Britannia Industries’ net profit in the April-June quarter of FY24 increased 35.6 per cent to Rs 457.6 crore as its profit before interest, depreciation, and tax (PBIDT) went up 34.1 per cent. The Nusli Wadia group firm’s net sales in the quarter increased 8.6 per cent to Rs 3,969.8 crore. The maker… Continue reading Britannia Industries’ net profit up 35.6% as margins expanded in Q1
Tag: Industries
JK Tyre & Industries Q1 PAT jumps four-fold to Rs 153.87 cr, revenue up 2%
JK Tyre & Industries reported a four-fold surge year-on-year (y-o-y) in its consolidated net profit to Rs 153.87 crore in Q1FY24, bolstered by improved operational efficiencies and a consistent sequential rise in top line. Additionally, an exceptional item of Rs 34.5 crore in Q1FY23 contributed to the profit increase. The company’s revenue witnessed a… Continue reading JK Tyre & Industries Q1 PAT jumps four-fold to Rs 153.87 cr, revenue up 2%
Reliance Industries’ annual general meeting of shareholders on Aug 28
Last month, Reliance demerged JFS, which was valued at around $20 billion after its stock price was set at a much higher than expected 261.85 rupees ($3.19) BENGALURU (Reuters) -India’s Reliance Industries on Friday said it would hold its much-anticipated annual general meeting of shareholders on Aug. 28, where it is expected to give… Continue reading Reliance Industries’ annual general meeting of shareholders on Aug 28
JK Tyre & Industries Q1 profit rises over 4-fold to Rs 159 cr
Revenue from operations was at Rs 3,718.08 crore as compared to Rs 3,643.03 crore in the year-ago quarter, it added. JK Tyre & Industries on Friday reported an over four-fold rise in consolidated net profit at Rs 158.59 crore for the first quarter ended June 30, 2023. The company had posted a consolidated… Continue reading JK Tyre & Industries Q1 profit rises over 4-fold to Rs 159 cr
Ambuja Cements to acquire Sanghi Industries in Rs 5,000 crore deal
Ambuja Cements to buy 56.7% stake in Sanghi at a valuation of Rs 5,000 cr Adani group-company Ambuja Cement to buy Sanghi Cement for Rs 6,000 cr Ambuja-ACC and JK Lakshmi Cement lead race for Sanghi Cement acquisition Ambuja Cements Q1FY24 profit up 31% YoY to Rs 1,135 crore, margins expand Adani Green Energy to… Continue reading Ambuja Cements to acquire Sanghi Industries in Rs 5,000 crore deal
Aeroflex Industries gets Sebi’s clearance to raise money through IPO
Stainless steel flexible hose manufacturer Aeroflex Industries Ltd has received capital markets regulator Sebi’s go ahead to raise funds through an initial share-sale. The initial public offering (IPO) consists of a fresh issue of equity shares worth up to Rs 160 crore and an offer-for-sale (OFS) of up to 1.75 crore equity shares… Continue reading Aeroflex Industries gets Sebi’s clearance to raise money through IPO
Ambuja Cements to acquire majority stake in Sanghi Industries: Reports
India’s Ambuja Cements has reached a deal to acquire a majority stake in operations of Sanghi Industries, two sources with direct knowledge said, a transaction that will add heft to cement operations of billionaire Gautam Adani’s firm. The deal by Ambuja is likely to be announced as soon as Wednesday, the sources said,… Continue reading Ambuja Cements to acquire majority stake in Sanghi Industries: Reports
Exide Industries rallies 7%, inches to record high on improved Q1 earnings
Shares of Exide Industries hit an over four-year high at Rs 266.50, as they rallied 7 per cent on the BSE in Tuesday’s intra-day trade amid heavy volume on improved operational performance in June quarter (Q1FY24). The stock of storage batteries and allied product companies was quoting at its highest level since January 2019. It… Continue reading Exide Industries rallies 7%, inches to record high on improved Q1 earnings
Man Industries settles forensic audit disclosure lapses case with Sebi
Man Industries (India) Ltd on Monday settled with capital markets regulator Sebi a case concerning alleged delayed and inadequate disclosure regarding the initiation of a forensic audit. The matter was settled after the company paid Rs 8.79 lakh towards the settlement amount, according to an order passed by the Securities and Exchange Board… Continue reading Man Industries settles forensic audit disclosure lapses case with Sebi
Tata Industries reports Rs 2,043 crore loss on Tata Unistore sale
Tata Industries, the unlisted subsidiary of Tata Sons, has incurred a massive loss of Rs 2,043 crore in the fiscal year ending March 2023 on the sale of its 97 stake in Tata Unistore Ltd, a retail e-commerce portal, to Tata Digital Pvt Ltd. As per company filings, Tata Industries sold Tata Unistore… Continue reading Tata Industries reports Rs 2,043 crore loss on Tata Unistore sale