Mumbai (Maharashtra) [India], November 10 (ANI/BusinessWire India): SKODA AUTO India celebrated the last quarter of 2022 with an international congregation in the picturesque backdrop of the Himalayas in Dehradun.
The company said Tata Motors' commercial vehicle business registered a 15 per cent growth in sales over Q2 FY22. For India business, domestic wholesales were at 93,651 vehicles, a surge of 19 per cent year-on-year. However, exports were at 6,771 vehicles, lower by 22 per cent affected by fin
Piramal Enterprises on Tuesday said its board approved raising of up to Rs 650 crore by issuing non-convertible debentures. The size of the issue is up to Rs 50 crore with an option to retain over subscription of up to Rs 600 crore, according to a regulatory filing.
The company has seen a stronger monetisation across all its key businesses while limiting indirect costs, leading to a 61 per cent YoY improvement in operating profits or Ebitda before employee stock ownership plan (ESOP) costs to Rs 166 crore.
Bajaj Electricals on Tuesday reported a marginal decline in its consolidated net profit to Rs 62 crore for the second quarter ended September 30 (Q2). It had Rs 62.55-crore net profit during the July-September quarter the previous fiscal, the company said in a regulatory filing. Net sales sl
Operating profit or earnings before interest, taxes, depreciation, and amortisation (Ebitda) declined 8 per cent from last year to Rs 480.6 crore. The fall in operating profit is due to spiralling expenses, which increased 21 per cent from last year while finance costs increased 29 per cent
On a quarterly basis, Paytm's net losses have reduced by 11 per cent. The company said robust traction across all its businesses helped it achieve stronger revenue growth, with improvement in Ebitda before Esop cost (improvement of Rs201 crore in last two quarters).
Sequentially, Ujjivan Small Finance Bank's net profit increased nearly 45 per cent from Rs 203 crore in the quarter ended June 2022. In the reviewed quarter, total income rose 63 per cent to Rs 1,139.83 crore, against Rs 699.74 crore in the year-ago period.
The company said its performance was impacted due to spiralling increase in the price of input materials, resulting in higher cost which could not be compensated in the market due to huge supply overhang.
The Chennai-headquartered lender said its total income grew by 15 per cent on a year-on-year basis, to Rs 5,852.45 crore, against Rs 5,090.72 crore in the year-ago period. Of which, interest income grew by 11 per cent during this reviewed period to Rs 4,717.61 crore.
The lender posted a surge of 74 per cent in its net profit to Rs 13,264 crore for the quarter ended September, against Rs 7,627 crore in the year-ago period, on the back of robust loan sales, higher interest income and lower provisions. In five days, the stocks of the lender have managed to