Tata-backed Indian Hotels Company (IHCL) reported a profit surge of 226% year-on-year, reaching Rs 583 crore in the second quarter. MD & CEO, Puneet Chhatwal, attributes the success to India’s economic growth and the company’s strategic expansion. Despite slowdowns in other sectors, IHCL benefited from a strong domestic travel demand and a resurgence in international tourism.
Posts in category Economic Times
Ashok Leyland Q2 Results: Profit jumps 37% YoY to Rs 770 crore; Rs 2 per share dividend declared (08-11-2024)
Ashok Leyland reported a 37.2% YoY rise in Q2 net profit to Rs 770 crore, surpassing estimates. However, revenue fell 9% YoY to Rs 8,768.8 crore. The company declared an interim dividend and maintained strong market shares in MHCV and buses.
European shares muted as luxury firms fall (08-11-2024)
The pan-European STOXX 600 held firm at 509.9 points as of 0817 GMT, with healthcare leading subsector gains with a 1.1% rise, while basic resources lagged with a 2.4% fall.
Private sector banks poised to power India’s growth: Manishi Raychaudhuri (08-11-2024)
From 90% premium, it has now come down to somewhere around 55% to 60%. But at the same time, Indian earnings estimates are also coming down. If you look at the consensus EPS estimates for 2025, 2026, over the last one month maybe five to six weeks they are down about 5%, which is a major departure from the trend that we had seen earlier.
Vedanta Q2 Results: Mining major swings to black with Rs 5,603 crore profit versus YoY loss (08-11-2024)
Vedanta LTD Q2 Results FY25: Revenue from operations fell 4% year-on-year to Rs 37,171 crore in the quarter ending September 2024, compared to Rs 38,546 crore in the same period last year. The company reported an EBITDA of Rs 9,828 crore for the July-September quarter, with margins at 26.1%.
MRF announces Rs 3 per share dividend. Check record date (08-11-2024)
MRF’s board declared an interim dividend of Rs 3 per share for shareholders alongside its Q2 results ending September 30, 2024. November 19 is set as the record date for dividend eligibility.
GAIL shares 2.54% as Nifty drops (08-11-2024)
A total of 502,607 shares changed hands on the counter till 02:09PM (IST).
These 7 Nifty stocks slid 20-40% from their year highs, do you own any? (08-11-2024)
During the recent market correction, the Nifty benchmark index has dropped around 8% from its 52-week high. However, 21 Nifty stocks have seen even sharper declines, with losses surpassing 16% from their 52-week highs, including key players such as RIL and HUL.
Ashok Leyland shares 2.31% as Sensex falls (08-11-2024)
A total of 820,564 shares changed hands on the counter till 02:05PM (IST)
Share price of REC as Nifty (08-11-2024)
A total of 152,058 shares changed hands on the counter till 02:00PM (IST).