Murugappan Group

The Murugappa Group has reported a 15.2 per cent jump in its profit after tax for the year ending March 31, 2024 at Rs 7,885 crore. The city-based diversified conglomerate had reported a profit after tax of Rs 6,846 crore during the corresponding period of last year. The group turnover for the year ending March 31, 2024 rose to 4.9 per cent to Rs 77,881 crore, as compared to Rs 74,220 crore registered year ago. The Earnings before Interest, Taxes, Depreciation and Amortisation grew by 10.8 per cent, to Rs 11,554 crore from Rs 10,426 crore registered in the same period of previous year. In a statement on Monday, the company said the Return on Equity of the financial services business improved marginally to 19.2 per cent in the current year from 19 per cent in previous year. Return on Capital Employed of the manufacturing entities declined to 21. 3 per cent in the current year from 27.9 per cent recorded in previous year. The manufacturing entities of the Group generated a free cas

Gear manufacturer Shanthi Gears Ltd has recorded a profit after tax of Rs 21.66 crore for the April-June 2024 quarter, the company said. The Tamil Nadu-based Murugappa Group company had registered a profit after tax of Rs 18.12 crore in the corresponding quarter, last year. For the year ending March 31, 2024 the profit after tax was Rs 82.25 crore. Total income during the quarter under review grew to Rs 142.21 crore from Rs 125.44 crore in the same period last year. For the year ending March 31, 2024 the total income was Rs 557.11 crore. In a statement, the company said it continues to focus on revenue, profitability, return on invested capital and free cash flow. Revenue during the quarter grew by 14 per cent to Rs 138.8 crore, while the profit before tax (PBT) for the quarter rose to Rs 29 crore, up by 20 per cent over Rs 24.1 crore in the same period last year. The company achieved a Return on average Invested Capital (ROIC) of 52 per cent during the April-June quarter and th

Cholamandalam MS General Insurance Company Ltd has reported a Gross Written Premium of Rs 1,945 crore for the April-June 2024 quarter, the company said on Sunday. Cholamandalam MS General Insurance Company Ltd is a joint venture between diversified conglomerate Murugappa Group and Tokyo-based Mitsui Sumitomo Insurance Group. The company achieved a GWP of Rs 1,945 crore in Q1 of the current financial year, a growth of 14.3 per cent compared to the industry average of 12.4 per cent. The city-based company, in a release issued today, reported a profit before tax (PBT) of Rs 179 crore, compared to Rs 89 crore recorded in the same period last year. During the quarter under review, Chola MS settled 1.3 lakh claims through its network. The company said it has made investments in Data Analytics and Artificial Intelligence for claims made in the motor insurance sector through its SAHAI mobile application in an attempt at enhancing its operations. Commenting on the financial performance, .

The Board of Cholamandalam Investment and Finance Company has announced the elevation of Ravindra Kumar Kundu as its Managing Director. His term of appointment would be for a period of five years with effect from October 7. Kundu currently serves Cholamandalam Investment and Finance Company as its Executive Director. Under his leadership, the company in a statement said, the Assets Under Management (AUM) grew to Rs 1,53,000 crore in FY'24 from Rs 67,000 crore in FY'20. Cholamandalam Investment and Finance Company Ltd is the financial services division of the diversified conglomerate the Murugappa Group. Kundu has been with Cholamandalam Investment and Finance Company for 24 years, has an overall experience of 36 years in automobile and financial services industry. For the April-June 2024 quarter, the company reported a profit after tax of Rs 942 crore, up by 29.7 per cent from Rs 726 crore registered in the year ago period. The total income during the quarter under review grew t

CG Power stock up date: CG Power hit a new high of Rs 669.05, as they rallied 6% on the BSE in Friday's intra-day trade and saw its market capitalisation touch Rs 1.02 trillion mark.

Tube Investments of India Ltd has reported a standalone profit after tax for the January-March 2024 quarter at Rs 247.88 crore, the company said on Tuesday. The city-based company, part of the diversified conglomerate Murugappa Group, had registered a standalone profit after tax at Rs 250.71 crore during the corresponding quarter of last year. For the financial year ending March 31, 2024 the standalone PAT surged to Rs 734.51 crore, from Rs 665.20 crore registered in the same period of last year. The total income, on a standalone basis, during the quarter under review grew to Rs 2,107.57 crore, from Rs 1,835.02 crore registered in the same quarter of last year. For the financial year ending March 31, 2024 the standalone total income grew to Rs 7,826.98 crore, from Rs 7,451.17 crore registered year ago. The Board of Directors have declared an interim dividend of Rs 2 per share in February 2024 and it was paid to shareholders in March 2024. The Board has now recommended a final divid

TICMPL focuses on creating electric vehicle (EV) native commercial vehicle platforms across three-wheelers, tractors, and small and heavy commercial vehicles

Company expects healthy growth in its key business of vehicle loans and new initiatives in lending to consumer and small enterprises

This electric vehicle expansion by the ₹74,200 crore conglomerate, the makers of iconic BSA and Hercules cycles, comes months after it entered into the segment

It would also provide investors an opportunity to bet on a sector that's added trillions of dollars in stock values globally this year, but has been largely absent from India's $3.7 trn equity market

Murugappa Group firm says government's 'One Nation, One Fertiliser' scheme has no impact on its business

Agriculture solutions company will get into speciality and industrial chemicals

The acquisition would be by subscribing to 10,753 equity shares for a total consideration of Rs 6.15 crore

Eldest daughter of former Murugappa Group exec chairman M V Murugappan was the one who had taken family members to NCLT

On September 06, TI Clean Mobility (TCM), a subsidiary of Tube Investments of India, launched it electric vehicle - Montra Electric 3W Auto in Chennai.

CUMI will get land, building, plant and machinery, fixed assets, leased assets, brands and trademarks with the deal.

Consolidated sugar operations, including refinery business, reported a loss before interest and tax of Rs 28 crore during the quarter

The shares will be alloted on a preferential/ private placement basis to non-promoter entities

The shares will be alloted on a preferential/ private placement basis to non-promoter entities

Vellayan Subbiah to take over as chairman of Cholamandalam Investment