Tyre major CEAT Ltd. saw its net profit nearly halve to Rs 97 crore in the October-December quarter of the current financial year even as the company’s revenue rose 11.4 per cent to Rs 3,300 crore, according to an exchange filing on Wednesday.
Leading brokerage Ventura Securities Ltd has set a bullish target of Rs 3,801 for Adani Enterprises Ltd's (AEL) stock, which is a potential upside of 57.8 per cent over the next 24 months.
Online skills and learning platform upGrad has recorded a loss of Rs 560 crore in FY24, a decrease from a Rs 1,142 crore loss in FY23.
Mohalla Tech, the parent company of social media platform ShareChat, reported a consolidated loss of Rs 1,898 crore in FY24, from Rs 5,143 crore in FY23.
The company’s revenue from operations in the quarter fell 3 per cent year-on-year to Rs 53,905 crore.
The Adani Portfolio company attributed the sustainable performance to volume growth, cost reduction, and improvement in efficiency parameters.
Reliance Retail Ventures Limited (RRVL) delivered steady performance during Q1 FY25 with revenue of Rs 75,615 crore, up 8.1 per cent year-on-year.
The market cap of the Indian hospital sector surged 9 times from Rs 375 billion in FY20 to Rs 3.5 trillion in FY24 riding on improved pricing, higher insurance coverage, and dedicated shift towards complex surgeries such as transplants, a report showed on Monday.
It added that cash reserves are now at highest-ever levels of Rs 59,791 crore (approximately $7 billion), up by 48.5 per cent YoY.
Adani Power on Wednesday reported 37 per cent growth (year-on-year) in revenue at Rs 50,960 crore for FY24, as continuing EBITDA more than doubled to Rs 18,789 crore.
