Corporate News
SAIL Reports Rs 834 Crore Net Profit for July-September Quarter
The revenue was dented by the inflow of cheap Chinese imports that ultimately eroded the price of the steel.
Mahindra Reports 13% Rise in Q2 Net Profit Driven by Strong SUV and Tractor Sales
M&M said its automobile segment, which manufactures the much-popular Thar and Scorpio SUVs, has logged in the highest-ever quarterly volumes at 2,31,038 units for the quarter with a rise of 9 per cent over the same period of last year.
Akasa Reports ₹1,670 Crore Loss for FY24; CFO Anticipates Improved Performance Ahead
The airline, which has been operational for more than two years, had a loss after tax of Rs 744.53 crore in 2022-23, according to data accessed by Tofler, a business intelligence platform.
New UK Opposition Leader Appoints Priti Patel as Shadow Foreign Secretary
The company's consolidated net profit for the quarter ended September 30 has gone up to Rs 653 crore, from a year ago, and marked an increase of 30% for the same period last year.
Adani Ports Reports 42% Surge in Net Profit, Reaching ₹5,520 Crore in H1 FY25
A quarterly indicator, diversified Adani Group flagship reported a net profit of Rs 2,413 crore, up 37 per cent, while the operating revenue rose 13 per cent YoY to Rs 14,627 crore in H1 FY25. Above all, in ports revenue, it grew 11 per cent YoY at Rs 12,824 crore.
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.
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