JM Financial Limited announced robust financial results for the first quarter ended June 30, 2024, reflecting growth across key business segments. Key Highlights Strong growth in private wealth and PMS AUM Expansion of retail mortgage lending business Significant increase in platform AWS business Progress in alternative and distressed credit segment Wholesale Credit Business The company …
On August 06, 2024, Fortis Healthcare Ltd, a top healthcare provider in India, released its unaudited financial results for the quarter ending June 30, 2024. As of June 30, 2024, Fortis Healthcare Ltd’s net debt was ₹308 crore, with a Net Debt to EBITDA ratio of 0.22x, down from 0.35x a year earlier. The Net …
On August 06, 2024, Lupin Limited, a leading pharmaceutical company, announced its financial results for the quarter ending June 30, 2024. Lupin Limited reported a gross profit of ₹37,697 million, up from ₹33,213 million in Q4 FY2024, with a gross margin of 68.4%. Personnel costs amounted to ₹9,710 million, or 17.6% of sales, compared to …
IIFL Finance reported a decline in net profit after tax by 28% YoY to ₹338 crore for Q1 FY25. PBT also decreased by 29% YoY to ₹436 crore. While the company witnessed growth in key segments like home loans and loans against property, the overall performance was impacted by factors such as a decline in …
On August 06, 2024, Rain Industries Limited released its unaudited financial results for the second quarter, which ended on June 30, 2024. Financial Highlights for Q2 2024 RAIN’s revenue from operations was ₹40.94 billion, down from ₹46.27 billion in Q2 2023. The adjusted EBITDA stood at ₹4.90 billion, compared to ₹6.75 billion in the same …
Gabriel India Limited has announced to the stock exchanges that it has entered into a Group Captive Arrangement under the Electricity Act, 2003 and Electricity Rules, 2005. This arrangement involves the establishment of a Group Captive Power Plant by TP Solapur Solar Limited, a Special Purpose Vehicle. The power plant is designed for collective use …
On August 6, 2024, Aurobindo Pharma Limited announced that it had received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Estradiol Vaginal Inserts USP, 10 mcg. This product is bioequivalent and therapeutically equivalent to the reference listed drug (RLD), VAGIFEM® 10 mcg, developed by Novo Nordisk Inc. The company …
On August 6, 2024, G R Infraprojects Limited announced that it has emerged as the L-1 bidder for the establishment of the “Transmission Scheme for Integration of Tumkur‐II REZ” in Karnataka. This project was awarded through a tariff-based competitive bidding (TBCB) process on a build, own, operate, and transfer (BOOT) basis. The announcement was made …
Tata Power Company Limited announced its financial results for the quarter ended June 30, 2024. The company reported its highest-ever profit after tax (PAT) of ₹1,189 crore, a 31% year-on-year growth. This marks the 19th consecutive quarter of PAT growth, driven by strong operational performance and execution excellence across its Generation, Transmission & Distribution, and …
Tata Motors Ltd.’s passenger electric vehicle division, Tata Passenger Electric Mobility Ltd. (TPEML), has announced a strategic collaboration with Tata Power Renewable Energy Ltd. (TPREL) to boost the adoption of rooftop solar systems and electric vehicles (EVs) across India. This initiative is in line with the Indian government’s ongoing support for EVs and renewable energy. …
