Q1

SpiceJet posts Rs 150 crore profit in Q1; plans to raise Rs 3,000 crore via QIP

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SpiceJet posts Rs 150 crore profit in Q1; plans to raise Rs 3,000 crore via QIP

NEW DELHI: SpiceJet, which is trying to raise funds, on Wednesday reported a profit of Rs 150 crore for the quarter ending June 2024, down about 26% from Rs 204.5 crore in same quarter last fiscal. The airline’s scrip closed 2.5% lower on BSE Wednesday at Rs 55.03, when the broader market was up 0.19%. … Read more

Hindalco: Capex to remain in Rs 6,000-7,000 crore range in coming years: Satish Pai, Hindalco

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Hindalco: Capex to remain in Rs 6,000-7,000 crore range in coming years: Satish Pai, Hindalco

“I think that in Q1, we should probably do better than that because our cost of production is going to be a couple of percentage points lower than Q4,” says Satish Pai, MD, Hindalco.Let us first talk about the India operations. Your aluminium upstream shipments were flat on a sequential basis, but downstream and the … Read more