Global Health Q2 Results: Medanta operator posts 5% rise in net profit YoY at Rs 131 crore
Global Health, which operates hospitals under the Medanta brand, on Thursday said its profit after tax increased 5 per cent to Rs 131 crore in the September 2024 quarter. The healthcare provider reported a Profit After Tax (PAT) of Rs 125 crore in the July-September quarter a year ago.
Glenmark Pharma Q2 Results: Co posts Rs 355 crore net profit on robust sales growth
Glenmark Pharma reported Rs 340 crore net profit in Q2FY25 led by robust sales growth in India and Europe. The drugmaker reported a net loss of Rs 180 crore in the corresponding quarter of the previous year.
SEBI study: 1 out of 4 times listed companies paid royalty exceeding 20% of their net profits to related parties
A Sebi study found that Indian listed companies paid royalty to related parties exceeding 20% of net profits once in four times. In half the cases, royalty payments exceeded dividends paid to non-related shareholders. 1,538 instances of royalty payments within 5% of turnover were observed, with 1,353 made by profitable companies and 185 by loss-making […]
Grasim Industries Q2 Results: PAT falls 66% YoY to Rs 390 crore, revenue rises 11%
Grasim Industries Q2 Results FY25: Grasim Industries, the flagship company of Aditya Birla Group, on Thursday reported a 66% fall in its consolidated net profit at Rs 390 crore in the second quarter, compared with Rs 1164 crore in the last year quarter.
Allcargo Logistics Q2 Results: Net profit zooms 161% to Rs 37 crore
Allcargo Logistics has clocked a net sales of Rs 689.80 crore in Q2 of FY25 up 79.43% from Rs 384.43 crore in Q2 of FY24. The quarterly net profit of the company stood at Rs 36.99 crore in Q2 of FY25 up 161.04% from Rs. 14.17 crore in Q2 of FY24.
Tech view: Nifty forms Doji candle; a break below 23,500 likely to push index lower. How to trade on Monday
The 23,500-23,540 range serves as an immediate support zone for the index. A decisive break below 23,500 could lead to a further drop to the 23,300-23,200 levels, where trend line support exists. While the short-term trend remains down, a pullback rally is possible if Nifty holds above 23,500, according to Hrishikesh Yedve of Asit C. […]
Brainbees Solutions Q2 Results: FirstCry operator narrows loss to Rs 50 crore YoY, revenue jumps 26%
The reduction in the company’s losses was driven by higher revenues on both a yearly and quarterly basis. Firstcry’s operator reported a topline of Rs 1,905 crore in Q2FY25, up from Rs 1,507 crore in the same quarter last year and Rs 1,652 crore in Q1FY25, reflecting a 26% YoY and 15% QoQ increase.
Suzlon Energy shares surge 5% after 5-day decline
Suzlon’s positive momentum is fueled by securing a major 1,166 MW wind energy order from NTPC Green Energy, boosting its order book to a record 5.1 GW. This strong order pipeline enhances Suzlon’s revenue visibility and stability, positioning the company well for sustained growth and reliable long-term earnings.
HDFC Securities initiates coverage on Swiggy, sets target price of Rs 430
HDFC Securities has initiated coverage on Swiggy, assigning an “Add” rating with a target price of Rs 430, based on the company’s strong brand presence and user base. While the brokerage is optimistic about Swiggy’s growth potential in quick commerce, it cautions that operational challenges may affect long-term profitability.
Gold will eventually get its shine back, but now it’s all about dollar: Jonathan Barratt
The US dollar is gaining strength. This is impacting commodity prices. Gold and oil prices are expected to fall. The US dollar index is at a crucial level. If it crosses this level, the dollar will strengthen further. Oil production in the US is also high. This will keep oil prices stable.