Life Insurance Corporation (LIC), the largest life insurance company in India, has reported a decline in its consolidated net profit for the second quarter (Q2) of the fiscal year 2024. The company’s profit for the period stood at Rs 7,729 crore, marking a 3.75% decrease from Rs 8,030.28 crore in Q2 FY23. Despite the decline, … Read more
Adani Power, which exports electricity to Bangladesh from its 1,600 megawatt (MW) Godda plant in Jharkhand, India, has significantly reduced its supply to the neighboring country. The supply, which had been around 1,400-1,500 MW in early August, has been slashed to about 700 MW-750 MW in recent weeks. As of late Thursday, the supply was … Read more
MRF Ltd., one of India’s leading tyre manufacturers, recently announced its financial results for the September quarter (Q2 FY2024), revealing a mixed performance. The company’s net profit fell sharply, but its revenue saw healthy growth. Here’s a breakdown of the key numbers and what they mean for investors and stakeholders. Check also: SBI Share Q2 Results: … Read more
State Bank of India (SBI) is poised to report a robust set of Q2FY25 results, driven by solid loan and deposit growth. The country’s largest state-run lender will announce its performance for the July-September quarter on November 8, 2024. Analysts are anticipating a year-on-year (YoY) surge in both net profit and net interest income (NII), … Read more
Divi’s Laboratories, a leading Indian pharmaceutical company, reported its financial results for the second quarter of fiscal year 2024-25 (Q2FY25), reflecting strong performance across key business segments, with notable increases in profit, revenue, and EBITDA. Divi’s Labs Q2FY25 Results Net Profit: Divi’s Labs reported a net profit of Rs 510 crore, marking a 46.5% increase … Read more