Corporate News
Edtech unicorn PhysicsWallah registers 91% drop in net profit
The company experienced a sharp decline in net profit, plummeting to Rs 8.9 crore in the fiscal year 2022-23 (FY23), down from Rs 98.2 crore in the preceding fiscal year FY22.
Hero MotoCorp Reports 51% Surge in Q3 Net Profit, Announces Rs 100 Dividend per Share
In a significant move, the company's board has proposed an interim dividend of Rs 75 per share for the ongoing fiscal year. Additionally, recognizing the centennial year of Chairman Emeritus Dr. Brijmohan Lall Munjal, the board has recommended a special dividend of Rs 25 per share.
Zomato CEO Deepinder Goyal Acquires Two New Delhi Plots Valued at Rs 79 Crore
In the first transaction, Goyal reportedly paid Rs 1.74 crore in stamp duty and Rs 29 crore for 2.5 acres of land. For the second transaction, he paid Rs 3.50 crore in stamp duty and acquired 2.53 acres of land for Rs 50 crore. Both land deals were finalized in the previous year.
IndiGo Reports Robust Q3 Revenue Surge Amidst Concerns over Rs 511,875 Million Debt Landscape
The airline reported an EBITDA of Rs 54,751 million with a 28.1% increase, excluding foreign exchange loss. A profit of Rs 30,491 million was recorded, compared to Rs 20,091 million in the corresponding period of the previous fiscal.
Tata Motors' Q3 Profit After Tax Soars to Rs 7,145.43 Crore
P.B. Balaji, Group Chief Financial Officer of Tata Motors, expressed satisfaction with the consistent execution of differentiated strategies by their businesses, leading to a strong set of results for six consecutive quarters. He stated, "We aim to end the year on a strong footing and remain confident of sustaining our performance in the coming quarters and delivering on our de-leveraging plans."
Indian Oil Records Significant Surge in Net Profit, Reaching Rs 8,063 Crore in Q3
The oil marketing giant's revenue from operations for Q3 2023-24 amounted to Rs 2,23,012 crore, slightly lower than the Rs 2,28,168 crore recorded in the same quarter of the previous financial year.
L&T Achieves a 15% Surge in Q3 Net Profit, Reaching Rs 2,947 Crore
The company disclosed consolidated revenues of Rs 55,128 crore for the third quarter, marking a substantial 19% rise over the same quarter in the preceding year. This growth was attributed to the heightened execution of the robust order book within the Projects and Manufacturing portfolio.
Dr. Reddy’s Reports Strong Q3 Performance with a 10.6% Rise in Net Profit at Rs 1,379 Crore
GV Prasad, Co-Chairman and MD of Dr Reddy's Laboratories, expressed satisfaction with the quarter's performance, citing the company's delivery of its highest-ever sales and robust financial results. He credited the success to the performance of new products, market share gains in the US, momentum in new product launches, and strong performance in Europe.
ITC Reports Q3 Gross Revenue of Rs 17,483 Crore, Reflecting 2.1% Year-on-Year Growth
Earnings per share for the quarter were Rs 4.47 (compared to Rs 4.06 in the previous year).
Bajaj Finance Reports Q3 Net Profit Soars to Rs 3,177.39 Crore
The increase in profit can be attributed to an overall growth in the company’s revenue, which includes income from fees and commissions amounting to Rs 1,228.10 crore, showing an improvement from Rs 1,669.17 crore earned during the corresponding period of the previous year.
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