of the government's initiatives and the efforts towards doubling per capita income in few years, Finance Minister Nirmala Sitharaman said on Friday. Addressing the 3rd edition of the Kautilya Economic Conclave, the minister stressed that inequality in India has declined with the Gini coefficient, a statistical tool to measure inequity, showing improvement in urban as well as rural areas. "I expect these improvements to continue as the effects of the last ten years of economic and structural reforms manifest more thoroughly in the data in the coming years as the Covid shock fades from the economy," Sitharaman said. The upcoming decades, the minister said, "will see the steepest rise in living standards for the common man, truly making it a period-defining era for an Indian to live in". "While it took us 75 years to reach a per capita income of USD 2,730, as per IMF projections, it will take only f

Living standards to see steepest rise in coming decades: FM Sitharaman
Updated On : 04 Oct 2024 | 4:11 PM IST

On a shoestring: Waqf wallet shrinks on dwindling property income

This is despite an increase in properties registered under the Waqf

On a shoestring: Waqf wallet shrinks on dwindling property income
Updated On : 20 Aug 2024 | 11:02 PM IST

Bayer CropScience Ltd Q1 results: Net profit decreases 23% to Rs 254 cr

Bayer CropScience Ltd on Thursday reported a 23 per cent decline in its net profit to Rs 254.2 crore in the first quarter of this fiscal. Its net profit stood at Rs 328.5 crore in the corresponding period of the previous year. The company's total income fell to Rs 1,658.7 crore in the April-June period of this fiscal from Rs 1,760.3 crore in the year-ago period, according to a regulatory filing.

Bayer CropScience Ltd Q1 results: Net profit decreases 23% to Rs 254 cr
Updated On : 08 Aug 2024 | 10:54 PM IST

Growth challenges

Global prospects have worsened in recent years

Growth challenges
Updated On : 04 Aug 2024 | 9:34 PM IST

RBI balance sheet grows 11.08% to Rs 70.47 trn in FY24, income up 17%

Central bank's contingency risk buffer at 6.5% of balance sheet, says annual report

RBI balance sheet grows 11.08% to Rs 70.47 trn in FY24, income up 17%
Updated On : 31 May 2024 | 1:10 AM IST

Usha Martin Q4 result: PAT rises 1% to Rs 106 cr, income falls to Rs 838 cr

Usha Martin on Friday reported a marginal 1 per cent rise in consolidated profit after tax (PAT) to Rs 106.33 crore for the March quarter of FY24. The company had posted a PAT of Rs 105.32 crore in the year-ago period, Usha Martin said in a filing to the BSE. The consolidated income in the January-March period declined to Rs 838.5 crore from Rs 866.5 crore in the year-ago period. Commenting on the performance, Usha Martin Non-Executive Director Tapas Gangopadhyay said, "We have concluded the financial year 2023-24 on a positive note with our robust operating cash flows, reflecting strong performance." Despite facing macro-economic challenges, the company managed to generate an 18.6 per cent EBITDA margin during the year, he said. "Notably, our core wire ropes division continued to perform well and contributed 71 per cent to our overall consolidated revenues," Gangopadhyay added. Usha Martin is a leading specialty steel wire rope solutions provider.

Usha Martin Q4 result: PAT rises 1% to Rs 106 cr, income falls to Rs 838 cr
Updated On : 26 Apr 2024 | 11:20 PM IST

People reporting annual income over Rs 1 cr increase to 216,000 in AY24

The number of people earning above Rs 1 crore annually has risen to over 2.16 lakh as on December 31, 2023, for Assessment Year 2023-24, Parliament was informed on Tuesday. Minister of State for Finance Pankaj Chaudhary gave assessment year-wise details of the number of individuals submitting ITR with income of more than Rs 1 crore. The number has increased from over 1.09 lakh in AY 2019-20 to about 1.87 lakh in AY 2022-23. The number of ITRs filed till December 31, 2023, with income over Rs 1 crore for AY 2023-24 has risen to 2.16 lakh. Chaudhary further said the total number of individuals who reported income from 'Profession' in AY 2023-24 is 12,218, up from 10,528 reported in AY 2022-23. In 2019-20, the number of people reporting income from 'profession' was 6,555. In reply to a separate question, Finance Minister Nirmala Sitharaman said direct tax collection (for the financial year 2023-24 up to January 31, 2024), personal income tax has grown at a rate of 27.6 per cent ...

People reporting annual income over Rs 1 cr increase to 216,000 in AY24
Updated On : 06 Feb 2024 | 6:55 PM IST

Sona BLW Q3 profit rises 24% to Rs 133 crore, income up 13% at Rs 777 cr

Mobility tech firm Sona BLW Precision Forgings (Sona Comstar) on Tuesday reported a 24 per cent year-on-year growth in consolidated profit after tax at Rs 133 crore in the three months ended December 2023. The company had recorded a consolidated profit after tax of Rs 107.10 crore in the December quarter of FY23, it said. Total income in the third quarter of the current fiscal was Rs 777 crore as against Rs 685 crore reported in the year-ago period, a growth of 13 per cent, according to the company. EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) for Q3FY24 stood at Rs 227.3 crore, a growth of 22 per cent compared to Rs 186.2 crore in the same quarter last fiscal, it said. The company also said that with five new BEV (Battery Electric Vehicle) programme wins, the net order book has increased to the highest ever level of Rs 24,000 crore. "We delivered our highest quarterly EBITDA, net profit, BEV revenue, BEV revenue share and order book in Q3 FY24. "Our BE

Sona BLW Q3 profit rises 24% to Rs 133 crore, income up 13% at Rs 777 cr
Updated On : 23 Jan 2024 | 7:38 PM IST

HDFC Life Q3 FY24 results: Net profit rises 16.6% to Rs 368 crore

The investment income rose by 130.7 per cent Y-o-Y to Rs 11,372 crore, from Rs 4,929.8 crore a year ago

HDFC Life Q3 FY24 results: Net profit rises 16.6% to Rs 368 crore
Updated On : 12 Jan 2024 | 7:18 PM IST

HDFC AMC PAT surges 32% to Rs 488 cr, income up 23% in Oct-Dec quarter

HDFC Asset Management Company Ltd (HDFC AMC) on Thursday reported a 32 per cent year-on-year jump in profit after tax (PAT) at Rs 488 crore for the three months ended December 2023. In comparison, the company had posted a PAT of Rs 369.16 crore in the year-ago period, HDFC AMC said in a regulatory filing. The company's total income surged 23 per cent year-on-year to Rs 814.17 crore in the October-December quarter of the current fiscal (FY24), from Rs 663 crore in the year-ago period. During the period ended December 31, 2023, the asset management firm paid a final dividend of Rs 48 per equity share (face value of Rs 5 each) for the year ended March 31, 2023. For the nine months ended December 31, 2023, the company clocked a PAT of Rs 1,402 crore and total income of Rs 2,312.14 crore. HDFC AMC is an investment manager for HDFC Mutual Fund, one of the largest mutual funds in the country. Shares of HDFC AMC were trading 2.30 per cent higher at Rs 3,496.25 on the BSE.

HDFC AMC PAT surges 32% to Rs 488 cr, income up 23% in Oct-Dec quarter
Updated On : 11 Jan 2024 | 11:24 PM IST

10-yr reopening of I-T assessment applies to serious cases: Delhi HC

Only in cases where there is evidence of concealing income above Rs 50 lakh, says court

10-yr reopening of I-T assessment applies to serious cases: Delhi HC
Updated On : 21 Nov 2023 | 12:20 PM IST

10 best side hustle ideas to earn extra money every month in 2023

Side hustles are the best way to make some extra money at home without quitting your existing full-time job. You can earn good money in your spare time. Here are the 10 side hustle ideas

10 best side hustle ideas to earn extra money every month in 2023
Updated On : 04 Sep 2023 | 6:01 PM IST