Adani Energy Solutions posted a more than two-fold jump in its Q2 FY25 net profit, reaching Rs 675 crore, compared to Rs 276 crore in the same quarter of the previous financial year. However, it missed analysts’ net profit estimate of Rs 888 crore. The strong profit growth was driven by a higher Ebitda, along
Food delivery major Zomato on Tuesday reported a profit surge of 388.9 per cent during the fiscal second quarter at Rs 176 crore in comparison to Rs 36 crore recorded during the corresponding quarter of previous fiscal year. It recorded revenue from operations at Rs 4799 crore, up 68.5 per cent as against Rs 2848
E-commerce major Snapdeal announced that it has witnessed 1.8 times growth in order volumes during the festive season sale till 15th October 2024. The growth is in comparison with last year’s festive season sales period. The e-commerce platform is focused on value segments and hosts high-quality, value -priced merchandise in key categories like home, fashion
Varun Beverages, one of the largest bottling partners of PepsiCo, on Tuesday reported a profit growth of 23.7 per cent for the third quarter of CY2024 at Rs 619.61 crore in comparison to Rs 501.07 crore recorded during the corresponding quarter of last year. It posted revenue from operations at Rs 4932.06 crore, up 25.3
One 97 Communications Ltd, the parent company of Paytm, on Tuesday reported its fiscal second quarter earnings with profit at Rs 928.30 crore, in comparison to a loss of Rs 290.50 crore during the corresponding quarter of previous financial year. “With a one-time exceptional gain of Rs 1,345 crore, on account of sale of entertainment
Adani-owned Ambuja Cements on Tuesday announced that it has signed a binding agreement for the acquisition of Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore. Ambuja will acquire 46.8 per cent shares of OCL from its current promoters and certain public shareholders and the acquisition will be fully funded through internal
Go to Live UpdatesQ2 Earnings 2024 Live Updates: The fiscal second quarter earnings season is in full swing now with many major firms and all of the IT services giants having released their Q2 results. Firms like Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries, Bank of Maharashtra, Nestle India, Axis
India’s import bill for natural gas surged by 18.5% to $7.7 billion during the first half of the current fiscal compared with $6.5 billion in the same period a year ago due to a rise in consumption particularly by the city gas distribution (CGD) companies and the power sector, data from the Petroleum Planning and
Hindustan Unilever Ltd (HUL) on Wednesday released its fiscal third quarter earnings with profit at Rs 2,989 crore, up 19.18 per cent in comparison to Rs 2,508 crore reported during the corresponding quarter of FY24, surpassing estimates. In a statement, HUL said that the profit was driven majorly on account of profit from the divestment
Major brokerages remain positive on Paytm as the fintech managed to narrow its third quarter net loss, with the company continuing to witness an improvement in business metrics. Founder and CEO Vijay Sekhar Sharma on Tuesday said the company is poised to achieve profitability in the next quarter. Shares of One97 Communications, the parent, on Tuesday declined around 7% in intra-day
EMA Partners IPO, an SME issue, opened for subscription from January 17 to January 21. The issue, now after its completion of the three-day bidding, is likely to finalise the allotment of the shares today, January 22. Investors who have participated in the IPO can check the allotment status online through platforms such as NSE
The benchmark equity indices ended Wednesday’s trading session in positive territory. The NSE Nifty 50 added 135.85 points or 0.59% to settle at 23,160.50, while the BSE Sensex rose 614.57 points or 0.81% to end the day at 76,452.93. Underperforming the overall markets, the broader indices closed the counter lower on Wednesday as well, the
Tax saving is one of the key factors when it comes to savings and investments for middle-class taxpayers and senior citizens. As regards senior citizens, they aim for financial security by investing their money primarily in non-market-linked products, which give them a sense of safety in times of volatile stock markets. Another key aspect of
