Corporate News
Vodafone Idea Secures Rs 2,075 Crore Through Preferential Share Allotment to AB Group
Post the allotment process, Vi's paid-up equity share capital will escalate from Rs 66,483.45 crore to Rs 67,878.88 crore, as stated in the regulatory filing. Despite a 95% surge in its stock value over the past year, Vi's shares concluded at Rs 13.60 apiece on Tuesday.
SAIL's Q4 Profit Slips 2%, Reaches Rs 1,126 Cr; FY24 Net Profit Climbs to Rs 3,066 Cr
The profit and revenue decline were primarily influenced by the heightened costs of raw materials during the fourth quarter of FY24, which surged to Rs 15,130 crore from Rs 14,828.04 crore in the previous year. Nevertheless, the company managed to lower its total expenses to Rs 26,473.86 crore from Rs 28,088.17 crore in the corresponding period last year.
JSW Steel Reports a 64% Drop in Q4 Net Profit to Rs 1,299 Crore
The revenue from operations of the steel major in the fourth quarter declined marginally to Rs 46,269 crore from Rs 46,962 crore in the same period of the previous year, according to a regulatory filing.
Medanta Hospitals Witnesses Impressive 25% Surge in Q4 Net Profit to Rs 127 Crore
The Dr. Naresh Trehan-led healthcare major posted a 14 per cent increase in revenue from operations at Rs 808 crore during the fourth quarter compared to Rs 707 crore in the same quarter last year.
Delhivery Reports Rs 69 Crore Loss for Jan-March Quarter as CBO Sandeep Barasia Resigns
Over the entire fiscal year FY24, Delhivery reported a notable reduction in loss after tax, narrowing by Rs 759 crore to Rs 249 crore compared to Rs 1,008 crore in the preceding fiscal year.
Vodafone Idea Reports Expanded Q4 Loss of Rs 7,674 Crore
While there was a slight uptick in revenue from operations, reaching Rs 10,606 crore compared to Rs 10,531 crore in the same quarter of the preceding financial year, the noteworthy increase was observed in the average revenue per user (ARPU), climbing from Rs 135 to Rs 146.
CFO of Ola Cabs, Karthik Gupta, Resigns Just 7 Months After CEO's Departure
Gupta's resignation comes close on the heels of the company's CEO, Hemant Bakshi, who resigned two weeks ago.
HAL Reports Impressive 52% Surge in Q4 Net Profit, Reaches Rs 4,308 Crore
The company's revenue from operations during the fourth quarter rose by 18% to Rs 14,768.70 crore from Rs 12,494 crore in the corresponding period of the previous year.
MakeMyTrip Records Robust 23% Surge in Gross Bookings, Achieves $172 Million Profit in Q4
The company clocked $171.9 million in profit for the quarter, boosted by a one-time credit of $126.1 million stemming from the recognition of deferred tax assets. Additionally, there was a one-time gain of $30.6 million “due to the change in carrying value of our convertible notes due 2028 measured at amortised cost”.
Hero MotoCorp Hits Milestone: Surpasses Rs 1 Lakh Cr Market Valuation
Maintaining its winning streak for the fifth consecutive session, Hero Motocorp shares surged to a 52-week high of Rs 5,050 per share on the Bombay Stock Exchange (BSE). The stock closed with a 3.15 per cent increase at Rs 5041.90. Similarly, on the National Stock Exchange (NSE), the stock reached a 52-week high of Rs 5,051, closing with a 3.37 per cent rise at Rs 5,050 per share.
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