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NHPC Ltd reported a 41% YoY decline in net profit to Rs 909 crore for Q2 FY24, compared to Rs 1546 crore last year. Revenue rose 4% to Rs 3052 crore, while EBITDA grew 2%, with improved margins of 58.9%.
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News and Media
Tata-backed IHCL reported a 226% YoY profit surge to Rs 583 crore for Q2, with revenues up 27.4% to Rs 1826 crore. The company will manage The Claridges, New Delhi from April 2025. H1 revenues grew 16.4%, profit up 103%.
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Lupin exceeded profit expectations in the second quarter, reporting a 74% surge in profits, reaching 8.53 billion. This growth was fueled by robust demand for their respiratory and diabetes medications. Overall revenue also saw an 11.3% increase, reaching 54.97 billion.
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News and Media
To address concerns about the "skin in the game" rule for designated employees of mutual funds, Sebi on Thursday proposed reducing the mandatory investment percentage, applying it based on salary brackets, and excluding non-cash components like ESOPs from the minimum investment calculation. The proposals aimed at easing compliance, particularly for employees with lower CTCs and those in operational roles.
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News and Media
According to Nagaraj Shetti of HDFC Securities, the short-term market outlook remains uncertain due to ongoing volatility. A substantial upward rally is unlikely until the Nifty crosses the 24,500 mark, with potential support around the 23,800 level on the downside.
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News and Media
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