A positive development for the power major included module manufacturing hitting nearly 100 per cent capacity utilisation. The board has approved an investment proposal for a 1GW pumped storage project (PSP).
The consolidated operating profit of ₹3,740 crore in Q2FY25, was driven by ramped-up solar manufacturing and operational efficiency. Revenue was at ₹15,690 crore (flat Y-o-Y) for Q2FY25. The adjusted net profit (APAT) was at ₹1,070 crore, a rise of 20 per cent Y-o-Y. In H1FY25, net sales were at ₹32,990 crore, with operating profit at ₹7,330 crore and APAT was at ₹1890 crore, up 7 per cent, 21 per cent and up 11 per cent Y-o-Y, respectively. The H2FY25 is expected to be much stronger with revenues climbing by 40 per cent Y-o-Y, according to some analysts, along with similar gains in operating profit and net profit. Importantly, S&P Global Ratings, ICRA and CARE, have all upgraded ratings, which will lower interest costs.
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Release for grief
EYE CULTURE
RBI supersedes New India Co-op Bank Board
Alleged misappropriation of funds behind curbs
Reciprocal tax plan sets off alarm bells amid global trade war buzz
The move by the United States President Donald Trump to impose 'reciprocal' tariffs on a 'country-by-country' basis is set to trigger a global trade war, according to officials watching this space.
Sachin Bansal steps down as Navi CEO amid top-level rejig
To serve as executive chairman of the group
Pharma Stocks Plunge Amid Tariff Concerns
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I-T Bill empowers taxman to ask for access to electronic systems
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Cummins' engine may rev low in near term
Brokerages upbeat on firm's long-term prospects after a strong Q3
Smallcaps slip into bear mkt territory, midcaps on brink
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Deep state, shallow state, non-state
The deep state has now become the engine of conspiracy theories across democracies. America was the first and India is catching up fast. Many European democracies are on the bandwagon too
DPIIT to sign MoUs with firms for setting up manufacturing incubation centres
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