Q1 Results

Solex Energy on Tuesday reported a multi-fold jump in consolidated net profit to Rs 13 crore in the April-September period of FY25, on account of higher income. It posted a net profit of Rs 0.73 crore during the six-month period ended September 2023, the company said in a regulatory filing. The company's total income jumped to Rs 274.16 crore against Rs 93.75 crore in the year-ago period. "As we look ahead, Solex remains focused on scaling up our operations and innovation to meet the growing demand for clean energy solutions across India," Chetan Shah, Chairman and Managing Director of Solex Energy, said. The company is bullish on the growing renewable energy market in India and has already announced investment plans worth USD 1 billion under its Vision 2030 strategy, he said. Solex Energy has plans to increase its module manufacturing capacity from 1.5 GW to 15 GW, which will cost around Rs 8,000 crore.

Interarch Building Products Ltd has reported a 5 per cent increase in consolidated net profit at Rs 20.3 crore for the quarter ended June. Its net profit stood at Rs 19.4 crore in the year-ago period. Net revenue rose 3 per cent to Rs 303.4 crore in April-June period of this fiscal from Rs 293.7 crore in the corresponding period of the previous year, the company said in a statement on Thursday. Arvind Nanda, Managing Director, Interarch Building Products Ltd, said the order book as at end of August 24 stands at Rs 1,350 crore. "We have successfully inaugurated our 5th state-of-the-art PEB (Pre-Engineered Building) manufacturing plant in Athivaram, Andhra Pradesh. This marks the company's 4th fully integrated unit, designed to enhance production capabilities significantly," he said. The new plant, set to increase installed capacity by 60,000 tonne per annum over two phases, will raise the company's overall installed capacity to 2 lakh tonne per annum, Nanda said. "We expect to mai

Vegas Mall in the national capital witnessed highest average daily footfall during April-June period followed by V3S East Centre Mall in east Delhi and Phoenix Marketcity in Mumbai region, according to a report. GeoIQ, a leading location AI startup, on Friday released the list of top 25 malls in India based on footfall data. It leverages aggregated, anonymised geolocation data from mobile devices and applies advanced machine learning to generate accurate footfall and other insights for any store or location across the country. Vegas Mall (Dwarka, Delhi), V3S East Centre Mall (Delhi) and Phoenix Marketcity (Greater Mumbai) were the top three shopping malls with an average daily footfall of 26,212, 24,282 and 23,000, respectively. Looking at city-specific data, the top five malls in Mumbai are Phoenix Marketcity (ranked 3rd), R City Mall (ranked 4th), Viviana Mall (ranked 5th), Seawoods Grand Central (ranked 10th), and High Street Phoenix (ranked 12th). In Delhi NCR, the top five mal

Jefferies says sector will maintain 15% CAGR till FY26

Low post-monsoon rains, which dried most of the reservoirs in several states across the country, also impacted the production of many crops

Shaving products maker Gillette India Ltd on Thursday reported a 26.4 per cent rise in profit after tax (PAT) to Rs 115.97 crore for the June quarter. The company, which follows the July-June financial year, had reported a profit of Rs 91.75 crore in the year-ago period, Gillette India Ltd (GIL) said in a BSE filing. Its revenue from operations increased 4.17 per cent to Rs 645.33 crore during the quarter under review from Rs 619.44 crore in the corresponding period a year earlier. The sales growth was "driven by a robust portfolio, strong brand fundamentals and superior retail execution", Gillette India said in an earnings statement, adding its PAT was helped by "strong sales growth in the current quarter". Gillette India's total expense was down 1.17 per cent to Rs 494.68 crore in the June quarter. Its revenue from the grooming segment was up 7 per cent to Rs 519.68 crore. Meanwhile, oral care was down 6.28 per cent to Rs 125.65 crore in the April-June period. The total income

Square Yards, which is mainly into housing and home loan brokerage business, has reported 66 per cent increase in gross profit at Rs 25 crore for June quarter FY25 on higher income. Its gross profit stood at Rs 15 crore in the year-ago period. Total revenue rose 52 per cent to Rs 261 crore as against Rs 172 crore in the year-ago period. Out of the total revenue, the turnover of India business grew 49 per cent to Rs 217 crore. The company also has presence in Dubai market. "Q1 has consistently contributed 16-18 per cent of our overall revenue, and based on this trend, we project revenue for FY25 to align with our forecast of Rs 1,506 crore (USD 180 million)," stated Tanuj Shori, Founder and CEO, Square Yards.

In the US, Agarwal said that Oyo is opening a new property every three days, reflecting very strong momentum in the world's largest economy

Zee Entertainment in an exchange filing today said, both companies had agreed to withdraw all respective claims against each other, in the ongoing arbitration at the Singapore.

GPT Infraprojects' board approved the floor price for the QIP at Rs 183.83 per share to raise Rs 175 crore

Strong Q1 earnings, revival in FMCG sector has propelled Colgate-Palmolive stocks; Technical charts suggests that the bias shall remain favourable as long as the stock holds Rs 3,500.

Shares of Century Enka hit a record high of Rs 863.90, as they surged 12% on the BSE in Wednesday's intra-day trade in an otherwise range-bound market.

During the year, the group's return on equity for its financial services businesses improved marginally to 19.2 per cent from 19 per cent in the previous year

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

Realty firm Omaxe Ltd has posted a consolidated net loss of Rs 147.44 crore in the first quarter of this fiscal year on higher expenses. The company's net loss stood at Rs 106.32 crore in the year-ago period. The total income increased to Rs 385.23 crore in the April-June period of this fiscal year, from Rs 220.85 crore in the corresponding period of the previous year, according to a regulatory filing on August 13. Total expenses rose to Rs 542.40 crore in the quarter under review, from Rs 352.39 crore a year ago. Omaxe is one of the leading real estate developers in the country. It has a presence in Delhi-NCR, Punjab, Haryana and Uttar Pradesh.

Revenue from operations increased 5.12% QoQ to Rs 1,327.43 crore in Q1 FY25. EBITDA stood at Rs 195.1 crore in Q1 FY25, registering a growth of 1% as compared with Rs 193.1 crore in Q1 FY24

Realty firm Valor Estate Ltd has posted a consolidated net loss of Rs 13.60 crore in the first quarter of this fiscal year on higher expenses and eyes Rs 6,000 crore revenue from joint developments with L&T Realty and Lodha Group. Its net loss stood at Rs 22.54 crore in the year-ago period. Total income rose to Rs 93.12 crore in April-June period of this fiscal year from Rs 8.69 crore in the year-ago period, according to a regulatory filing on Augsut 13. The company's total expenses jumped to Rs 108.99 crore from Rs 33.06 crore. Valor Estate Ltd, formerly DB Realty Ltd, is one of the leading real estate developers in Mumbai, has an existing portfolio of 100 million square fete of real estate, and is focusing on residential and commercial developments. The company said it has "recently executed binding agreements...with L&T Realty and Lodha Group to develop 5.7 million square feet carpet area with Rs 6,000 crore potential revenue to Valor Estate". Shahid Balwa, Vice Chairman ...

Pitti Engineering's stock surged up to 5.90 per cent, at Rs 1,378.90 per share on the NSE in Friday's intraday trade

The Nasdaq rose more than 2% on Thursday after July the US retail sales data signalled resilient consumer spending, allaying fears of an imminent recession in the world's largest economy.

Shares of Ipca Labs slipped 2.82 per cent to Rs 1312.55 per share on the BSE in Friday's early morning trade