The company’s revenue from operations increased 11% year-on-year (YoY) to Rs 4,347 crore, up from Rs 3,915 crore in the same period last year. EBITDA for the quarter increased 13% YoY to Rs 994 crore, up from Rs 880 crore in the same quarter last year. Meanwhile, EBITDA margins rose by 39 basis points to … Read more
Brokerages increased target prices up to Rs 180 for the auto components maker Samvardhana Motherson International as the company posted a two-fold jump in its net profit to Rs 1,444 crore for Q4FY24. The company’s total revenue from operations also rose to Rs 27,058 crore for the period under review as compared to Rs 22,517 … Read more
Himanshu Mody, CFO, Suzlon Group, says Suzlon alone has a Make in India turbine, based on the principles of Atmanirbhar Bharat. The technology is their USP. It is the only turbine that is tailor-made or customised for India’s weather conditions, whereas most of the competition – whether from the west or the east – do … Read more
NEW DELHI: Patel Engineering Ltd (PEL) has reported a multi-fold jump in its consolidated net profit to Rs 70.2 crore during the quarter ended December 2023, supported by higher income. It had clocked a net profit of Rs 19.4 crore during the October-December period of preceding 2022-23 financial year, the company said in an exchange … Read more
Jaguar Land Rover (JLR) has achieved its best-ever nine-month sales in India, reaching 3,582 units and experiencing a substantial year-on-year growth of 93 percent by the end of December 2023. The luxury carmaker said that the Range Rover and Defender models had robust performance during the period, contributing to over 75% of the current order … Read more