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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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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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