Indian Railway Finance Corporation (IRFC) reported a 4% YoY jump in net profit to Rs 1,612.65 crore in Q2FY25. Revenue from operations increased by 2% to Rs 6,899.34 crore. The company declared an interim dividend of Rs 0.80 per share.
Posts in category Economic Times
Stock market update: Fertilisers stocks down as market falls (04-11-2024)
The 30-share BSE Sensex closed down 941.88 points at 78782.24
Distribution and asset allocation: Crafting portfolios that align with HNI and UHNI risk attitudes (04-11-2024)
Investors are looking to balance risk and reward in their portfolios, as greed and fear drive investment decisions. Assessing risk tolerance and understanding the potential for variability in returns is crucial for long-term financial success. While current market conditions may tempt investors to chase returns, maintaining a disciplined approach aligned with their risk profile is essential.
Exide Industries Q2 Results: PAT drops 14% to Rs 233 crore (04-11-2024)
Battery maker Exide Industries Ltd on Monday reported a 13.66 per cent decline in consolidated profit after tax at Rs 233.4 crore in the September quarter, impacted by higher expenses.
Fitch affirms IIFL Finance’s rating after RBI lifts ban on gold-loan business (04-11-2024)
Fitch Ratings on Monday affirmed IIFL Finance’s ratings with a stable outlook, saying that after the lifting of the ban on new gold-backed lending imposed by the Reserve Bank of India (RBI), the firm’s franchise will gradually stabilise. The RBI in September, had lifted regulatory restrictions it had imposed in March on IIFL Finance’s gold-backed lending business.
ACME Solar aims to garner Rs 2,900-cr via IPO; fixes price band at Rs 275-289/share (04-11-2024)
Renewable energy firm ACME Solar Holdings Ltd on Monday said it has fixed a price band of Rs 275 to Rs 289 per share for its Rs 2,900 crore initial public offering (IPO). The issue would open on November 6 and conclude on November 8.
Rupee touches all-time low on equity outflows, US elections in focus (04-11-2024)
The Indian rupee touched its weakest level on record on Monday, as persistent outflows from local stocks blunted the impact of a weaker dollar that helped lift the currency’s regional peers ahead of the U.S. presidential election.
European shares open flat as tech losses offset mining, energy gains (04-11-2024)
European shares were flat at the open on Monday as losses in tech stocks offset gains in resources-linked shares, while the focus remains on the U.S. presidential elections.
Titan Q2 Preview: Profit likely to decline up to 27% on one-time exceptional charge (04-11-2024)
Net profit for the July-September 2024 quarter is expected to decline by up to 27% year-on-year, based on the average estimate from four brokerages. In contrast, net sales are projected to increase by 3% year-on-year during the same period, according to the estimates.