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.
Denne historien er fra November 01, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 01, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
How AI is Disrupting the Literary World
This summer, Ayad Akhtar was struggling with the final scene of McNeal, his knotty and disorienting play about a Nobel Prize-winning author who uses artificial intelligence to write a novel.
Dark store surge set to spur realty demand
Quick commerce (qcom) firms are poised to impact India's real estate landscape as they expand their dark store networks to meet the growing demand.
The Bibek I knew
It was the early 2000s when I was setting up an economics research practice.
Saudi revives India investment plans amid shrinking mkt share
Move aimed at ensuring a major captive market for its crude oil, even as Indian refiners mull reducing the share of expensive Saudi grades sourced under term contracts
Tech, threats, territories - navigating industry growth in the new world order
As I step into my role as president of Nasscom, I view the next five years as a critical period, shaped by the intersection of three forces: Technology, threats, and territories.
STARS AND STYLE
The two biggest ever stars of Indian movies have followed contrasting styles as brands
Overhaul of HVLDE norms on cards
Market regulator Sebi has proposed an overhaul to the framework governing high-value listed debt entities (HVLDEs) in a bid to reduce the compliance burden.
Sebi moots changes to ERP framework
Revision to allow ERPs to rate unlisted securities
Testing the Midwestern assumption
Every now and then, a moment comes when the assumptions underlying a nation's politics are completely overturned.
From alienation to acceptance
A third of the way into Matthew Rankin's Universal Language, one stops wanting to know the film's secret and begins swimming in its mystery instead.
