Corporate News
Infosys veteran Richard Lobo joins Byju's to help firm boost HR functions
Lobo joins Byju's after a 23-year career at Infosys, where he held various leadership roles, most recently serving as its EVP and Head of Human Resources.
ITC gross revenue (ex-Agri Business) up 10.6% YoY; PBT at Rs. 6,546 crores, up 18.2% YoY
Gross Revenue stood at Rs. 16,843 crores representing a de-growth of 7.3% YoY (ex-Agri Business: up 10.6%) while PBT at Rs. 6,546 crores grew by 18.2% YoY. PAT grew by 17.6% YoY to Rs. 4,903 crores. Earnings Per Share for the quarter stood at Rs. 3.9 (previous year Rs. 3.4).
Innovations, strategy drive realme's exceptional 51% Q2 growth in India
In the face of fierce competition, realme stands out for its steadfast strategy for introducing ground-breaking technologies to the market. Recognizing the need to differentiate itself, realme has managed to carve a niche for its products that resonates with consumers seeking both price-friendliness and advanced features.
Biocon registers Rs 3,516 crore revenues in Q1, up 59% YoY
"We have had a strong start to the year. At a consolidated level, revenues rose 59 per cent YoY to Rs 3,516 crore driven primarily by the 106 per cent jump in biosimilars revenue. Research services revenue rose 25 per cent, and Generics reported 15 per cent growth.
Hero MotoCorp logs higher revenue, profit on lower sales volume
In a regulatory filing on Thursday, the company said it had closed the quarter ending June 30 with an operational revenue of Rs 8,767.27 crore (against Q1FY23's Rs 8,392.54 crore) and a net profit of Rs 824.72 crore (Rs 624.52 crore).
Ola Electric registers whopping Rs 784cr loss in FY22
The company finally published its financial results for fiscal year 2021-2022, registering Rs 373 crore in operating revenue during FY22, as compared to Rs 0.86 crore in FY21.
CarTrade Tech logs Rs 13.51 crore Q1 PAT
According to the company, for the first quarter of FY24 it had logged a total income of Rs 106.91 crore (Q1FY23 Rs 92.77 crore) and a net profit of Rs 13.51 crore (Rs 3.31 crore).
Grasim Industries consolidated Q1 net lower at Rs 1,576.47 crore
In a regulatory filing, the company said for the quarter ended June 30, 2023, it had earned operational revenue of Rs 31,065.19 crore (against Q1FY23's Rs 28,041.54 crore) and an after tax profit of Rs 1,576.47 crore (Rs.1,933.39 crore).
Coal India posts lower net on consolidated basis at Rs 7,971cr
In a regulatory filing, Coal India said during the Q1FY24 it had logged an operational revenue of Rs 35,983.21 crore (Q1FY23 Rs 35,092.17 crore) and a net profit of Rs 7,971.04 crore (Rs 8,832.86 crore).
MobiKwik posts 181% increase in adjusted EBITDA in Q1, aims 2X growth in FY24
This is the second consecutive quarter when MobiKwik has registered a profitable growth.
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