Orient Cement Ltd, now part of billionaire Gautam Adani-led Adani Group, on Friday reported a multi-fold jump in its net profit to Rs 205.37 crore for the first quarter ended June 2025. The company had posted a net profit of Rs 36.71 crore a year ago, according to a regulatory filing by Orient Cement Ltd…
Ultratech Cement is expected to report a 30% year-on-year (YoY) growth in profit after tax (PAT) for the first quarter of FY26, while revenue is projected to rise 18% YoY, according to the average of estimates from five brokerages. The anticipated growth is largely attributed to robust volume expansion from recent acquisitions, modest price hikes…
Fortis Healthcare Ltd on Tuesday reported a 7.44 per cent decline in consolidated net profit at Rs 188.02 crore in the fourth quarter ended March 2025 impacted by impairment on investment in an associate firm, property, plant and equipment, besides higher expenses. The company had posted a consolidated net profit of Rs 203.14 crore in…
Hindustan Construction Company (HCC) on Thursday reported a consolidated loss of Rs 38.92 crore in the December quarter of 2024, largely on account of change in tax regime. The company had clocked a net loss of Rs 233.22 crore in the year-ago period, the company said in a regulatory filing. Its total income in the…
State-owned Punjab and Sind Bank plans to raise Rs 2,000 crore through Qualified Institutional Placement (QIP) during the ongoing quarter, a top official of the bank said. The bank has already appointed merchant bankers and legal advisers for the proposed QIP, Punjab & Sind Bank managing director and CEO Swarup Kumar Saha told PTI. “With…
State-run MOIL achieved its best ever Q3 and 9 months’ performance in the quarter ended December 31, 2024, the company said in an update on Thursday. The mining company recorded its highest ever Q3 production of manganese ore at 4.6 lakh tonnes along with best ever Q3 sales of 3.88 lakh tonnes which was higher…
Foreign direct investment (FDI) equity inflows into India rose 43.1% on-year to $13.6 billion in July-September this fiscal, data released by the Department for Promotion of Industry and Internal Trade (DPIIT) Friday showed. FDI inflows were $9.5 billion in the year ago period. Total FDI, which includes equity inflows, reinvested earnings and other capital, grew…
Sun Pharma reported a 28% year-on-year (YoY) jump in net profit to Rs 3040 crore in Q2FY25 led by higher sales growth in domestic formulation and global specialty portfolio. The company reported net profit of Rs 2375.5 crore during the corresponding quarter of the previous year. Revenue rose 10.5% YoY to Rs. 13,264 crore in…
Computer chip equipment maker ASML on Tuesday reported weak bookings and cut 2025 sales forecasts in third quarter earnings published early on its website, sending its shares down 15% by 1500 GMT. “We expect our 2025 total net sales to grow to a range between 30-35 billion euros, which is the lower half of the…
Micron Technology surged close to 19% on Thursday, leading a rally in chip stocks after its strong revenue forecast signaled robust demand for the hardware used to power generative AI technology. The company, whose high-bandwidth memory chips (HBM) are used in Nvidia’s popular artificial intelligence processors, could potentially add more than $19 billion to its…