In a remarkable demonstration of growth and resilience, Tata Power, a major player in India’s energy sector, has reported its highest-ever quarterly profit of ₹1,533 crore for Q2FY25, marking a 51% year-on-year increase. The company also achieved an EBITDA of ₹3,808 crore, a 23% YoY growth, propelled by expanded solar manufacturing and favourable regulatory conditions. […]
Unicommerce eSolutions Limited has posted a remarkable 21% increase in Profit After Tax (PAT) year-on-year for Q2FY25, reaching INR 44.7 million, while reporting a 13% revenue growth to INR 293.1 million. This performance, announced on October 28, 2024, also marks an impressive 33.5% jump in adjusted EBITDA, reflecting the company’s strategic focus on client expansion, […]
Timex Group India Limited has announced its most successful quarter to date, reporting a remarkable 37% increase in revenue for the second quarter of FY 2024-25. The company, part of the globally recognized American watchmaking giant Timex Group, achieved a record quarterly revenue of ₹172 crores, driven by its strategic expansion across premium and luxury […]
Mankind Pharma Limited has announced the completion of its acquisition of Bharat Serums and Vaccines Limited (BSV) for a massive INR 13,768 Crore. This strategic acquisition, finalized on October 23, 2024, is set to bolster Mankind’s presence in the women’s health and fertility market, positioning it as a leader in the sector. The acquisition, undertaken […]
Mahindra Logistics Limited (MLL), a key player in India’s integrated logistics and mobility solutions sector, has reported an 11.5% year-on-year revenue increase for the second quarter of FY25, reaching ₹1,521 crores, as disclosed in its latest financial results. Despite ongoing challenges, the company achieved a reduction in losses, signalling the effectiveness of its strategic investments […]
India’s largest commodity derivatives exchange, Multi Commodity Exchange of India Ltd (MCX), reported an impressive 73% year-on-year increase in its operational revenue for the second quarter of FY24-25, reaching ₹285.58 crore. This sharp rise in revenue highlights MCX’s growing market dominance, bolstered by a consistent rise in trading volumes, especially in the options segment. For […]
HDFC Bank Limited announced its unaudited financial results for Q2 FY25, showcasing a 6% year-on-year increase in net profit to ₹16,820.97 crore. This result reflects the bank’s steady growth trajectory, despite a marginal rise in its gross non-performing assets (GNPAs), which now stand at 1.36%. The net NPA ratio, however, remains stable at 0.41%. Key […]
UCO Bank has announced its financial results for the second quarter of FY 2024-25, revealing a substantial increase in its profitability. The state-owned lender posted a net profit of ₹603 crore for the quarter ending 30 September 2024, marking a 50% year-on-year growth from ₹402 crore reported in the same period last year. The operating […]
L&T Finance Ltd. (LTF), a leading Non-Banking Financial Company (NBFC) in India, has reported a significant growth in its profit after tax (PAT) for the second quarter ending September 30, 2024. The company’s PAT reached ₹696 crore, reflecting a 17% year-on-year increase from ₹595 crore in Q2 FY24. This growth comes despite sectoral headwinds and […]
Zydus Lifesciences Limited has secured final approval from the United States Food and Drug Administration (USFDA) to produce Fludrocortisone Acetate Tablets USP, 0.1 mg, according to a press release on 17 October 2024. The company is set to manufacture the drug at its state-of-the-art facility in Moraiya, Ahmedabad, India. This development further strengthens Zydus’ foothold […]