Saturday, November 23
The miniratna company BEML on Monday reported a marginal decline of 0.75% in its profit after tax (PAT) on a year-on-year (YoY) basis at Rs 51.03 crore for the second quarter ended September 30, 2024.The same stood at Rs 51.78 crore in the year-ago period.The company’s revenue from operations stood at Rs 859.84 for the reporting quarter, falling by 57% YoY against Rs 916.79 in the same quarter of the previous financial year.The company has turned profitable on a quarter-on-quarter (QoQ) basis as it reported a net loss of Rs 70.47 crore in the April-June quarter.BEML’s order book, which stood at Rs 11,818 crore at the beginning of the said quarter, was reported at Rs 11,453 crore, which constitutes orders worth Rs 2,784 crore executable in the current year and Rs 8,669 crore in the subs
Shares of MapMyIndia (CE Info Systems) fell nearly 8% to Rs 1,895 in Monday's trade on the BSE after the company reported an 8.2% decline in consolidated net profit to Rs 30.3 crore in Q2 FY25 as against Rs 33 crore posted in Q2 FY24.However, its revenue from operations jumped 13.8% year on year (YoY) to Rs 103.67 crore in Q2 FY25. Profit before tax stood at Rs 41.06 crore in Q2 FY25, down 8.18% from Rs 44.7 crore recorded in the corresponding quarter previous fiscal.EBITDA fell by 7.49% to Rs 37.5 crore in Q2 FY25 as compared to Rs 40.5 crore posted in the same quarter last year. EBITDA margin was reduced to 36.1% in Q2 FY25 as against 44.5% in Q2 FY24.Sapna Ahuja, COO, MapmyIndia, said “The overall market we serve faced challenges in Q2 FY25, but we managed to perform reasonably well t
Maruti Suzuki India on Monday launched the highly anticipated fourth-generation Dzire sedan, further strengthening the automobile's position with its hot selling compact sedan. The new Dzire boasts extensive upgrades in design, safety, technology, and powertrain, promising a blend of comfort, safety, and style for Indian consumers. Earlier last week, Maruti had announced that the model is available for pre-booking at Rs 11,000. Meanwhile, it has been launched with a starting price of around Rs 6.79 lakh (ex-showroom). It also made headlines by scoring a 5-star rating for adult occupant protection and a 4-star rating for child occupant safety in the Global NCAP crash tests, making it Maruti's first model to achieve the feat.The Dzire, which competes against models like Honda Amaze, Hyundai
Shares of the recently listed Waaree Energies have fallen by 19% in the last 3 trading sessions to a low of Rs 2,925 as Donald Trump’s victory in the US presidential election is considered to be negative for the renewable sector outlook.Trump, in his victory speech, mentioned that he would stop renewable projects on “day one” of his office, which is assumed to have an impact on the Indian companies too, that are exporters to the US.Waaree Energies and many other companies have a US export component in their revenues and it is believed that they may need to adjust their expansion plans if the US prioritizes domestic manufacturing.It was also reported that the company plans to expand its footprint by establishing a 3 GW manufacturing facility in the United States to further diversify i
