Thu, Oct 31, 2024 9:34 AM
Dabur India shares slip into red on reporting 17% fall in Q2 net profit
A Flip by Avya Verma
Shares of Rail Vikas Nigam Ltd rose over 4% on November 6 as the company-led consortium emerged as lowest bidder for a Bharat Sanchar Nigam Limited (BSNL) project worth Rs 5,000 crore. Rail Vikas Nigam Limited - HFCL Limited – Aerial Telecom Solutions Pvt. Ltd. Consortium emerges as the Lowest Bidder (L1) from Bharat Sanchar Nigam Limited (BSNL) for “Development.
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Blue Star Ltd posted a strong performance in Q2 FY24, with net profit surging by 35.6% year-on-year to ₹96 crore, compared to ₹70.8 crore in Q2 FY23. This rise in profit was underpinned by strategic cost management and increased operational efficiency. The company’s revenue from operations grew by 20.4%, reaching ₹2,276 crore from ₹1,890.4 crore a year earlier.
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Power Grid Corporation of India reported a net profit of ₹3,793 crore for the quarter ended September, slightly up from last year, with revenue from operations remaining flat at ₹11,277.76 crore. The company also announced an interim dividend of ₹4.50 per share and saw a rise in revenue from its transmission, consultancy, and telecom segments.
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