Jubilant FoodWorks shares surged nearly 9% on Friday and hit their day’s high of Rs 622.95 on the NSE after the Domino’s pizza owner served piping hot September quarter earnings to investors, recording a 190% year-on-year jump. The profit after tax (PAT) in Q2 stood at Rs 186 crore versus Rs 64 crore reported in … Read more
India’s hospital sector continues to deliver robust growth, supported by sustained demand, capacity expansion, and operational efficiencies. Over the past five years, the sector has clocked a healthy revenue CAGR of 16.5% and EBITDA CAGR of 26%, reflecting resilience and improving fundamentals. In 1QFY26, revenue rose 16% YoY, driven by higher patient volumes and realizations … Read more
Novelis Inc, the wholly-owned subsidiary of Hindalco Industries, has reported a 36% year-on-year fall in its net income for the June quarter at $96 million. Excluding special items, the bottomline was 43% lower compared to the previous year at $116 million. The US-based aluminium-maker’s net sales were 13% higher compared to the previous year at … Read more
Driven by a “higher-for-longer” upcycle in the luxury hospitality segment, global brokerage firm Morgan Stanley initiated coverage on Schloss Bangalore, the company that owns and operates luxury hotels under the ‘The Leela’ brand, with an ‘Overweight’ rating and a target price of Rs 549. The target implies an upside potential of 35% from the stock’s … Read more
JSW Steel implemented the resolution plan for Bhushan Steel and Power Ltd “in full compliance” and the company is now evaluating all options to reach a legal remedy, including review of the Supreme Court order. On May 2, the Supreme Court rejected the resolution plan submitted by JSW Steel, holding it illegal and in violation … Read more
Adani Energy Solutions Ltd (AESL), the electricity transmission arm of the Adani Group, on Thursday reported an 87 per cent rise in March quarter profit to Rs 714 crore, aided by a one-time exceptional income. It had posted a net profit of Rs 381.29 crore in the January-March period of preceding 2023-24 financial year, the … Read more
Leading adhesives and construction chemicals maker Pidilite Industries on Wednesday reported consolidated net profit of Rs 557 crore for the October-December quarter, a 9% increase over the same quarter last year, the company said in a filing to the exchange. Revenue from operations for the third quarter stood at Rs 3,368.91 crore, up about 8% … Read more
There is no dearth of demand for C2C Advanced Systems IPO despite being in troubled waters following a Sebi directive that delayed its listing of shares. The issue, which closed for subscription today, was subscribed by a whopping 116 times. The IPO received bids for 36.56 crore shares as against 31 lakh shares on offer. … Read more
Glenmark Pharma reported Rs 340 crore net profit in Q2FY25 led by robust sales growth in India and Europe. The drugmaker reported a net loss of Rs 180 crore in the corresponding quarter of the previous year. Revenue rose 7% YoY to Rs 3,434 crore in Q2FY25. EBITDA grew 30.2% YoY to Rs 602 crore, … Read more
Shares of Apollo Hospitals surged 6% to their all-time high of Rs 7,396.30 on the BSE after the company reported a 63% year-on-year (YoY) jump in net profit to Rs 379 crore in Q2FY25, led by its hospital business.The company reported a net profit of Rs 233 crore in the corresponding quarter of the previous … Read more