The Competition Commission of India (CCI) has given its green light to the proposed amalgamation of Mangalore Chemicals & Fertilizers Limited (MCFL) with Paradeep Phosphates Limited (PPL) and the subsequent acquisition of MCFL’s equity shares by Zuari Maroc Phosphates Private Limited (ZMPPL). Both MCFL and PPL are key players in the production and marketing of …
Torrent Power Limited has announced the incorporation of a wholly-owned subsidiary, Torrent Urja 18 Private Limited (TU18), on July 30, 2024. This strategic move positions the company to actively participate in the burgeoning hydrogen and renewable energy sectors. TU18 has been established with a broad scope of operations encompassing the manufacturing, processing, and distribution of …
Indus Towers Limited announced robust financial results for the first quarter ended June 30, 2024. The company reported a consolidated revenue of ₹7,383 crores, marking a 4.3% year-on-year increase. Notably, EBITDA surged 29.4% to ₹4,545 crores, translating to a healthy EBITDA margin of 61.6%. Driven by improved operational efficiency and cost management, Indus Towers’ net …
Waaree Renewable Technologies Limited, the Solar EPC arm of Waaree Group, has announced exceptional financial results for the first quarter ended June 30, 2024 (Q1 FY25). The company’s revenue surged by an impressive 83.31% year-on-year to reach ₹236.35 crores, demonstrating robust growth in its solar EPC operations. This strong top-line performance was complemented by an …
On July 30, 2024, Zaggle Prepaid Ocean Services Limited, a company specialising in SaaS fintech and spend management solutions, released its unaudited financial results for the quarter ending June 30, 2024. Q1FY25 – Key Highlights In Q1FY25, Zaggle Prepaid Ocean Services Limited reported significant financial growth. Revenue from operations surged by 112.9% to ₹2,522.1 million, …
On July 30, 2024, Tata Consumer Products Ltd released its financial results for the quarter ending June 30, 2024. Revenue from operations increased by 16% (16% in constant currency) compared to the same quarter last year. Organic growth, excluding new acquisitions like Capital Foods and Organic India, was 10%. However, profit before exceptional items and …
On July 30, 2024, Vedanta Limited, a top global company in critical minerals, energy, and technology, announced that 75% of its secured creditors had approved its plan to move forward with its demerger. Vedanta will now seek clearance from stock exchanges and file its demerger scheme with the National Company Law Tribunal (NCLT). Strategic Vision …
On 30 July 2024, Star Health and Allied Insurance Company Ltd. (Star Health Insurance), India’s largest retail health insurance provider, announced its Q1FY25 financial results. The company reported a significant 18% increase in Gross Written Premium (GWP), reaching ₹3,476 crore, compared to ₹2,949 crore in the same period last year. Additionally, their Profit After Tax …
GAIL (India) Limited has announced its financial results for the quarter ended June 2024. The company showcased strong financial performance in Q1 FY25. The company’s Revenue from Operations increased to ₹33,692 crore, compared to ₹32,227 crore in Q1 FY24, reflecting a notable year-on-year growth. The Profit before Tax (PBT) surged to ₹3,642 crore in Q1 …
Macrotech Developers Ltd (Lodha) announced its financial results for the quarter ended June 30, 2024, showcasing a stellar performance. The company reported its best-ever Q1 pre-sales performance with robust margins, adding three new projects in the Mumbai Metropolitan Region (MMR) and Pune, with a combined Gross Development Value (GDV) of ₹111 billion. For Q1FY25, Lodha’s …
