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. …
Introduction Cupid Limited, India’s premier manufacturer of male and female condoms, water-based lubricant jelly, IVD kits, and deodorants, has declared its financial results for the quarter ended June 30, 2024. The company has showcased remarkable growth across various financial metrics, reflecting its strategic initiatives and operational efficiency. Financial Highlights Rs in Lakhs Particulars Q1FY25 Q1FY24 …
NTPC is India’s largest energy company, founded in 1975 to expedite power development in the country. Over the years, it has emerged as a leading player in the power sector, operating across the entire power generation value chain. State-owned power giant NTPC will seek shareholder approval to raise up to Rs 12,000 crore through the …
L&T Finance Ltd. has officially received its certificate of registration as a Non-Banking Financial Company (Investment and Credit Company) from the Reserve Bank of India (RBI) as of August 2. This transition marks a shift from its previous registration as an NBFC-Core Investment Company (NBFC-CIC), following the merger with its wholly owned subsidiaries, L&T Finance, …
