HAL had secured an engine manufacturing contract worth 260 billion rupees for the Indian Air Force during the reported quarter
Zaggle's consolidated profit rose 145 per cent to Rs 18.56 crore as compared to Rs 7.59 crore a year ago
Q2 results today, November 14: Lemon Tree Hotels, Bharat Forge, Grasim Industries, Muthoot Finance, and Medanta to post Q2FY25 earnings on Thursday
In the previous session, both Sensex and Nifty extended their losing streak, each closing over 1 per cent lower. The BSE Sensex ended at 77,690.95, while the Nifty settled at 23,559.05
The company's revenue, however, declined by 19 per cent on an annual basis
However, the company reported a decline in its revenue from operations
SaaS fintech platform Zaggle Prepaid Ocean Services on Wednesday posted a three-fold increase in consolidated net profit to Rs 20.3 crore for the September quarter. It had reported a net profit of Rs 7.62 crore in the year-ago period, the company said in a regulatory filing. The revenue from operations for the quarter under review was Rs 302.5 crore, 64.22 per cent higher than Rs 184.2 crore a year earlier, it said. "As part of our growth strategy, we are actively seeking strategic alliances and inorganic growth opportunities. We are strongly focusing on M&As with a combined strategy of small tuck-ins and larger investment opportunities, in the SaaS Fintech sector, including areas like NBFC, Payments, etc. "In line with our growth plans, we have taken approval from the board of directors for a fundraise of up to Rs 9,500 million (Rs 950 crore) subject to shareholders' approval," Raj P Narayanam, Founder and Executive Chairman, Zaggle Prepaid Ocean Services, said. The firm is ...
Apollo Tyres on Wednesday said its consolidated profit after tax declined 37 per cent to Rs 297 crore in the September 2024 quarter, hit by tepid demand in the domestic market and an increase in raw material prices. The tyre maker posted a Profit After Tax (PAT) of Rs 474 crore in the July-September quarter of last fiscal. Revenue from operations stood at Rs 6,437 crore in the second quarter against Rs 6,280 crore in the year-ago period, Apollo Tyres said in a statement. "We witnessed a weak demand scenario in the OEM (Original Equipment Manufacturer) segment in our largest market -- India, which negated the strong growth in the replacement segment," Apollo Tyres Chairman Onkar Kanwar stated. In Europe, the company saw positive revenue growth in the passenger vehicle segment, which is the largest segment for Apollo in that geography, he added. "Unprecedented increases in raw material prices have impacted our profitability," Kanwar noted. The company said its board approved the ra
Direct-to-home firm Dish TV India Ltd on Wednesday reported a consolidated net loss of Rs 37.38 crore in the September 2024 quarter. The company posted a net profit of Rs 5.41 crore in the July-September quarter a year ago, according to a company filing. Its revenue from operations was down 17.43 per cent to Rs 395.62 crore in the September quarter. It stood at Rs 479.15 crore in the corresponding quarter a year ago. Dish TV's total expenses in the September quarter declined 6.43 per cent to Rs 437.97 crore. Its expenses include the cost of goods and services, personnel cost and other expenses. Total income of Dish TV, which includes other income, in the September quarter was down 17.55 per cent to Rs 400.59 crore. Shares of Dish TV India Ltd settled at Rs 11.77 per scrip on the BSE, down 3.29 per cent from the previous close.
4G subscriber base falls after 11 quarters, overall user base shrinks 5 million
The profit before interest, depreciation, and taxes (PBIDT) of the company increased by 28.6 per cent to Rs 168.2 crore Y-o-Y for the July-September quarter
The company reported a consolidated profit of 1.36 billion rupees ($16.1 million) for the three months ended Sept. 30, compared to 2.23 billion rupees a year earlier
The profit before interest, depreciation, and taxes (PBIDT) of the company declined by 15.1 per cent to Rs 713.1 crore on a Y-o-Y basis for the July-September quarter
AstraZeneca Pharma India on Wednesday said its net profit declined by 27 per cent on-year to Rs 38 crore in the second quarter ended on September 30, 2024. The drug firm reported a net profit of Rs 52 crore in the July-September quarter of last fiscal. Revenue from operations stood at Rs 408 crore for the period under review compared with Rs 311 crore in the year-ago period, the firm said in a regulatory filing. Shares of the company ended 3.74 per cent lower at Rs 7,133.10 apiece on the BSE.
Realty firm Brigade Enterprises Ltd on Wednesday reported an 11 per cent decline in its consolidated net profit to Rs 118.98 crore in the September 2024 quarter. Its net profit stood at Rs 133.50 crore in the year-ago period. Total income also fell to Rs 1,138.13 crore in the second quarter of this fiscal compared to Rs 1,407.92 crore in the corresponding period of the preceding year, according to a regulatory filing. Bengaluru-based Brigade Enterprises is one of the leading real estate developers in the country.
Bayer CropScience Ltd, the Indian unit of German crop science group Bayer AG, on Wednesday posted a 38.85 per cent slump in net profit to Rs 136.3 crore in the September 2024 quarter, hurt by higher expenses. The company reported a net profit of Rs 222.9 crore a year earlier, according to a regulatory filing. Its total income rose to Rs 1,761.3 crore in the second quarter of this fiscal from Rs 1,633.3 crore in the year-ago period. However, expenses remained higher by 18.34 per cent to Rs 1,571.2 crore against Rs 1,327.6 crore in the said period a year ago. Its Managing Director and CEO Simon Wiebusch said the Q2 increase in the revenue from the operations was primarily driven by higher volumes which were partially offset by price pressure rooted in lower producer prices in China. "Our margins were negatively impacted by higher production costs in corn seeds due to adverse weather conditions as well as a higher cost of goods sold in our chemical business," he said. Despite these
Debt-ridden telecom firm Vodafone Idea on Wednesday said its consolidated loss narrowed to Rs 7,175.9 crore in the September quarter. The company had posted a loss of Rs 8,746.6 crore in the same period a year ago. The consolidated revenue from services of Vodafone Idea (VIL) increased 1.8 per cent to Rs 10,918.1 crore during the second quarter of the current fiscal year from Rs 10,714.6 crore in the year-ago period, it said in a regulatory filing. Its consolidated revenue from operations increased to Rs 10,932.2 crore during the quarter from Rs 10,716.3 crore a year ago, it stated.
Torrent Power on Wednesday reported about 9 per cent dip in consolidated net profit to Rs 495.72 crore in the September quarter compared to the year-ago period as extended monsoon season curbed electricity demand and capacity utilisation of renewables. The company had a consolidated net profit of Rs 542.55 crore in the quarter ended on September 30, 2023, a BSE filing showed. Total income increased to Rs 7,300.51 crore in the period under review from Rs 7,069.11 crore a year ago. Total expenses rose to Rs 6,611.83 crore in the quarter from Rs 6,328.44 crore in the same period a year ago. The company stated that the increase in contribution from licensed distribution businesses was offset by lower contribution from thermal generation mainly on account of reduced sale of merchant power (including sale of LNG) due to lower electricity demand in the current quarter on account of extended and heavy Monsoon against comparable quarter last year. Lower contribution from renewable businesse
For Q2 FY25, VECV's profit after tax stood at Rs 209 crore, as against Rs 187 crore last year
Thermax on Wednesday posted a nearly 25 per cent rise in its consolidated net profit to Rs 198 crore in the September 2024 quarter compared to a year ago, mainly on the back of higher revenues. Its consolidated net profit stood at Rs 159 crore in the quarter ended on September 30, 2023, according to a regulatory filing. Total income rose to Rs 2,671.36 crore in the quarter from Rs 2,368.32 crore in the same quarter of the preceding fiscal. The current quarter's revenue and profit are favourably impacted by an accrual of Rs 66 crore as income towards the incentive receivable under the Packaged Incentive Scheme (PSI), 2007 from the Maharashtra government, the company said in a statement. As of September 30, 2024, the order balance in the reported quarter was Rs 11,593 crore, up 13 per cent from Rs 10,264 crore a year ago on a consolidated basis. The order booking for the quarter jumped 70 per cent to Rs 3,353 crore. During the quarter, Thermax Babcock & Wilcox Energy Solutions Ltd