The shares of Bikaji Foods International surged by 10% to day’s high of Rs 918 on BSE post the results of Q2. The revenue from operation grew by 18.5% year-on-year to Rs 7,212 million with profit of 15% YoY. EBITDA grew by 21.7% on a yearly basis to Rs 686 million. The profit after tax … Read more
Precision engineering and manufacturing company Balu Forge Industries on Monday reported a 107% year-on-year jump in its consolidated net profit for the quarter ended September 30, 2024 at Rs 48 crore which was up from Rs 23 crore reported by the company in the year ago period. The company in which ace investor Ashish Kacholia … Read more
Shares of Jio Financial Services are expected to remain in Focus on Monday following company’s Q2 earnings where the company reported a 3% uptick in its net profit to Rs 689 crore for the quarter ended September 2024, versus Rs 668 crore logged in the year-ago period. Revenue from operations in the reported quarter stood … Read more
The second quarter earnings season is underway and 44 companies will announce their numbers for the July-September 2024 period on Friday. Key results to watch out include from Jio Financial, Tata Consumer, ICICI Lombard and ZEEL. Apart from the above, Advik Capital, Best Agrolife, Duncan Engineering, Hindustan Zinc, Indostar Capital, Manba Finance, L&T Finance, Roselabs … Read more
“The key drivers have been increased in number of clients, increased per client AUM, increase in overall AUM, and increase in the relationship managers, the team size. So, all these factors have contributed to the growth which we have been able to achieve in the last quarter,” says Anand Rathi, Anand Rathi Group.What have been … Read more
Indian IT companies are expected to report a single-digit revenue growth up to 4% in the quarter that ended on September 30, 2024 with the likelihood of positive commentary for the rest of FY25, according to estimates by three brokerages. The earnings season begins on Thursday, October 10 with the announcement of results by Tata … Read more
Shares of Avenue Supermarts-operated DMart tumbled 5% to their day’s low of Rs 4,701.90 after the company reported 14% growth in its standalone revenues at Rs 14,050 crore for the second quarter and added a net of 6 stores. The total number of stores at the end of September 2024 stood at 377. The Radhakishan … Read more
Sanjay Kumar Jain, Chairman & MD, IRCTC, says IRCTC is running 48 Vande Bharat trains out of 117 prepaid trains. So, the majority of the prepaid trains earnings come from Vande Bharat train at the moment. Also, e-catering is growing very fast. The numbers are not very high at the moment, but the growth is … Read more
Tips Industries‘ net profit increased by 61% to Rs 44 crore for the quarter ended June due to robust revenue growth and efficient content investment. Operating profit was up 55% to Rs 54 crore. Revenue from operations jumped 40% to Rs 74 crore. The company’s YouTube subscriber base reached 104 million, with views increasing 29% … Read more
MK Dhanuka, MD, Dhanuka Agritech, says that in order to make the pesticide available at reasonable prices for the farmers, the government should definitely think of reducing the GST on agrochemicals from 18% to either 5% or at least up to 12% immediately. The industry tried very hard this time for GST reduction but it … Read more