Bharat Forge has posted a 13% year-on-year increase in net profit for Q2 FY24, reaching ₹243 crore. While revenues saw a slight decline, the company's strong export performance, operational efficiencies, and strategic diversification into sectors like aerospace and defense contributed to its continued profitability.
SpiceJet has successfully settled a Rs 763 crore liability with Export Development Canada, saving over Rs 574 crore. As part of the agreement, the airline acquires 13 Q400 aircraft, reducing operational costs and boosting its regional network expansion under India’s UDAN scheme. This strategic move strengthens SpiceJet’s financial position and supports its growth in underserved markets.
NTPC is embarking on an ambitious journey to diversify its energy portfolio, with plans to develop 2 GW of nuclear capacity by 2032. Alongside its nuclear energy ventures, the company is ramping up investments in renewable sources like solar, wind, and green hydrogen, while preparing for an IPO to fund its clean energy expansion. Explore how NTPC’s strategic shift is shaping India’s energy future.
Eicher Motors reported an 8% rise in Q2 FY25 profit, driven by solid performances from both Royal Enfield and VE Commercial Vehicles. With new product launches, including electric motorcycles under the Flying Flea brand, and continued global expansion, the company is poised for strong growth in the coming quarters.
Tata Power has successfully commissioned the Omkareshwar Floating Solar Project in Madhya Pradesh, a landmark 126 MW facility that showcases cutting-edge technology and sustainable energy solutions. This major milestone highlights the company’s commitment to India’s renewable energy goals and positions Tata Power as a leader in the growing floating solar sector.
Shilpa Medicare's shares rose 8% following a remarkable profit surge in Q2FY25, driven by strong growth in its API and formulation segments. With new USFDA approvals and an optimistic outlook, the company is well-positioned for continued success in the global pharmaceutical market.
Godrej Industries delivered a stellar performance in Q2FY25, with net profit soaring 287% and revenue rising 22%. The company's strong growth across its home care and personal care segments, combined with improved margins, has propelled its stock to new heights. Discover what’s driving Godrej’s success and its outlook for the future.
Varroc Engineering has posted a 4% year-on-year increase in Profit After Tax (PAT) for Q2 FY24, with revenue growing by 10%. The company's strong performance was driven by robust demand in the automotive sector, strategic investments in electric vehicle components, and operational efficiencies. Explore the highlights and future outlook for Varroc in this detailed analysis.
Varun Beverages is making bold moves with its latest acquisitions, including PepsiCo bottlers in Tanzania and Ghana, and full ownership of Lunarmech Technologies. These strategic expansions aim to strengthen its market presence in Africa and streamline its supply chain operations, positioning the company for continued growth.
Patel Engineering Ltd reported a remarkable 95% growth in net profit for Q2 FY24, reaching Rs 73.44 crore, driven by strong revenue performance and improved project execution. With a 17.7% increase in total income, the company is well-positioned for continued growth in India’s booming infrastructure sector.