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TVS Motor Company has expanded its stake in DriveX to 87.38% by acquiring an additional 39.11% for ₹97.78 crore. This strategic acquisition strengthens TVS's position in the used-vehicle trading market and aims to improve operational efficiency, despite DriveX's recent financial challenges.
Tata Consultancy Services (TCS) has extended its partnership with Telenor Denmark for another five years, continuing to manage the telecom operator's IT infrastructure. With the use of automation and cutting-edge technologies, this collaboration aims to drive significant operational cost reductions and improve service delivery for Telenor Denmark’s 1.6 million subscribers.
Afcons Infrastructure has reported a 30% increase in net profit for Q2 FY24, reaching Rs 135.44 crore, despite a decline in sales. The company’s strong operational efficiency and cost management strategies have allowed it to maintain profitability, even amid challenging market conditions.
Hisar Spinning Mills achieved a remarkable 533.33% rise in net profit for Q2 FY24, reflecting strong sales growth and improved operational efficiency. With a solid increase in both profit and revenue, the company is well-positioned for continued growth in the coming quarters.
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.
K C P has posted a remarkable 88.34% jump in net profit for the September 2024 quarter, reaching ₹61.36 crore, despite a 14% drop in sales. The company's strong operational performance and improved profit margins highlight its resilience, even amidst challenging market conditions.
NIIT’s Q2 FY24 results show an 11.18% increase in net profit, fueled by robust revenue growth and strategic operational improvements. With strong performance in digital learning and corporate training, the company is well-positioned for continued growth.
Ramkrishna Forgings has reported a significant increase in profit after tax (PAT), reaching Rs 183 crore in Q2 2023-24—more than double from the previous year. This impressive growth, driven by rising demand and operational efficiencies, positions the company favorably in the forging industry. we delve into the key factors behind this performance and the outlook for the future.
In Q3 2024, Varun Beverages reported a stunning 22% increase in net profit, surpassing analysts' expectations and highlighting the company's robust growth strategy. With revenue rising to Rs 4,804.7 crore and significant gains in sales volume, Varun is successfully navigating market challenges and shifting consumer preferences towards healthier beverage options. delves into the key highlights of the quarter, market reactions, and what the future may hold for this dynamic company.
Bajaj Housing Finance has reported robust Q2FY25 results, showcasing a 21% rise in net profit and a remarkable 26% increase in assets under management. With strong risk management and operational efficiencies, the company continues to impress investors post-IPO, making it a significant player in the financial sector. Dive into the details of its performance and what lies ahead.