Thursday, November 28
Raymond Lifestyle has reported a 69.72 per cent decline in consolidated net profit to Rs 42.18 crore for the second quarter ended September 2024, on account of subdued demand and higher inflationary pressures. It had reported a net profit of Rs 139.33 crore for the July-September quarter a year ago, according to a late night regulatory filing from Raymond Lifestyle, a Raymond Group firm on Tuesday. Its revenue from operations was down 5.27 per cent to Rs 1,708.26 crore in the September quarter. It was at Rs 1,803.38 crore in the year-ago period. Total expenses of the Singhania family-promoted firm were down 1.38 per cent to Rs 1,622.95 crore in Q2 FY'25. Raymond Lifestyle's total income, which includes other income, was at Rs 1,735.21 crore, down 6.16 per cent. "Raymond Lifestyle Ltd
Mumbai: Japanese two-wheeler maker Suzuki Motorcycle on Tuesday said its vehicle sales in India jumped 19 per cent year-on-year at 1,20,055 units in October 2024. The company had sold a total of 2,00,57 vehicles in October last year, Suzuki Motorcycle India Pvt Ltd (SMPIL) said. Domestic sales during the previous month stood at an all-time high of 1,04,940 vehicles, as against 84,302 units in October 2023, a growth of 24 per cent year-on-year, the company said. The company said exports during October 2024 declined 7 per cent to 15,115 units in the month under review, from 16,205 units in the same month last year, SMIPL said. "Reaching this record in sales is an important milestone for all of us at Suzuki," said Kenichi Meda, Managing Director at Suzuki Motorcycle India.
The grey market premium (GMP) of Swiggy stands at 5% or Rs 20 in the unlisted market, a day ahead of its initial public offering (IPO), which opens tomorrow, i,e., on November 6.The issue will remain available for subscription till November 8.The company has fixed a price band of Rs 371-390 per share for the IPO, which means that the investors are willing to pay about Rs 410 for one share of the company.However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.About a month ago, Swiggy shares were trading at Rs 515 in the unlisted market.Swiggy is serving the IPO at a lower valuation of $11.3 billion as against its earlier target of around $15 billion. The valuation
