Corporate News
Maruti Suzuki India Reports 18% Decline in Q2 Net Profit, Totalling ₹3,069 Crore
As said by India's largest automaker, it is on account of the provision of Rs 837 crore owing to the withdrawal of indexation benefit and the change in tax rate on long-term capital gains on debt mutual funds as a part of the Finance Act 2024.
Adani Enterprises Ltd Achieves 6.6x Net Profit Growth, Reporting ₹1,741 Crore in Q2
The company achieved 2.5 times net profit growth at Rs 3,196 crore compared with last fiscal's Rs 902 crore for the first six months of this fiscal. Its revenues grew by 14% to Rs 49,263 crore in H1 FY25.
Tata Technologies Reports Over 3% Decline in Net Profit for Q2 FY25
The leading global engineering services company reported operating revenue at Rs 1,296 crore, up 2.1% YoY and 2.2% QoQ.
Bharti Airtel Appoints COO Shashwat Sharma as MD and CEO; Vittal Takes on Expanded Role
Vittal will take over as Executive Vice Chairman, effective January 1, 2026. The company said that on January 1, Shashwat Sharma, COO, will assume the position of MD and CEO of Bharti Airtel.
ICICI Bank Reports 14.5% Increase in Q2 Profit, Reaching ₹11,746 Crore
Total income increased to Rs 47,714 crore in the quarter under review from Rs 40,697 crore during the same period last year, the ICICI Bank said in a regulatory filing. Interest income for the quarter stood at Rs 40,537 crore, as compared to Rs 34,920 crore during the year-ago period.
Adani Wilmar Achieves Record Half-Yearly Net Profit of ₹624 Crore
The Adani Group company clocked Rs 326 crore in standalone profit (PAT), up from Rs 324 crore in Q1 FY25. The company saw 18 percent revenue surge at Rs 14,460 crore in the quarter, year-on-year.
Mankind Pharma Finalizes Acquisition of BSV for ₹13,768 Crore
This strategic acquisition positions Mankind to be a market leader in the women's health and fertility drug space within India and also allows entry into other very high-entry-barrier products in the critical care segment through platforms established by BSV's well-established complex R&D tech platforms.
MakeMyTrip Reports Q2 Profit of $17.9 Million
The revenue for the quarter in accordance with International Financial Reporting Standards was up 26.5 percent in constant currency to USD 211 million from USD 168.7 million in Q2 FY24, according to a statement. Adjusted operating profit rose 32.9 per cent year-on-year to USD 37.5 million in Q2 FY25.
Paytm Reports ₹928.3 Crore Q2 Profit Boosted by Sale of Entertainment Ticketing Business
Consolidated revenue from operations dipped 34.1% year on year to Rs 1,659.5 crore in the just-ended quarter.
Adani Group to Acquire CK Birla's Orient Cement for ₹8,100 Crore Valuation
Ambuja Cements, the cement and building material company of Adani Cement, has signed a binding agreement for acquiring Orient Cement Ltd at an equity value of Rs. 8,100 crore.
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