Bajaj Auto Ltd. registered a healthy 31% year-on-year increase in overall vehicular sales for November 2023, one of the country’s leading two and three-wheeler manufacturers stated today. The performance was led by the whopping 77% jump in domestic sales. According to the regulatory report submitted by the Pune-based company, Bajaj Auto clocked total sales of […]
As Indian IT services company Persistent Systems embarks on an ambitious growth strategy, it has brought on four new seasoned executives to strengthen its leadership team. Persistent has just added several industry veterans. Ayon Banerjee joined as Chief Strategy and Growth Officer from Boston Consulting Group, where he advised IT services companies on accelerating growth […]
Alexander Gerding, Managing Director of industrial chemicals manufacturer BASF India, struck an optimistic tone about the company’s long-term growth prospects in the country, despite the challenging global environment. Speaking during the Q2 FY2023 earnings conference call, Gerding highlighted several positive factors that make him confident about BASF India’s future. “I always say it’s not a […]
Pharmaceutical company Wockhardt recently announced its financial results for the second quarter and first half of fiscal year 2023, ending September 30th, 2023. The results show strong revenue growth of 11% in Q2 and first half of FY2023, driven by Wockhardt’s international businesses in the UK, emerging markets, and Ireland. Q2 FY2023 Revenue Up 11% […]
Leading stainless steel manufacturer Jindal Stainless Limited (JSL) has received a credit rating upgrade from CRISIL Ratings. The company’s long-term bank facilities and debt programme rating has been revised upwards from CRISIL AA-/Positive to CRISIL AA/Stable. Meanwhile, the short-term bank facilities rating has been reaffirmed at CRISIL A1+. This rating action factors in Jindal Stainless’ […]
Keystone Realtors Limited, a leading real estate developer in Mumbai, said it acquired a 16,152 sqm plot of land in Dahisar (East) for Rs 218.5 crores, one of its biggest purchases of land. The plot was purchased from Haren Textiles Private Limited and Harit Synthetic Fabrics Private Limited. According to the company, the land has […]
Mumbai-based Vakrangee Limited, a technology-driven company focused on building India’s largest network of last-mile retail outlets, announced a sharp increase in its profits for the second quarter ended September 30, 2023. The company’s profit after tax jumped 210.55% to Rs. 42.39 lakhs compared to the same quarter last year. EBITDA also rose 40.80% to Rs. […]
Wonderla Holidays Limited, India’s largest amusement park operator, has reported strong growth in revenue and footfalls for the second quarter ended September 30, 2023, indicating a recovery after COVID-19 disruptions. The company’s gross revenue grew 17% year-on-year to Rs 81.41 crore in Q2 FY2024, compared to Rs 69.73 crore in Q2 FY2023. Footfalls increased 6% […]
Mumbai-based FMCG company Jyothy Labs Limited announced robust results for the second quarter ended September 30, 2023. The company reported an 11.1% increase in net sales to Rs 732 crores compared to the same period last year. Net profit jumped 59.1% to Rs 104 crores versus Rs 65.4 crores in Q2 FY2023. The growth was […]
United Spirits Limited, India’s largest spirits company, has moved the Madhya Pradesh High Court against a Value Added Tax (VAT) demand of Rs 7 crore for financial year 2020-21. In a regulatory filing, United Spirits said it has filed a writ petition in the Jabalpur bench of the High Court challenging the demand raised by […]
Bengaluru-based business services provider Quess Corp reported robust top-line growth along with significant improvements in profitability. Quess Corp’s total revenue for Q2 FY2024 stood at Rs 4,748 crores, up 11% year-on-year. Profit after tax jumped 79% to Rs 71 crores compared to Rs 40 crores in Q2 FY2023. The company’s headcount increased to 547,000 in […]
Pune-based real estate developer Kolte-Patil Developers Ltd (KPDL) has reported strong operational and financial performance in the second quarter of FY 2023-24 (Q2 FY24), with healthy growth in new sales, collections and revenues compared to the same period last year. In its earnings release, KPDL said it achieved new sales of 0.98 million square feet […]
Titan Company Limited, India’s leading consumer lifestyle company and part of the Tata Group, today reported strong second quarter results for the period ended September 30, 2023. The company’s total standalone income grew 21% year-on-year to Rs 10,027 crore in Q2 FY2023-24. Profit before tax (PBT) rose 9% to Rs 1,261 crore from Rs 1,155 […]
Maruti Suzuki India Limited sold a total of 199,217 units in October 2023, registering its highest ever monthly sales, as per a company statement released today. The auto major had sold 167,520 units in October last year. Maruti’s domestic passenger vehicle sales stood at 168,047 units in October 2023, also an all-time high and up […]
Mahindra Finance has signed a strategic co-lending agreement with the State Bank of India (SBI) to provide affordable credit solutions, especially in rural and semi-urban areas. Under the co-lending model, Mahindra Finance will originate and process loans as per the co-lending guidelines. SBI will provide funding of up to 80% of the loan amount, while […]
Leading telecom operator Bharti Airtel today reported its financial results for the second quarter ended September 30, 2023. The company posted healthy growth in revenues, profits and key operating metrics during the quarter. Bharti Airtel reported consolidated revenues of Rs 37,044 crore for Q2 FY2024, up 7.3% from Rs 34,527 crore in the same quarter […]
Marico Limited, one of India’s leading consumer goods companies, announced its results for the second quarter ended September 30, 2023. The company delivered a fairly resilient performance despite mixed demand trends and a challenging macro environment. Consolidated Revenue from Operations stood at ₹2,476 crore, registering a marginal decline of 1% year-on-year. This was led by […]
Mumbai-based Supreme Industries Limited, one of India’s leading manufacturers of plastic products, has reported robust growth in the second quarter of fiscal 2023-24. According to the company’s press release, Supreme Industries registered a 23% increase in plastic goods sold during Q2 FY24 to 137,763 MT, compared to 111,803 MT in Q2 FY23. Total income grew […]
Mumbai-based real estate developer Mahindra Lifespace Developers Ltd (MLDL) announced a mixed set of results for the second quarter of fiscal year 2023 on October 27th. The company reported consolidated total income of Rs 25.7 crore, down 65% from Rs 73.8 crore in Q2 FY2022 and 76% lower than Rs 110.1 crore in Q1 FY2023. […]
Dr. Reddy’s Laboratories Ltd (DRL) announced a decent set of numbers for the second quarter of fiscal year 2024, reflecting continued growth momentum for the Indian pharma major and improved numbers from the US. DRL reported total revenues of Rs 68,802 million in Q2 FY24, a growth of 9% over the same quarter last year. […]
