Electrical Manufacturers

The company's consolidated net profit rose to Rs 60.22 crore ($6.96 million) for the three-month period ended Dec. 31 from Rs 58.24 crore a year earlier

Revenue jumped 12.5 per cent to Rs 1,810 crore, while expenses grew to Rs 1,757 crore from Rs 1,520 crore, as raw material cost rose around 7 per cent

The market grew 11% year-on-year in second half of CY23, compensating for the sharp 10% decline in the first half

It turned out that some manufacturers were importing ready-to-use parts, mainly from China, and thus had little control over the quality of their end products

The company plans to raise up to Rs 1,964 crore from its maiden share sale in the price band of Rs 983 - Rs 1,035. Offer closes on Friday.

At present, the company is the 20th largest commercial vehicle manufacturer in the world

The initial public offering of IKIO Lighting was subscribed to 66.3 times

Strong debut follows huge response to IPO, which was oversubscribed nearly 70 times

Of late, prices of metals, such as copper, steel, and aluminium, and crude oil have come off by up to 15 per cent from their October peaks

The gap between ordering a chip and taking delivery increased to 17 weeks in April, according to one research.

The company said the lockdown affected its sales to the extent of Rs 18 crore in March

Analysts expect profits to reach FY19 levels only next fiscal

Under the aegis of Indian Electrical and Electronics Manufacturers' Association (IEEMA), a committee of sector experts would select energy start-ups for handholding and angel funding