Power Grid Corporation of India Ltd (Powergrid) on Monday posted over a 5 per cent decline in consolidated net profit to Rs 3,597.16 crore due to increased finance costs. It had reported a net profit of Rs 3,801.29 crore during the April-June period of the preceding 2022-23 fiscal, the company said in a… Continue reading Powergrid Q1 profit falls 5% to Rs 3,597 cr on subdued transmission demand
Tag: demand
Services, retail demand keeps credit offtake robust in June: RBI data
The pace of credit offtake continued to be robust in June 2023, with sectors clocking year-on year (YoY) growth of between 8.1 per cent and 26.7 per cent. Reserve Bank of India (RBI) data showed the services sector clocked a pace of 26.7 per cent in June against 12.8 per cent a year… Continue reading Services, retail demand keeps credit offtake robust in June: RBI data
Mix of weak demand, low realisations
The weak April-June quarter (first quarter, or Q1) results of the largest listed specialty chemical maker, SRF, and multiple global headwinds for the sector are expected to weigh on the prospects of Indian specialty chemical companies in 2023-24 (FY24). Stocks in the sector (down 7–18 per cent) have underperformed the benchmarks (up over 10… Continue reading Mix of weak demand, low realisations