Hirect bags first US order for traction motor assemblies; delivery slated for FY27
Shares of Hirect Ltd ended at ₹1,334.00, up by ₹19.55, or 1.49%, on the BSE.
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P&G Hygiene and Health Care shares slip 5% after Q1 profit drops 34%, margin contracts
Procter & Gamble Hygiene and Health Care said sales for the quarter stood at ₹901 crore, down 5% from a year ago, while profit after tax was impacted by commodity cost fluctuations arising from geopolitical uncertainties.
V-Guard Q1 Results: Shares jump 9% after all segments post double-digit growth
V-Guard Industries reported a strong June quarter with double-digit growth across all business segments, helping profit jump 76% and margins improve. Management said resilient execution and seasonal demand offset disruptions caused by the West Asia conflict, while remaining optimistic on…
Asian Paints Q1 Results: Stock jumps 5% after strong earnings beat, volume growth of 9%
Asian Paints’ EBITDA margin for the quarter stood at 20.6%, a 240 basis points expansion compared to last year’s 18.2% figure. A CNBC-TV18 poll had pegged the figure to be 18.3%.
Garden Reach Shipbuilders Q1 Results: Revenue growth strong at 38% but higher costs impact margins
GRSE’s balance sheet remained strong, with the debt-equity ratio at 0.014 times as of June-end, compared with 0.012 times a year ago. Net worth increased to ₹2,799.7 crore from ₹2,198.8 crore, while the current ratio improved to 1.32 times from…
Explained: Why crypto exchanges are shutting down one after another
Crypto research firm K33 says July is on track to record the lowest average daily Bitcoin spot trading volume since November 2023, with activity across spot and derivatives markets remaining subdued.
Biocon receives Health Canada approval for psoriasis, Crohn’s disease treatment autoinjector pen
According to Biocon, the autoinjector offers patients in Canada a treatment option that is not available with the originator product. Biocon said the new delivery format will support more customised treatment approaches across different care settings and patient needs.
Chip stocks head for one of their worst months ever. Is it a blip or the end?
In the run up to its March 2000 peak, the leading chip stock index saw many months of percentage losses comparable to the current monthly pullback.
Devyani International share price jumps 9% after Q1 profit surges four-fold, margin improves
Despite the lower outlet count, Costa Coffee’s revenue rose 7% year-on-year to ₹212.5 crore, reflecting higher revenue per store. Devyani International said it is adopting a more disciplined and selective approach to expansion while continuing to strengthen the premium coffee…
Adani Ports Q1 Results: Full year revenue, operating income guidance maintained; Margin expands
Adani Ports reported EBITDA of ₹6,540 crore during the June quarter, 19% higher than the ₹5,495 crore figure it reported in the year-ago period. EBITDA margin expanded by 20 basis points.