Page 22 - Indian Companies

Berkshire's record run

Many Indian companies fit its mould

IGL Q4 results: Net profit rises 16% to Rs 382.8 crore, revenue falls 2.25%

Total gas sale volumes rose 4 per cent to 3,084.5 million standard cubic metres

Q4 Results 2024: Happiest Minds Tech profit rises 25% to Rs 72 crore

IT firm Happiest Minds Technologies has reported a 24.83 per cent increase in consolidated net profit at Rs 71.98 crore for the quarter ended March 2024. The company clocked a profit of Rs 57.66 crore in the year-ago period, according to a regulatory filing on Monday. Revenue from operations for the reporting quarter stood at Rs 417.29 crore, as against Rs 377.98 crore in Q4FY23, translating into a 10.4 per cent rise. Annual profits saw a 7.53 per cent rise to Rs 248.39 per cent, as compared to the previous fiscal's Rs 230.99 crore. Revenue for financial year 2023-24 was at Rs 1,624.66 crore, a 13.66 per cent climb over Rs 1429.29 crore reported in fiscal 2022-23. The company recommended a final dividend of Rs 3.25 per equity share of Rs 2 each for the financial year ended March 31, 2024, which is subject to the approval of shareholders at the 13th Annual General Meeting (AGM) of the company, to be held on June 28, 2024.

ICAI says action against EY India affiliates under its statutory powers

The body added that the procedure for enquiring and levying penalties is governed by statutory rules framed by the Centre

Titan Q4 results: Net profit falls short of estimates, rises 5.6%

The jewellery major's profit before interest, depreciation and tax grew 12.2 per cent to Rs 1350 crore in the quarter ended March

Slipping profits in Q4FY24 due to inventory loss, says Indian Oil

IOCL said crude throughput for Q4 reached record levels of 73,308 MMT in FY24

Cigniti Technologies acquisition will be game changer: Coforge CEO

The company has set a target of training 40 per cent of its workforce in GenAI skills in FY25

Shriram Group in talks with partners for wealth management biz foray

Shriram Finance expects vehicle sales growth to be in single digits during the current financial year, owing to a dip during the election season

Domestic sales of 4 major two-wheeler manufacturers zoom in April

Hero MotoCorp, Honda Motorcycle & Scooter India, TVS Motor, and Bajaj Auto collectively dominate approximately 80 per cent of the total two-wheeler market in the country

Godrej split: Experts weigh on amicable settlement impact on stock prices

Say stock prices will react positively as key overhang removed

Anthill Ventures seeks to raise $100 mn for private credit cross-fund

The $1.7 trillion global private credit market has become a serious rival to mainstream lending, attracting investors by offering higher rates of returns

Godrej Industries to be main holding company for Adi-Nadir Godrej family

Godrej Industries holds 64.9 per cent stake in Godrej Agrovet, and 23.7 per cent stake in Godrej Consumer Products, and 47.3 per cent stake in Godrej Properties

After Patanjali, state government, IMA comes under Supreme Court's scanner

The Supreme Court had earlier said that IMA needs to 'put its house in order'

Fino Payments Bank Q4 results: Net profit rises 14% to Rs 25.21 crore

On a sequential basis, the company's net profit rose 10 per cent from Rs 22.80 crore in Q3 FY24

InGovern raises concern over Triveni Engineering's stake buy in Sir Shadi

The proxy advisory firm has said the Securities and Exchange Board of India (Sebi) should appoint an independent valuer to determine the fairness of the offer price of TEIL

Vodafone Idea's FPO: A Rs 287 crore bonanza for investment bankers

The telecom operator has paid Rs 287 cr to three bankers, second-most ever

Wheat procurement for 2024-25 sees slight dip, but likely to pick up soon

India has targeted to procure around 37 million tonnes of wheat this year while last year the actual procurement was over 26 million tonnes

Blinkit now more valuable than Zomato's food delivery biz: Goldman Sachs

Zomato currently has a market capitalization of around $20 billion

Blinkit now more valuable than Zomato's food delivery biz: Goldman Sachs

Blinkit, formerly Grofers, was acquired by Zomato in 2022 in a distress sale via an all-stock deal for $568 million

Vedanta gains 4% following analysts' upgrade; Motilal Oswal announces bonus

Volume growth and cost efficiencies in the aluminium business saw Vedanta post operating profit (Ebitda) of nearly Rs 9,000 crore for the March 2024 quarter thanks to margin improvement