Corporate News
SBI Reports 28% Net Profit Growth, Reaches ₹18,331 Crore in July-September Quarter
The operating profit shot up 50.87% to Rs 29,294 crore on a year-on-year basis.
Ola Electric's Net Loss Jumps 43% in Q2, Revenue Drops 26%
The electric two-wheeler company's revenue also slid 26.1 per cent to Rs 1,214 crore, on-quarter, from Rs 1,644 crore in the first quarter of this fiscal.
MapmyIndia Reports 8.2% Drop in Net Profit for Q2, Revenue Increases by 14%
While Q2 FY25 revenue from operations were at Rs 104 crore, up by 14%, in the first half of FY25, the revenue was at Rs 205 crore compared to Rs 181 crore in H1 FY24.
Physics Wallah Reports 346% Increase in Losses, Reaches ₹375 Crore in FY24
This is a way up at 13 times the FY24 losses, considering Rs 756 crore of the compulsory convertible preference shares (CCPS) written off as a fair value loss. In isolation, this leaves the FY24 net loss at Rs 375 crore, based on financial statements filed with the Registrar of Companies.
SAIL Reports Rs 834 Crore Net Profit for July-September Quarter
The revenue was dented by the inflow of cheap Chinese imports that ultimately eroded the price of the steel.
Mahindra Reports 13% Rise in Q2 Net Profit Driven by Strong SUV and Tractor Sales
M&M said its automobile segment, which manufactures the much-popular Thar and Scorpio SUVs, has logged in the highest-ever quarterly volumes at 2,31,038 units for the quarter with a rise of 9 per cent over the same period of last year.
Akasa Reports ₹1,670 Crore Loss for FY24; CFO Anticipates Improved Performance Ahead
The airline, which has been operational for more than two years, had a loss after tax of Rs 744.53 crore in 2022-23, according to data accessed by Tofler, a business intelligence platform.
New UK Opposition Leader Appoints Priti Patel as Shadow Foreign Secretary
The company's consolidated net profit for the quarter ended September 30 has gone up to Rs 653 crore, from a year ago, and marked an increase of 30% for the same period last year.
Adani Ports Reports 42% Surge in Net Profit, Reaching ₹5,520 Crore in H1 FY25
A quarterly indicator, diversified Adani Group flagship reported a net profit of Rs 2,413 crore, up 37 per cent, while the operating revenue rose 13 per cent YoY to Rs 14,627 crore in H1 FY25. Above all, in ports revenue, it grew 11 per cent YoY at Rs 12,824 crore.
Maruti Suzuki India Reports 18% Decline in Q2 Net Profit, Totalling ₹3,069 Crore
As said by India's largest automaker, it is on account of the provision of Rs 837 crore owing to the withdrawal of indexation benefit and the change in tax rate on long-term capital gains on debt mutual funds as a part of the Finance Act 2024.
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