Shares of Cera Sanitaryware Ltd. experienced a slight uptick on Monday, August 5th, gaining just over a percent. This increase came in response to the company’s announcement that its board has approved a buyback of its equity shares. Buyback Details Cera Sanitaryware plans to buy back up to 1.08 lakh equity shares, which constitutes 0.83% …
Orissa Bengal Carrier Limited (OBCL), a player in the transportation and logistics industry, has recently secured a significant contract with Vedanta Limited. This new deal exemplifies OBCL’s continued growth and its capacity to handle large-scale transportation projects. In this blog, we will delve into the details of the contract, OBCL’s comprehensive services, and the company’s …
Amara Raja Energy & Mobility (ARE&M) announced robust financial results for the first quarter ended June 30, 2024. The company reported a 23% year-on-year increase in profit before tax to ₹328.66 crore, translating to an Earnings Per Share (EPS) of ₹13.36. Revenue from operations surged to ₹3,131.19 crore, a 13% growth compared to the same …
Affle (India) Limited, a global technology company, reported robust financial results for the first quarter ended June 30, 2024. Consolidated revenue surged 27.8% year-on-year to ₹519.5 crore, driven by the CPCU business’s stellar performance. EBITDA climbed 34% to ₹104.7 crore, with margins expanding to 20.1%. Profit after tax (PAT) increased by 30.8% to ₹86.6 crore, …
Texmaco Rail & Engineering Ltd, a Kolkata-based engineering company, announced on Saturday that it has secured significant orders worth ₹243 crore from the Mumbai Railway Vikas Corporation (MRVC). These orders are for power supply projects along two key railway routes in Maharashtra. Specifically, the projects involve upgrading the power infrastructure for the 3rd and 4th …
Kuantum Papers Limited has reported its financial results for the quarter ending June 2024. The company achieved an impressive ₹2,807 million in income from operations, ₹382 million in net profit, and ₹716 million in EBITDA. Despite facing pricing pressures in the market, Kuantum Papers maintained a healthy EBITDA margin of 25.51%, demonstrating its operational resilience. …
On August 14, 2024, Paras Defence and Space Technologies Limited, one of the leading manufacturers of defence and space engineering products, announced that its associate company, Controp-Paras Technologies Private Limited, has received an order from Larsen and Toubro Limited worth ~₹305 crore (plus taxes). As per the terms of the contract, Controp-Paras Technologies Private Limited …
CE Infosystems Ltd., the company behind MapMyIndia, is optimistic about its business prospects, particularly its Internet of Things (IoT) and maps segments, after reporting strong first-quarter results for FY25 as the company has achieved over Rs 100 crore in revenue. Despite quarterly fluctuations in revenue, CEO Rohan Verma mentioned that the company is on track …
The passing away of Dalal Street mogul Rakesh Jhunjhunwala back in August has reignited the debate about who will sit on the ‘Big Bull’ throne. Rakesh Jhunjhunwala’s Journey to Rs. 32,000 crores Born in 1960 and trained as a chartered accountant by profession, Rakesh Jhunjhunwala entered the Indian markets with only Rs. 5,000. He initiated …
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