SUNAINA

Jubilant Foodworks Ltd (JFL), which runs Domino’s Pizza and Dunkin’ Donuts, posted a consolidated net profit of Rs 58 crore for the June 2024 quarter, doubling from Rs 29 crore a year earlier. Revenue surged to Rs 1,933 crore from Rs 1,335 crore, reflecting the acquisition of DP Eurasia NV. Total expenses rose to Rs … Read more

State-owned Shipping Corporation of India (SCI) reported a 69.85% increase in net profit to Rs 291 crore for Q1 FY24, up from Rs 172 crore a year earlier. Total income rose to Rs 1,558 crore from Rs 1,227 crore. Expenses grew to Rs 1,265 crore from Rs 1,070 crore. SCI, under the Ministry of Ports, … Read more

A report, launched by Commerce Minister Piyush Goyal, outlines strategies for India to reach USD 1 trillion in exports by 2029-30. The ‘VIKSIT’ framework suggests enhancing public and private sector roles, improving value addition, diversifying products, and expanding market access. Key sectors like automobiles, electronics, and food processing need strategic focus. The framework emphasizes leveraging … Read more

HDFC Bank’s CEO, Sashidhar Jagdishan, reported that the bank is currently in an “adjustment” phase, which may slow credit growth temporarily. This is due to the macro environment and the impact of the recent merger with HDFC Ltd. The bank aims to improve its credit-deposit ratio, currently at 104%, for future growth. Long-term shareholder value … Read more

nox India’s consolidated profit after tax fell 8% to Rs 52.63 crore for the first quarter, down from Rs 57.08 crore last year. Total income decreased to Rs 301.77 crore from Rs 316.96 crore. Standalone profit also dropped by 2.38% to Rs 53.21 crore. The company, which manufactures cryogenic equipment, saw its shares close 3.95% … Read more

Alkem Laboratories’ consolidated net profit soared 91% to Rs 550 crore for Q1 FY24-25, compared to Rs 288 crore last year. Total income rose to Rs 3,152 crore from Rs 3,033 crore. The company attributes the profit boost to strong sales and improved margins. Alkem’s stock gained 1.86% to Rs 5,793.15 on BSE. Strong profit … Read more

Honasa Consumer Ltd, the owner of Mamaearth and The Derma Co, reported a 62.9% rise in consolidated profit after tax to Rs 40.25 crore for Q1 FY24-25, up from Rs 24.71 crore last year. Revenue from operations rose 19.28% to Rs 554.05 crore. Total expenses increased by 17.42% to Rs 520.38 crore. Shares of Honasa … Read more

Sun TV Networks Ltd’s consolidated profit after tax for Q1 FY24-25 fell by 5.48% to Rs 559.58 crore, compared to Rs 592.08 crore a year earlier. Revenue from operations decreased by 2.72% to Rs 1,312.40 crore. Total expenses rose by 10% to Rs 709.12 crore. The company declared an interim dividend of Rs 5 per … Read more

Arohan Financial Services reported a net profit of Rs 104.08 crore for Q1 FY24-25, a significant increase from Rs 25.40 crore in Q1 FY23-24. Total income rose 36% to Rs 469 crore, driven by increased business and earnings. The company’s AUM grew to Rs 7,062 crore, up from Rs 5,564 crore year-on-year. Net NPA was … Read more

The Indian rupee appreciated by 8 paise to 83.89 against the US dollar in early trade on Friday, supported by rising domestic equities and a dip in the US dollar index. The rupee opened at 83.95 and touched 83.89. Market attention is on upcoming US CPI data, India’s CPI, WPI, IIP, and trade data. The … Read more