Shakti Pumps Consolidated September 2024 Net Sales at Rs 634.59 crore
Mon, Oct 28, 2024 3:24 PM

Shakti Pumps Consolidated September 2024 Net Sales at Rs 634.59 crore

Reported Consolidated quarterly numbers for Shakti Pumps (India) are: Net Sales at Rs 634.59 crore in September 2024 up 315.37% from Rs. 152.78 crore in September 2023. Quarterly Net Profit at Rs. 101.42 crore in September 2024 up 1630.21% from Rs. 5.86 crore in September 2023. EBITDA stands at Rs. 154.46 crore in September 2024 up 867.19% from Rs. 15.97 crore in September 2023.

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CreditAccess Gr. Consolidated September 2024 Net Sales at Rs 1,453.29 crore
Mon, Oct 28, 2024 3:23 PM

CreditAccess Gr. Consolidated September 2024 Net Sales at Rs 1,453.29 crore

Reported Consolidated quarterly numbers for CreditAccess Grameen are: Net Sales at Rs 1,453.29 crore in September 2024 up 16.55% from Rs. 1,246.94 crore in September 2023. Quarterly Net Profit at Rs. 186.06 crore in September 2024 down 46.39% from Rs. 347.04 crore in September 2023. EBITDA stands at Rs. 753.78 crore in September 2024 down 16.52% from Rs. 902.92 crore in September 2023.

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Shradha Infra Consolidated September 2024 Net Sales at Rs 12.35 crore
Mon, Oct 28, 2024 3:21 PM

Shradha Infra Consolidated September 2024 Net Sales at Rs 12.35 crore

Reported Consolidated quarterly numbers for Shradha Infraprojects are: Net Sales at Rs 12.35 crore in September 2024 down 59.95% from Rs. 30.83 crore in September 2023. Quarterly Net Profit at Rs. 3.85 crore in September 2024 up 13.48% from Rs. 3.39 crore in September 2023. EBITDA stands at Rs. 6.79 crore in September 2024 up 33.14% from Rs. 5.10 crore in September 2023.

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CDSL Consolidated September 2024 Net Sales at Rs 322.26 crore
Mon, Oct 28, 2024 3:20 PM

CDSL Consolidated September 2024 Net Sales at Rs 322.26 crore

Reported Consolidated quarterly numbers for Central Depository Services Ltd are: Net Sales at Rs 322.26 crore in September 2024 up 55.45% from Rs. 207.31 crore in September 2023. Quarterly Net Profit at Rs. 162.03 crore in September 2024 up 48.85% from Rs. 108.85 crore in September 2023. EBITDA stands at Rs. 236.05 crore in September 2024 up 55.12% from Rs. 152.17 crore in September 2023.

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How can an NRI carry forward capital losses?
Mon, Oct 28, 2024 3:15 PM

How can an NRI carry forward capital losses?

An NRI sold a residential property in India at a loss in 2021-22, filed the ITR on time, and hasn't filed returns for 2022-23 due to minimal income, but earned capital gains income in 2023-24. Despite missing the filing deadline, the individual can still set off the losses against the current year's capital gains income by submitting a belated tax return by December 31, 2024.

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Sun Pharma Q2 Results: Net profit at ₹3,040 crore, beats estimates
Mon, Oct 28, 2024 3:13 PM

Sun Pharma Q2 Results: Net profit at ₹3,040 crore, beats estimates

Sun Pharmaceuticals Ltd., the country's largest drugmaker, on Monday (October 28), reported a net profit of ₹3,040 crore, which is higher than the CNBC-TV18 poll of ₹2,895 crore. Revenue for the quarter stood at ₹13,291 crore, which is lower than the CNBC-TV18 poll of ₹13,320 crore. Following the Q2 earnings announcement, shares of Sun Pharma are trading 2.48% higher at ₹1,906.45.

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PNB Q2 net profit jumps 2.5x on-year to Rs 4,303 crore
Mon, Oct 28, 2024 2:57 PM

PNB Q2 net profit jumps 2.5x on-year to Rs 4,303 crore

Punjab National Bank (PNB) reported a substantial 2.5x year-on-year surge in its standalone net profit to Rs 4,303.5 crore for the quarter ending September 2024, compared with Rs 1,756.1 crore in the same period a year earlier. The jump in profit was helped by an over Rs 3,150-crore fall in new provisions recorded during the quarter, while the interest income surged and asset quality improved.

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DLF likely to launch the first phase of Mumbai project in Q4FY25
Mon, Oct 28, 2024 2:56 PM

DLF likely to launch the first phase of Mumbai project in Q4FY25

The Delhi-National Capital Region (NCR)-based real estate developer DLF Limited, a listed company, is likely to launch the first phase of its Mumbai project in the fourth quarter of financial year (FY) 2025, ending March 31. DLF’s Mumbai project, which is located at Andheri (West), is a Slum Rehabilitation Authority (SRA) venture. It is being developed in partnership with the Trident Group.

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DLF shares jump 8%, get an upgrade
Mon, Oct 28, 2024 2:56 PM

DLF shares jump 8%, get an upgrade

DLF Ltd.'s shares surged 8% after posting a 122% year-on-year growth in consolidated net profit, despite reporting its weakest bookings in 17 quarters. Brokerages Motilal Oswal and Morgan Stanley have upgraded and maintained recommendations, respectively, with price targets of ₹925 and ₹910 per share, citing growth visibility and upcoming project launches.

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Buy Dixon Technologies; target of Rs 17,750: Anand Rathi
Mon, Oct 28, 2024 2:23 PM

Buy Dixon Technologies; target of Rs 17,750: Anand Rathi

Dixon Technologies' Q2 results show continued growth momentum, driven by the cell-phone category, with efforts to integrate mobile manufacturing and explore tie-ups for camera modules and mechanicals. The company is also scaling up its laptop business, with a new manufacturing plant, and is expected to drive RoCE to 40.4% by FY27, prompting a Buy recommendation with a target price of Rs.17,750.

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European shares rise as key data and US tech earnings loom
Mon, Oct 28, 2024 2:21 PM

European shares rise as key data and US tech earnings loom

European shares edged up on Monday as investors prepared for a busy schedule of key economic data releases and earnings from major U.S. companies. The pan-European STOXX 600 was up 0.2% at 519.80 points as of 0815 GMT. It logged its first weekly loss in three weeks on Friday. The energy sector, which fell 1.7%, weighed on the benchmark.

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Motilal Oswal Q2 Results: Net profit at ₹1,120 crore; revenue rises 72%
Mon, Oct 28, 2024 2:20 PM

Motilal Oswal Q2 Results: Net profit at ₹1,120 crore; revenue rises 72%

Motilal Oswal on Monday, October 28, reported a 111% year-on-year (YoY) jump in its September quarter consolidated net profit at ₹1,120 crore. The same was ₹531 crore in the year-ago period. The company's revenue from operations surged nearly 72% on-year to ₹2,838 crore, compared to ₹1,655 crore in the corresponding quarter of last year.

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Bandhan Bank shares surge 9%
Mon, Oct 28, 2024 2:19 PM

Bandhan Bank shares surge 9%

Bandhan Bank shares surged 9% after reporting Q2 earnings, with global brokerages issuing mixed ratings, including Neutral, Outperform, and Buy, citing concerns over asset quality and MFI sector outlook, but also noting healthy loan and deposit growth, stable asset quality, and favorable risk-reward outlook.

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Small-cap Apollo Micro Systems clocks 386% gain in 2 years
Mon, Oct 28, 2024 2:19 PM

Small-cap Apollo Micro Systems clocks 386% gain in 2 years

Indian companies operating in the defence and space sectors have garnered significant interest from Dalal Street investors. This comes amid the Indian government’s emphasis on reducing defence imports and promoting domestic procurement, which has led to strong orders for local companies and, in turn, improved financial performance.

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Nuvama Wealth Management Q2 revenue jumps 50%, operating PAT rises 77%
Mon, Oct 28, 2024 2:06 PM

Nuvama Wealth Management Q2 revenue jumps 50%, operating PAT rises 77%

Nuvama Wealth Management reported strong financial results for the quarter ending September 30, 2024, highlighting its leadership in India’s wealth management industry. Revenue for the quarter rose to Rs 740 crore, up 50% from the same period last year. Total revenue for the April-September period increased by 55% YoY to Rs 1,407 crore.

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