Wed, Nov 6, 2024 1:09 PM
Triveni Engineering stock drops 5% after Q2 loss, subdued profitability
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Hi-Tech Pipes on Wednesday posted a 72 percent increase in its consolidated net profit, reaching Rs 18.11 crore for the second quarter, driven by reduced expenses. Steel products manufacturer had recorded a net profit of Rs 10.52 crore for the same period in the previous fiscal, it informed the stock exchanges on Tuesday. Total income for the quarter dipped to Rs 706.86 crore.
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RITES reported its Q2 results on Wednesday afternoon. What Happened: RITES saw its consolidated net profit decline 25.11% year on year to ₹82.5 crore. The public sector company’s revenue declined 7.12% from the previous year to ₹540.86 crore. The numbers missed the analyst estimates of ₹91 crore net profit and ₹553 crore revenue.
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Geojit Financial Services research report on UltraTech Cement. UltraTech Cement Ltd is the largest cement manufacturer in India. It produces grey and white cement and ready-mix concrete (RMC). In Q2FY25, UltraTech's consolidated revenue de-grew 2.4% YoY to Rs. 15,635cr, with sales volume increasing 4.3% YoY. The de-growth was due to weaker cement prices that reduced sales realisation 6.4% YoY.
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