In FY25, revenue of the South India's busiest airport, backed by Canadian billionaire Prem Watsa, grew 43 percent to Rs 3,732 crore
In today's market highlights, Hindustan Construction Company successfully raised ₹600 crore through a Qualified Institutional Placement (QIP), attracting prominent investors like Citigroup and Societe Generale. Amara Raja Energy & Mobility will supply AMARON AGM batteries to Hyundai Motor India for its domestic product lineup under an existing procurement agreement. Exide Industries' subsidiary, Exide Energy Solutions, has partnered with Hyundai Motor India for the production and supply of EV battery cells. Meanwhile, InterGlobe Aviation's board has approved a $43 million loan to its subsidiary, InterGlobe Aviation Financial Services IFSC. Zodiac Energy secured its first international rooftop solar order worth $720,626 for a 2 MWp system in Zambia. Additionally, Bharti Airtel prepaid ₹3,626 crore to clear its 2016 spectrum liabilities, contributing to a total prepayment of ₹28,320 crore in spectrum dues for 2024. Stay tuned for all the top updates impacting these stocks today!
Thanks to capacity addition and competition, while air traffic is likely to climb in the coming months, load factors aren’t expected to rise significantly.
Xiaomi's revenue from operations declined by about 32 per cent to Rs 26,697 crore in FY23 from about Rs 39,100 crore in FY22.
Pooja Entertainment, led by Vashu Bhagnani and Jackky Bhagnani, is currently facing significant financial challenges. According to a recent report, the company's profit for the fiscal year 2023-24 stands at Rs 8 crore.
Union Minister VK Singh, in a written response in Rajya Sabha on December 4, said that only three out of the 14 airports under the Public-Private Partnership (PPP) mode were in profit during 2022-2023
The Mumbai-based firm raised Rs 1,900 crore via a maiden public issue that comprised only an offer-for-sale (OFS) by the promoters. Strong subscription numbers and upbeat market momentum helped Cello World list at 28 percent premium to its issue price on November 6. Moneycontrol’s Nickey Mirchandani (@onlynickey) in discussion with Pradeep Rathod Chairman & MD, Cello World.
The S&P 500 Index closed in the red Thursday, blowing its widely-hyped chance at a nine-day winning streak, which would have been its best run since 2004. But the run shouldn't have mattered in an otherwise anemic stock market fueled by trends in bonds, not expectations about profits. Fittingly, a lousy 30-year bond auction spoiled it
The revenue of Airtel Payments Bank grew 39 per cent on a year-on-year basis to Rs 427 crore during the reported quarter. The bank's Monthly Transacting Users (MTUs) grew to Rs 5.8 crore, giving a boost to customer deposits, which grew 52 per cent year-on-year to Rs 2,060 crore, Airtel Payments Bank said in a statement.
Its consolidated net profit was Rs 445.44 crore in the quarter ended on September 30, 2022, according to a regulatory filing.
India’s largest carrier reported a quarterly profit of 1.88 billion Indian rupees ($22.59 million), compared to a loss of 15.85 billion rupees.
The company had posted a net profit of Rs 490.86 crore in the July-September quarter a year ago, according to a regulatory filing.
It had reported a net profit of Rs 95.39 crore for the July-September quarter a year ago, according to a regulatory filing by LT Foods Ltd, which owns basmati rice brands -- Daawat and Royal.
Total income in the second quarter of the current fiscal rose to Rs 8,786 crore from Rs 6,531 crore in the same period a year ago, IDFC First Bank said in a regulatory filing.
The company had logged a net profit of Rs 311.07 crore in July-September period a year ago, according to a regulatory filing by Pfizer.
Its net profit stood at Rs 318.62 crore in the year-ago period.
The company had posted a consolidated profit of Rs 2,680 crore in the year-ago period, HZL said in a filing to the BSE.
Total income increased to Rs 1,919.52 crore in the July-September period of 2023-24 fiscal as against Rs 1,750.79 crore in the corresponding period of the previous year, according to a regulatory filing.
Its total consolidated income increased to Rs 13,382 crore during the July-September period against Rs 9,974 crore a year earlier, BFL said in a regulatory filing.
The company posted its first-ever profit after tax of Rs 3 crore in the June 2024 quarter and a revenue of Rs 177 crore.
According to the report, operating profitability will fall second year in a row, shedding 100 basis points to five per cent, primarily due to lower realisation.
The $1.4 trillion fund’s holdings in tech companies witnessed a jump of nearly 39 percent in the period with Apple, Microsoft and Nvidia contributing the most to drive the fun’s 10 percent overall return.
Dividend payout stood at 44.6 percent or slightly less than 50 percent of the profits distributed by these companies to their shareholders.
The earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the quarter at Rs 6,109 crore declined 29.2 percent on-year from Rs 8,640 crore.
Revenue from the electro-mechanical projects and commercial air conditioning systems segment grew 19.12 per cent to Rs 949.12 crore in the latest June quarter.