SIS Ltd, a leading security solutions provider, announced its financial results for the quarter ended June 30, 2024 (Q1 FY25). While revenue witnessed growth, profitability faced headwinds due to operational challenges. Revenue Growth, Margin Pressure The company recorded a 5.1% YoY increase in revenue to ₹3,129.9 crore during Q1 FY25. However, EBITDA margin contracted to …
ICICI Lombard General Insurance Company Limited announced a strategic investment in Bajaj Finance Limited on July 24, 2024, by acquiring a 0.04% stake for a cash consideration of ₹1.60 billion. This acquisition was finalised on the same day. Strategic Alignment While the specific rationale behind this investment has not been explicitly outlined, it is likely …
EPACK Durable Limited, India’s leading original-design manufacturer of room air conditioners and other small domestic appliances, reported robust financial results for the quarter ended June 30, 2024 (Q1 FY25). Revenue and Profitability Surge The company witnessed a remarkable 77% year-on-year (YoY) increase in revenue, reaching ₹7,737 million in Q1 FY25. This significant growth was driven …
On July 24, 2024, Aditya Birla Sun Life AMC Limited (ABSLAMC) released its unaudited financial results for the quarter that ended on June 30, 2024. Business Highlights In the quarter ending June 30, 2024, Aditya Birla Sun Life AMC Limited (ABSLAMC) saw significant growth in its business. The total assets under management, including alternative assets, …
CMS Info Systems Limited, India’s leading business services company specialising in banking logistics and technology services, has announced its financial results for Q1 FY25. In Q1 FY 2025, the company reported a revenue of ₹599 crore, reflecting a 17% year-over-year growth. Adjusted EBITDA stood at ₹164 crore, marking an 8% year-over-year growth, while adjusted PAT …
Nestlé India Limited has announced a significant development in its strategic partnership with Dr Reddy’s Laboratories Limited (DRL) through a recent stock exchange filing. Following up on their previous communication dated April 25, 2024, the company has disclosed that it has acquired 49,000 equity shares, each with a nominal value of ₹10, in the newly …
PDS Limited, a global fashion solutions and infrastructure company, has reported its financial results for Q1 FY25, showcasing a robust start to the fiscal year with a notable 28% increase in Gross Merchandise Value (GMV). The GMV for Q1 FY25 stood at ₹3,898 crore, up from ₹3,043 crore in Q1 FY24. The company’s order book …
ITC Ltd has announced a strategic expansion in its global operations through a recent stock exchange filing. ITC Infotech India Limited (I3L), a wholly owned subsidiary of ITC Ltd, has established a new wholly owned subsidiary in Italy named ITC Infotech Italia s.r.l. (Infotech Italy). The incorporation of Infotech Italy was officially completed on July …
CG Power and Industrial Solutions Limited announced in a stock exchange filing that it has entered into definitive agreements to acquire a 55% stake in G.G.Tronics India Private Limited (GGT) for up to ₹319.38 crore. The acquisition is expected to be completed on or before August 23, 2024. With over 86 years of history, CG …
On July 24, 2024, Motherson Sumi Systems Limited announced via a stock exchange filing that it had acquired Samvardhana Motherson Advanced Innovations Limited, incorporated under Samvardhana Motherson Innovative Solutions Limited (SMISL). SMISL, a wholly owned subsidiary of Samvardhana Motherson International Limited, will hold the entire share capital (100%) of the newly acquired entity, including shares …
