The promoter holding will drop to 50% post-IPO from 67.9%. IRM has outperformed the industry average in terms of volume and operating profit in the last two fiscal years and most of its operating areas still have ample room for volume expansion as gas penetration is still low.
Kalyan Jewellers Q2 Results: Net profit jumps 64% YoY to Rs 427 crore, revenue rises 31%
Kalyan Jewellers reported a 63.6% YoY rise in consolidated net profit to Rs 427 crore in Q2FY27, while revenue grew 31.4% to Rs 10,323 crore.