Tue, Nov 26, 2024 1:58 PM
TCS signs 3-yr extension contract with SPARSH to streamline pension service
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Reported Standalone quarterly numbers for Cosco (India) are: Net Sales at Rs 38.16 crore in September 2024 down 7.47% from Rs. 41.24 crore in September 2023. Quarterly Net Profit at Rs. 0.20 crore in September 2024 down 69.8% from Rs. 0.66 crore in September 2023. EBITDA stands at Rs. 2.35 crore in September 2024 down 26.79% from Rs. 3.21 crore in September 2023.
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Reported Standalone quarterly numbers for Mahalaxmi Rubtech are: Net Sales at Rs 23.62 crore in September 2024 down 55.7% from Rs. 53.32 crore in September 2023. Quarterly Net Profit at Rs. 3.49 crore in September 2024 up 59.02% from Rs. 2.20 crore in September 2023. EBITDA stands at Rs. 5.99 crore in September 2024 up 3.45% from Rs. 5.79 crore in September 2023.
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India's domestic consumption is uneven, with rural and urban areas experiencing different trends, affecting private sector capacity addition. Consumer goods account for 50% of Private Final Consumption Expenditure, with services making up the balance. Despite a 7.4% growth in Q1 FY2025, consumer non-durable demand is slackening, and urban demand is a drag due to elevated food inflation.
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