Vedanta Limited has announced plans to offload a 2.6% stake in its subsidiary, Hindustan Zinc, through an Offer For Sale (OFS). This move comes after Hindustan Zinc reported its first profit growth in six quarters. The company has reported a 19.4% year-on-year increase in net profit for the April-June quarter. […]
Net Profit
Hero MotoCorp has announced its financial results for the first quarter of the fiscal year 2025. Here are the key points: Financial Performance: Net Profit: Increased by 36% to Rs 1,122.63 crore compared to the previous year’s Rs 824.72 crore. Revenue: Surged by 16% to Rs 10,144 crore, surpassing the […]
Bharti Airtel A Strong Performance: Bharti Airtel reported a net profit of ₹4,160 crore for Q1 FY25, marking a 158% increase. Revenue rose 3% to ₹38,506 crore, slightly below forecasts. Despite the strong earnings, shares closed 1.66% lower at ₹1,469 on the NSE. The company’s India business revenue grew by […]
Tamilnad Mercantile Bank (TMB) has reported a 10% rise in its net profit at ₹287 crore for the quarter ending June 2024, compared to ₹261 crore in the corresponding quarter of the previous year. This growth is driven by an increase in both interest income and non-interest income, despite higher […]
dani Ports and Special Economic Zones reported a strong start to the fiscal year with a 47% year-on-year increase in consolidated net profit to Rs 3,113 crore for the April-June quarter. The port operator also saw a notable increase in its revenue from operations, which stood at Rs 6,956 crore […]
Net Profit Rises 51% to Rs 960 Crore, Misses Estimates; Recovery in Netherlands Offset by India and UK Challenges. Net Profit: Increased by 51% to Rs 960 crore compared to the previous year. Market Expectations:The profit figure fell short of analysts’ estimates. Regional Performance: Netherlands: Showed signs of recovery. India […]