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21 Nov

Apple India’s net profit increase 23 percent to Rs 2,746 crore in FY24, revenue grew to Rs 67,152 crore.

Priyanka RoyBusiness, News

The company's total income grew 36 percent to Rs 67,121.6 crore in FY24.iPhone maker Apple India has reported a 23 per cent rise in net profit to Rs 2,745.7 crore in FY2023-24.This information has been given in the company's regulatory filing shared by Tofler.Apple India had reported a net profit of Rs 2,229.6 crore in FY23. The company reported a 36 per cent rise in total income in FY24, rising to Rs 67,121.6 crore from Rs 49,321.8 crore in FY23.Toffler said, "Apple India Private Limited, which provides and markets Apple brand products and software, including mobile devices and laptops, reported…

20 Nov

Gold futures jump by Rs 335 to Rs 75,382 per 10 grams

Priyanka RoyMarket, News

New Delhi, Nov 19 (PTI) Gold futures rose by Rs 335 to Rs 75,382 per 10 grams on Tuesday as speculators created deals amid strong spot demand. Gold contracts for December delivery inflation by Rs 335, or 0.45 percent, to Rs 75,382 per 10 grams on the Multi Commodity Exchange, with a turnover of 9,398 lots. Analysts said fresh deals by participants led to the rise in gold prices. Globally, gold futures rose 0.44 percent to $2,623.35 an ounce in New York.

19 Nov

Shilpa Medicare shares increase 6 per cent on CEP approval from EDQM

Priyanka RoyBusiness, News

Shilpa Medicare shares rose over 6 per cent in early trade on November 19, after it announced that its subsidiary Shilpa Pharma Lifesciences has received two Certificates of Suitability (CEPs) from the European Directorate for Medicines and Healthcare Quality (EDQM).At 1.15 pm, Shilpa Medicare shares were trading over 3 per cent higher at Rs 892. The stock has rallied a massive 180 per cent on a year-to-date basis, outperforming the Nifty 50 by a huge margin, which gained 9 per cent during the same time period.The first CEP received on November 18 was for Octreotide The second CEP approval received…

18 Nov

Crompton Greaves shares increase 7% on the back of a stellar second quarter performance

Priyanka RoyBusiness, News

Shares of Crompton Greaves Consumer Electrical rose 7 per cent after the company reported a rise in its consolidated net profit and revenue for the quarter ended September. At 1.40 pm, Crompton Greaves shares were trading 4 per cent higher at Rs 385. The stock has gained 23 per cent on a year-to-date basis, outperforming the Nifty 50, which rose 8 per cent during the same time frame. The company reported a 27.8 per cent rise in consolidated net profit to Rs 124.9 crore, while revenue from operations rose 6.4 per cent to Rs 1,896 crore. Segment-wise, revenue from electric…

16 Nov

Narmada Agrobase Q2 results: Company reports jump in net profit on lower expenses

Priyanka RoyBusiness, News

Narmada Agrobase Ltd has reported a manifold jump in net profit to Rs 1.29 crore in the July-September quarter on lower expenses. Revenue from operations for the second quarter of 2024-25 stood at Rs 10.24 crore as against Rs 11.40 crore in the previous year, the company said in a statement. Expenses declined to Rs 8.51 crore in the second quarter of FY25 from Rs 11.24 crore in the year-ago period. Operating profit or earnings before interest and tax depreciation amortisation increased to Rs 2.06 crore due to lower inventory and raw material costs. The company remains optimistic about its…

15 Nov

Jio Financial Services shares growth 7 on inclusion in F&O contract

Priyanka RoyBusiness, News

Shares of Jio Financial Services rose 7 to an intraday high of Rs 320.50 after NSE included the company in F&O contract.NSE released that futures and options contracts on 45 stocks, including Jio Financial Services, will start trading from November 29.In a indirect, NSE said, “ Members are advised to note that predicated on the stock selection criteria laid down by SEBI vide indirect no. SEBI/ HO/ MRD/ MRD- POD- 2/ P/ CIR/ 2024/116 dated August 30, 2024 and upon receipt of approbation from SEBI, members are hereby notified that futures and options contracts on the following 45 fresh securities…

14 Nov

HAL Q2 net profit upgrade by 22 percent to Rs 1,510 crore, shares appreciate by more than 2 percent

Priyanka RoyBusiness, News

The HAL Q2 Results saw a marginal PBT growth close to 8 percent.On November 2030, Hindustan Aeronautics Limited published an announcement alleging a consolidated net profit of close to Rs 1510.49 crores that compounded year on year by 22.14%. It was lesser the PBT of Rs 1236.67 crores registered by the company in the July September quarter of the year beginning the fiscal year March 2024, the document mentions.Revenue for the second quarter reached Rs 5976.3 crores growing 7 percent from Rs 5635.4 crores for July- September quarters a year ago. There as a growth exhibited for earnings before interest…

13 Nov

Coal imports gain 2.2% in April-August: India aims to achieve self-sufficiency

Priyanka RoyBusiness, News

New Delhi, Nov 12 (PTI) Coal imports rose 2.2 percent to 111.20 million tonnes in the April-August period of the current fiscal as against 108.81 million tonnes in the same period a year ago, an official release said on Tuesday. However, the non-regulated sector witnessed a decline of 10.3 per cent during the April-August period as compared to the same period last year, the Coal Ministry said in the release. In value terms, the total imported coal during April-August 2024-25 was worth Rs 120,532.21 crore. Despite a 4.97 percent increase in coal-based power generation from April to September 2024 over…

12 Nov

India’s Zydus Life reports increase in second-quarter profit on steady U.S. demand

Priyanka RoyBusiness, News

Nov 12 (Reuters) - Indian drugmaker Zydus Lifesciences (ZYDU.NS), opens new tabon Tuesday reported a 14% rose in second-quarter profit, helped by strong demand for generic drugs in its key United States and Indian markets.The company's consolidated net profit rose to 9.11 billion rupees ($107.93 million), in line with analysts' average estimate of 9.13 billion rupees, according to data compiled by LSEG.Its total revenue rose 20% to 52.37 billion rupees, boosted by a nearly 30% rise in its U.S. market and a 10% inflation in its India business. These two markets contribute about 85% of Zydus Life's total revenue.For more…

11 Nov

Tata Motors shares increase 3% as brokerage firms remain bullish despite a slowdown in the second quarter

Priyanka RoyBusiness, News

India's largest electric vehicle manufacturer Tata Motors has made a strong debut in the stock markets. The company's shares rose 3 percent to Rs 829. Although the company's shares remained weak in the second quarter, it was completely below experts' estimates. The company's net profit fell 11 percent to Rs 3,343 crore compared to the same quarter last year. This was due to weak performance in the Jaguar Land Rover (JLR) unit and the commercial vehicle segment. Apart from this, Tata Motors made a cautious comment. The statement said, "We are cautious about domestic demand in the near future." However,…