Jupiter Wagons Limited on Friday reported an 8.9 per cent increase in consolidated net profit to Rs 89.36 crore for the second quarter ended September 2024. The company had posted a consolidated net profit of Rs 82.08 crore in the same quarter of the last fiscal, Jupiter Wagons said in a regulatory filing. Its consolidated income stood at Rs 1,018.75 crore compared to Rs 885 crore in the year-ago period, it added. The order book of the company as of September 30, 2024, stands at Rs 6,64,366 lakh. Managing Director of Jupiter Wagons Vivek Lohia, said, "We have rebranded our subsidiary, Bonatrans India Private Limited to Jupiter Tatravagonka Rail Wheel Factory Private Limited even as we unveiled plans to increase capacity for wheelsets manifold through investment of Rs 2,500 crore in a new facility on Odisha". On July 12, 2024, Jupiter Wagons successfully completed a Qualified Institutional Placement (QIP), raising Rs 800 crore. The capital raised will be primarily used to establis
Pritika Engineering Components on Friday posted a 78.20 per cent rise in its net profit to Rs 1.64 crore in the September 2024 quarter, mainly due to higher revenues. "Net profit rose by 78.20 per cent YoY (year-on-year) to Rs 1.64 crore in Q2 FY25, compared to Rs 0.92 crore in Q2 FY24," a company statement said. According to the statement, its revenue increased by 40.59 per cent year-over-year (YoY) to Rs 32.03 crore in Q2 FY25 from Rs 22.78 crore in Q2 FY24. Pritika Engineering also posted robust financial results in H1 FY25. The revenue grew by 23.97 per cent to Rs 54.92 crore against Rs 44.30 crore in H1 FY24. Its net profit increased by 39.87 per cent to Rs 2.58 crore in H1 FY25 compared to Rs 1.85 crore in H1 FY24, it added. Harpreet Singh Nibber, Managing Director of Pritika Engineering Components, said, "We are pleased to report a robust performance in Q2 FY25, highlighted by a significant increase in revenue of 40.59 per cent year-over-year, reaching Rs 32.03 crore". In
Apparel manufacturer Page Industries Ltd has reported a 30 per cent increase in net profit at Rs 195.25 crore for the second quarter ended September 2024 helped by volume growth, stable input costs and improved operating efficiency. The company had posted a net profit of Rs 150.27 crore during the July-September period a year ago, according to a filing from Page Industries Ltd (PIL) on Thursday. Its revenue from operations was up 11.06 per cent to Rs 1,246.27 crore in the September quarter of this fiscal. It was at Rs 1,122.11 crore in the corresponding period a year ago. The "sales volume grew 6.7 per cent YoY, amounting to 55.2 million pieces," PIL said in its earnings statement. Moreover, stable input costs and improved operating efficiency contributed to significant growth in operating profit, it added. Total expenses of Page Industries was at Rs 998.34 crore, up 7.54 per cent in the September quarter. The total income, which includes other income and finance income, was at R
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Square Yards, which is mainly into housing and home loan brokerage business, has reported 66 per cent increase in gross profit at Rs 25 crore for June quarter FY25 on higher income. Its gross profit stood at Rs 15 crore in the year-ago period. Total revenue rose 52 per cent to Rs 261 crore as against Rs 172 crore in the year-ago period. Out of the total revenue, the turnover of India business grew 49 per cent to Rs 217 crore. The company also has presence in Dubai market. "Q1 has consistently contributed 16-18 per cent of our overall revenue, and based on this trend, we project revenue for FY25 to align with our forecast of Rs 1,506 crore (USD 180 million)," stated Tanuj Shori, Founder and CEO, Square Yards.
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