In its press statement, the company said its planned demerger of the energy business is on track
Steel pipe maker Hi-Tech Pipes on Wednesday reported a 34 per cent rise in consolidated profit after tax to Rs 19.15 crore in the December quarter, on account of increased revenue. It posted a profit after tax (PAT) of Rs 14.33 crore in the year-ago period, the company said in a statement. The company's revenue from operations increased 20.78 per cent to Rs 761.02 crore in the reporting quarter from Rs 630.09 crore in the same period a year ago, it said. Its EBITDA (earnings before interest, taxes, depreciation and amortisation) stood at Rs 40.23 crore during the quarter compared to Rs 31.57 crore a year earlier, a rise of 27.42 per cent. Hi-Tech Pipes owns and operates six integrated manufacturing facilities having a combined installed capacity of 7,50,000 metric tonnes per annum. The company is also scaling up its captive renewable energy capacity to 13.5 MW by December-end.
Patel Engineering Ltd on Wednesday reported 14.49 per cent rise in consolidated net profit at Rs 80.24 crore for the quarter ended December 2024, supported by higher income. It had clocked a net profit of Rs 70.24 crore in the same period a year ago, the company said in an exchange filing. Total income rose to Rs 1,265 crore from Rs 1,076 crore a year ago. Expenses stood at Rs 1,125 crore as against Rs 1,030.94 crore in the third quarter of last fiscal. "Looking ahead, we are enthusiastic about enhancing our operational capabilities, expanding our project portfolio, and driving innovation within our industry. "The robust foundation we have built over the years fills us with confidence and optimism as we embark on the next phase of growth, consistently delivering outstanding value to our stakeholders," MD Kavita Shirvaikar said in a statement. The company's order book as on December 31, 2024 stood at Rs 16,396.4 crore. Mumbai-based Patel Engineering is an engineering, procurement
The management said sales in international markets are showing strong growth, and expect this momentum to accelerate with the launch of new products.
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In Q3, Campus Activewear posted an 86 per cent rise in net profit year-on-year (Y-o-Y) to Rs 46.47 crore as compared to Rs 24.94 crore.
The company posted a 21 per cent decline in net profit year-on-year (Y-o-Y) to Rs 71.3 crore as compared to Rs 89.82 crore
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Berger Paints' revenue for the quarter under review rose 3.2 per cent to Rs 2,975.06 crore as compared to Rs 2,881.83 crore a year ago
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Gensol Engineering on Tuesday reported over 6 per cent rise in consolidated profit after tax to Rs 18 crore in the December quarter, on account of increased revenue. It posted Rs 17 crore PAT in the year-ago period, the company said in a statement. The company's total revenue increased 30 per cent to Rs 345 crore from Rs 266 crore in the same quarter a year ago, it said. Its EBITDA stood at Rs 63 crore during the quarter compared to Rs 53 crore a year earlier. During the quarter, Gensol Engineering won a major EPC contract from a well-known Public Sector Undertaking for the development of a 275 MW Solar PV Project at RE Solar Park, Khavda Rann of Kutch, Gujarat. The total bid value is around Rs 1,061.97 crore (including GST), which also covers three years of operation and maintenance (O&M). It also secured a major contract with NTPC Renewable Energy Ltd to develop a 225MW-AC (276 MWDC) solar PV system at GSECL Solar Park, Gujarat, worth Rs 897.47 crore, the statement added.