Corporate News
Core sector industries clock 8.1% growth in September
The Index measures combined and individual performance of production of eight core industries that also include fertilizers, natural gas, and refinery products.
Edtech platform Cuemath’s losses up, sales dips over 18%
The startup’s revenue from operations nosedived 18.6 per cent to Rs 120.5 crore in FY23 from Rs 148.1 crore in FY22, according to its financial data filed with the Registrar of Companies (ROC).
GAIL posts 70% increase in q1 net profit at 2,405 crore
The natural gas transmission volume stood at 120.31 MMSCMD in Q2 FY24 as against 116.33 MMSCMD in Q1 FY24. Gas marketing volume stood at 96.96 MMSCMD as against 98.84 MMSCMD in previous quarter. LHC sales stood at 242 TMT as against 247 TMT and Polymer sales stood at 168 TMT as against 162 TMT in comparison to previous quarter.
Indian Oil net profit shoots up to Rs 12,967 crore in q2
The profit in the current fiscal comes on the back of higher refining margins. The total revenue during the quarter was Rs 1.8 lakh crore.
DLF clocks 31% jump in q2 net profit at Rs 623 crore
The company’s revenue from operations during the quarter rose 4 per cent to Rs 1,348 crore. It reported consolidated EBITDA of Rs 462 crore for the September quarter, up 6 per cent over the same period of the previous year.
TVS Motor logs Rs 536.55 crore PAT
In a regulatory filing, the company said for the quarter ended September 30, 2023, it had logged an operational revenue of Rs 8,144.61 crore (Q2FY23 Rs 7,219.18 crore) and a net profit of Rs 536.55 crore (Rs 407.47 crore).
Castrol India books Rs 194 crore PAT for Q3
Castrol India follows the calendar year – January – December- as its financial year.
Now BharatPe’s chief product officer Ankur Jain moves on
According to reports, Jain is currently serving notice period and the announcement may come soon. He is reportedly going to start his own venture in the growing artificial intelligence (AI) and machine learning (ML) space.
Apple India’s net profit up 76%, sales touched Rs 50K cr in FY23
It is the fastest growth of net profit for Apple in India in the last five years, according to the Economic Times, citing information from Apple's Registrar of Companies (RoC).
NTPC posts 38% jump in Q2 net profit at Rs 4,726cr, lines up dividend
The NTPC board has approved payment of the first interim dividend of Rs 2.25 per share on the face value of paid-up equity shares of Rs 10 each for FY24. The dividend will be paid on November 23.
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