Thu, Feb 1, 2024 1:23 PM
Interim Budget hikes road ministry's allocation by 3% to Rs 2.78 lakh cr
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JK Tyre & Industries reported its first quarterly profit fall in two years on November 5, hurt by weak tyre sales to car, bus and truck makers. The tyre maker's consolidated net profit for the July-September quarter fell 44% year-on-year to Rs 135 crore. Its second-quarter revenue declined 7% to Rs 3,622 crore, after dropping for the first time in four years in the April-June period.
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Voltamp Transformers said it has received a Letter of Intent (LoI) from Gujarat Energy Transmission Corporation Limited (GETCO) for the supply of various ratings of power transformers, valued at ₹263.33 crore (excluding GST). The company said the contract, which will be executed within 12 months, is a significant development under its ongoing business expansion.
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Pharmaceutical firm Mankind Pharma Ltd on Tuesday (November 5) reported a 30.4% year-on-year (YoY) jump in net profit at ₹653.5 crore for the second quarter that ended September 30, 2024.The drug major had posted a net profit of ₹501 crore in the year-ago period, Mankind said in a regulatory filing. Revenue from operations increased 13.6% to ₹3,076.5 crore against ₹2,708.1 crore.
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