Salesforce India reported a 40% surge in net profit to Rs 888.3 crore in FY24, fueled by a 36% revenue growth that crossed USD 1 billion.
Posts in category Economic Times
Akasa Air loss widens to Rs 1,670 crore in FY24, total income rises to Rs 3,144 crore (05-11-2024)
Akasa Air’s losses increased to Rs 1,670.06 crore in the fiscal year ending March 2024, despite a significant rise in total income to Rs 3,144.38 crore. The airline, operating for over two years with a fleet of 24 planes, attributed the losses to mounting expenditures.
Mankind Pharma Q2 Results: Net profit rises 29% to Rs 659 crore, revenue up 13% (05-11-2024)
Mankind Pharma witnessed a 29% surge in consolidated net profit, reaching Rs 658.88 crore in the second quarter, ending September 2024. This growth was fueled by volume recovery and a strong performance in the chronic segment. Their revenue also saw a rise of 13.6%, reaching Rs 3,076.51 crore, attributed to operational leverage and steady revenue growth.
GAIL Q2 Results: Profit rises 11% to Rs 2,672 crore, revenue up 3.5% (05-11-2024)
India’s largest natural gas marketer and transporter witnessed a 26% drop in operating profit in the gas marketing business during the quarter to Rs 1,329 crore. Operating profit in the gas transmission business increased 8% to Rs 1,403 crore.
Oil India Q2 Results: Profit rises five-fold to Rs 1,834 crore, revenue declines 7% (05-11-2024)
The company’s revenue declined 7% year-on-year to Rs 5,519 crore in the July-September period. Profit before exceptional items and tax fell 10% to Rs 2,305 crore for the quarter. The company had provided for an exceptional item of Rs 2,363 crore in the year-ago quarter.
Ahead of Market: 10 things that will decide stock action on Wednesday (05-11-2024)
Indian equity indices rebounded on Tuesday, driven by investor interest in undervalued financial stocks ahead of the U.S. election. The Nifty 50 rose 0.91%, and Sensex gained 0.88%. Analysts see potential for a bullish reversal, with buy-on-dips strategies recommended.
Muthoot Microfin Q2 Results: Profit falls 44% to Rs 61 crore, GNPA up at 2.7% (05-11-2024)
Muthoot Microfin saw a 44% year-on-year fall in net profit for the second quarter at Rs 61.6 crore, primarily as the result of the stress in the microfinance sector and higher employee cost.
Market Trading Guide: Minda Corp among 2 stock recommendations for Wednesday (05-11-2024)
Nifty opened negatively but recovered in the second half, forming a piercing line candle on the daily chart. A move above 24,320 could extend the rally to 24,500-24,600. However, a break below 23,890 could trigger further weakness.
Commercial paper issuance falls as NBFCs are likely staying off market amid RBI warning (05-11-2024)
Market borrowing by Indian companies for their short-term needs fell in the first half of October from a month earlier, show latest data, likely due to non-banking finance companies slowing down activities with the central bank raising concerns about certain business practices.
US stocks open higher as Americans head to polls (05-11-2024)
U.S. stock indexes opened higher on Tuesday, as voting began in a tightly contested presidential election, with traders girding up for volatile trading over the next few sessions until a winner is declared.