Welspun Corp Ltd on Wednesday reported an over two-fold rise in its consolidated net profit to Rs 672.19 crore in December quarter, aided by lower expenses. It had reported a net profit of Rs 293.70 crore for the October-December period of preceding 2023-24 fiscal, the company said in an exchange filing. The company's total income however trimmed to Rs 3,656.57 crore in the quarter under review from Rs 4,758.17 crore in the same period a year ago. Welspun Corp reduced its expenses to Rs 3,351.36 from Rs 4,438.79 crore year on year. Welspun Corp is one of the largest manufacturers of large-diameter pipes globally and has established a global footprint across six continents and 50 countries.
Redington, which is a distributor of Apple and Samsung products, reported a rise in profit to Rs 400 crore ($45.8 million) for the October-December quarter, from Rs 341 crore last year
The company's India business, comprising both formulations and consumer wellness divisions, contributed 38 per cent of consolidated revenue
GE Vernova T&D India on Wednesday posted a nearly 3-fold jump in its net profit to Rs 142.68 crore in the December quarter compared to a year ago, mainly on the back of higher revenues. The company had a net profit of Rs 49.35 crore in the quarter ended on December 31, 2023, according to a regulatory filing. Total income rose to Rs 1,099.45 crore during the third quarter against Rs 834.72 crore a year ago. "We are pleased to report a solid third quarter - we expanded margins for a third consecutive quarter and closed large deals with a total value of INR 20.8 billion. "We are advancing on our long-term vision with steady, sustainable growth and a sharp focus on safety, quality, delivery and cost," Sandeep Zanzaria, Managing Director & CEO of GE Vernova T&D India Ltd, said. Its board appointed Shweta Mehta as a Senior Managerial Personnel effective Wednesday and as Company Secretary & Compliance Officer with effect from February 6, 2025. Consequently, Nimai Verma, ...
Interarch Building Products Ltd has reported a 28 per cent increase in net profit to Rs 28.19 crore for the December quarter. Its net profit stood at Rs 21.99 crore in the year-ago period. Total income rose to Rs 369.27 crore in the third quarter of this fiscal year from Rs 321.24 crore in the year-ago period, according to a regulatory filing on Tuesday. It is a turnkey pre-engineered steel construction solution provider.
Swiggy Q3FY25 results: During the same period last year, the food delivery platform had reported a loss of Rs 574.4 crore
Petrochemicals manufacturer Tamilnadu Petroproducts Ltd reported a standalone profit after tax of Rs 10.31 crore for the October-December 2024 quarter, driven by efficient cost management and improved realisations, the company said on Wednesday. The Chennai-based company, a leader in the production of industrial intermediate chemicals and chlorine, had recorded a profit after tax of Rs 2.44 crore during the corresponding quarter of the previous year. Standalone revenue for the October-December 2024 quarter grew to Rs 465.13 crore from Rs 351.98 crore in the year-ago period. In a statement, Tamilnadu Petroproducts Ltd said its operating performance reflected optimal production, efficient cost management, and improved realisations in the current competitive environment. The company incurred Rs 86 lakh in material damage and plant restoration expenses during the quarter under review, following the impact of Cyclone Michaung in December 2023. "Our Q3 results reflect revenue growth and
Apollo Micro Systems Ltd (AMSL) has posted an 83 per cent jump in its consolidated profit after tax to Rs 18.24 crore in the December quarter, aided by higher income. It had reported a profit after tax (PAT) of Rs 9.96 crore in the October-December quarter of preceding 2023-24 fiscal, the company said in a regulatory filing on Tuesday. The company's total income increased 62 per cent to Rs 149.37 crore against Rs 91.84 crore in the same period a year ago. Hyderabad-based AMSL offers technology-based solutions in sectors like infrastructure, transportation, aerospace and defence, among others.
The apparel maker reported a profit of Rs 205 crore ($23.4 million) for the quarter ended Dec. 31, 2024, compared with Rs 152 crore a year ago
With a favorable demand outlook for gold loans driven by reduced competition from banks and limited availability of unsecured credit, the company is well positioned to maintain its growth momentum.
JSW Energy share rose after the company announced it has received LoA from WBSEDCL for development & operation of 1,600 MW greenfield (2 x 800 MW) super / ultra super critical domestic coal-based TPP
The United States is the company's biggest market accounting for 47 per cent of total revenue, followed by India
Nykaa Q3 results preview: Analysts and investors will keep an eye on management's commentary fashion segment, unwinding on working capital and competitive landscape shift
The primary concern weighing on the Titan share was weaker-than-expected margin in Q3 results, analysts said
Lemon Tree Hotels' revenue for the third quarter stood at Rs 355.2 crore as compared to Rs 290.2 crore a year ago implying an increase of 25 per cent year-on-year (Y-o-Y).
The company in the quarter ended December 31, 2024, reported a 15.3 per cent rise in consolidated net profit to Rs 31 crore as compared to Rs 27 crore a year ago
Angel One released its January update on Wednesday before market hours. The report showed that Angel One's client base increased 47.5 per cent Y-o-Y to 3.01 crore
At 6:33 AM, GIFT Nifty futures were up 71 points at 23,856, signaling a higher start for Indian markets
Max Financial Services Ltd (MFSL), the holding company of Axis Max Life Insurance Limited, on Tuesday reported a 59 per cent fall in net profit to Rs 70 crore in the third quarter ended December 2024. The company had earned a consolidated net profit of Rs 171 crore in the year-ago period. During the reporting quarter, policyholders' income from life insurance operations saw a decline to Rs 8,809 crore as against Rs 12,237 crore in the same quarter a year ago, MFSL said in a release. As a result, the consolidated total income plummeted to Rs 8,927 crore as compared to Rs 12,359 crore in the third quarter of previous year, it said. The other subsidiary under MFSL is Max Life Pension Fund Management Limited.
V-Mart Retail Ltd on Tuesday reported an over two-fold increase in its net profit to Rs 71.63 crore for the third quarter ended December 2024. The company had posted a net profit of Rs 28.23 crore in the October-December quarter of the previous fiscal, according to a regulatory filing. Its revenue from operations was up 15.5 per cent to Rs 1,026.73 crore in the latest December quarter. It was Rs 889.05 crore in the corresponding period of the previous fiscal. V-Mart's total expenses in the December quarter were up 11 per cent to Rs 960.37 crore. The total income of V-Mart, which includes other income, in the reporting quarter, was at Rs 1,030.11 crore, up 14.2 per cent year on year. "The company remains focused on its store expansion plan and opened 21 new stores in Q3 FY25, taking the total number of stores pan-India to 488 as at quarter end," said V-Mart in its earnings statement. Shares of V-Mart Retail Ltd on Tuesday settled at Rs 3,488.45 apiece, up 3.94 per cent from the .