Corporate News
Godrej Properties Reports a 21.5% Surge in Q2 Net Profit
During the July-September quarter of the current financial year, the company's total income surged to over Rs 605 crore, marking a significant increase from the Rs 369.2 crore reported during the corresponding period of the previous year.
Q2 Results: Tata Steel Faces Rs 6,511 Crore Loss in Latest Quarter
The company's consolidated total revenue from operations for this quarter was Rs 55,681 crore, a decrease from the Rs 59,877 crore reported in the same period the previous year.
Hero MotoCorp Reports 47% Surge in Profits; Chairman Munjal Accepts 20% Pay Reduction
The revenue from operations also saw a 4 percent rise, reaching Rs 9,445.42 crore for the quarter.
IT Companies Experience Yet Another Quarter of Lackluster Growth
The underlying trends observed in Q2 were quite similar to those of the previous quarter, with North America continuing to be the epicenter of weakness.
Unacademy's CFO Steps Down in Yet Another Top-Level Resignation Under Gaurav Munjal
This marks the second senior-level departure from the edtech startup in recent months. The Morning Context reported that Ramachandran has submitted his resignation and is currently serving his notice period, as per inside sources.
Tata Consumer Products Q2 PAT Rs 267.79 crore, to amalgamate three subsidiaries with itself
In a regulatory filing, Tata Consumer Products said for the quarter ended September 30, 2023, its standalone operational revenue stood at Rs 2,359.59 crore (Q2FY23 Rs 2,130.78 crore) and net profit of Rs 267.79 crore (Rs.229.52 crore).
Bharti Airtel Q2 PAT down to Rs 1,340.7 crore
In a regulatory filing, the company said for the quarter ended September 30, 2023, its consolidated operational revenue stood at about Rs 37,043.8 crore (Q2FY23 Rs.34,526.8 crore) and a net profit of Rs 1,340.7 crore (Rs 2,145.2 crore).
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.
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