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