State-owned MOIL on Wednesday posted a rise of 13 per cent in its net profit to Rs 131.07 crore during the March quarter, supported by reduced expenses. The company had clocked Rs 116.03 crore net profit during the January-March quarter of 2020-21, it said in a regulatory filing. During the quarter under review, the company's [...]
Realty firm Kolte-Patil Developers Ltd on Wednesday reported a 28 per cent increase in consolidated net profit at Rs 26.68 crore for the quarter ended March. Its net profit stood at Rs 20.9 crore in the year-ago period, according to a regulatory filing. Total income rose to Rs 380.99 crore in the fourth quarter of [...]
The India Cements Ltd on Wednesday said it has inked a strategic collaboration with technology start-up Tvasta Manufacturing Solutions, which specialises in construction of buildings using 3D printing application. The collaboration would see India Cements and Tvasta Manufacturing to engage in a dedicated research and development, synergetic exchange of technology-centric efforts to develop new raw [...]
Deepak Fertilisers on Wednesday reported a 144.30 per cent jump in consolidated profit after tax (PAT) at Rs 282.91 crore for the quarter ended March 2022. The company's PAT stood at Rs 115.80 crore during the corresponding quarter of 2020-21, Deepak Fertilisers and Petrochemicals Corporation said in a BSE filing. Revenue from operations during the [...]
Sugar stocks fell sharply on Wednesday, a day after the government imposed restrictions on sugar exports from June 1 to increase availability of the commodity in domestic market and curb price rise. Shares of Dalmia Bharat Sugar and Industries plummeted 13.40 per cent, Dwarikesh Sugar tumbled 9.38 per cent, Uttam Sugar Mills plunged 9.30 per [...]
State-owned Power Finance Corporation (PFC) on Wednesday posted a nearly 10 per cent rise in the consolidated net profit at Rs 4,295.90 crore in the March quarter mainly on the back of higher revenues. The consolidated net profit of the company was at Rs 3,906.05 crore in the year-ago period, a BSE filing showed. Total [...]
Startup electric vehicle charging solutions provider Numocity on Wednesday said ABB's E-mobility division has acquired a controlling stake in the company for an undisclosed sum. With the acquisition, the current investors Ideaspring Capital and Rebright Pte Ltd will exit the company, Numocity said in a statement. Ideaspring Capital had led an investment in Numocity in [...]
Online travel service provider Easy Trip Planners Ltd on Wednesday reported a 23.4 per cent decline in consolidated net profit at Rs 23.34 crore for the fourth quarter ended March, impacted by lower revenue and higher expenses. The company, which operates under the EaseMyTrip brand, had posted a consolidated net profit of Rs 30.47 crore [...]
Adani Ports and Special Economic Zone Limited (APSEZ) has reported a 21.78 per cent decline in consolidated net profit at Rs 1,033 crore for the fourth quarter ended March 2022. The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,321 crore in the corresponding period of the previous fiscal, according [...]
Direct-to-consumer men's innerwear brand Almo on Wednesday said it has raised USD 2 million (over Rs 15 crore) in pre-Series A round funding led by Inflection Point Ventures. The funding round also saw the participation of other investors, including LetsVenture and AngelList India, the startup said in a statement. Almo said it intends to bolster [...]
