Business

New Delhi, Feb 11: Real estate company Signature Global's sales jumped 2.8 times to a record Rs 8,670 crore in the first nine months of this fiscal on the back of strong housing demand.In the latest investor report, Signature Global projected pre-sales or sales contemplated at Rs 8,670 crore for the April-December period of FY2024-25, up from Rs 3,120 crore in the year-ago period, registering a 178 per cent annual growth.Signature Global has set a sales target of Rs 10,000 crore for the full fiscal 2024-25, up from Rs 7,270 crore in the previous fiscal.Signature Global has set a target of Rs 13,500 crore in the first nine months of this fiscal, while targeting Rs 16,000 crore for the entire 2024-25.Company Supervisor Pradeep Kumar Agarwal said that the first nine months of FY25 have been ...

Apollo Hospitals on Monday reported a 52% rise in net profit in Q3FY25 to Rs 372 crore year-on-year (YoY), led by growth in healthcare, specialty chain and pharmacy segments.The company had reported a net profit of Rs 245 crore in the same quarter last year.Revenue grew 14% to Rs 5,527 crore in Q3FY25.Earnings before interest, tax, depreciation and amortization (EBITDA), EBITDA grew 24% to Rs 762 crore in Q3FY25.Revenue of healthcare business (hospital business) grew 13% to Rs 2,785 crore in Q3FY25. EBITDA margin for healthcare business stood at 24.1%. Overall occupancy in hospitals stood at 68% as against 66% in the same period last year.This was driven by a robust growth in patient occupancy in hospitals, with inpatient (IP) admissions increasing by 5.4% and outpatient (OP) admissions i...

NHPC, India’s leading hydropower utility company, announced its financial results for the third quarter of FY 2024-25 (Q3 FY25), revealing a significant drop in net profit along with a significant increase in revenue. The company’s net profit for the quarter ended December 2024 declined 52.5 percent to Rs 231 crore as against Rs 486.7 crore in the same period last year. The decline is mainly on account of increased expenses during the quarter. Despite the drop in net profit, NHPC’s revenue from operations grew 11.3 percent year-on-year to Rs 2,286.8 crore from Rs 2,055.5 crore in the same quarter last fiscal. Total expenses for the quarter rose to Rs 2,217.51 ​​crore from Rs 1,733.01 crore in the same quarter a year ago, leading to a decline in net profit. In view of the finan...

Reliance Power share price: Shares of power generation, transmission and distribution company Reliance Power rallied 10% on Thursday. The stock rose 10% to ₹43.94 per share on Thursday, a day after it posted impressive numbers for the third quarter of the current fiscal. At 10:59 am, it was up 7% at ₹42.73 per share. Reliance Power Q3 results Reliance Power on Wednesday reported a consolidated net profit of ₹41.95 crore in the latest October-December quarter on the back of higher income. It had posted a loss of ₹1,136.75 crore in the year-ago quarter. The company's total income grew 8% to ₹2,159.44 crore in the quarter under review, as against ₹1,998.79 crore a year ago. Expenses stood at ₹2,109.56 crore in Q3 FY25 as against ₹3,167.49 crore in the same period last fiscal. ...

Shares of J Kumar Infraprojects jumped 5 percent after the company posted a stellar earnings performance in the December quarter. The company's Q3 earnings showed a jump in net profit as well as revenue, while margins remained stable. At 1.43 pm, J Kumar Infraprojects shares were trading at Rs 724.90 on the NSE. The company's net profit rose 21 percent year-on-year to Rs 99.70 crore as against Rs 82.60 crore in the same quarter last year. Revenue also grew 22 percent to Rs 1,486.90 in the third quarter as against Rs 1,218.70 crore in the same quarter last fiscal. Follow our market blog to catch all the live action The company's order book stood at Rs 20,529 crore at the end of the December quarter. The order book comprises a diverse mix of projects, with metros (elevated and u...

Two-wheeler maker Suzuki Motorcycle India on Monday said its total sales rose 14 per cent to 108,921 units in January as compared to the same month last year. The company, the two-wheeler arm of Japanese auto major Suzuki Motor Corporation, sold a total of 95,762 units in January 2024, Suzuki Motorcycle India Pvt Ltd said in a statement. The company said domestic sales grew 9 per cent to 87,834 units during the last month as against 80,511 units sold in the same month last year, while exports witnessed a robust 38 per cent year-on-year growth, reaching 21,087 units in January 2025 as against 15,251 units in the same period a year ago. Suzuki Motorcycle also said that as of the end of January 2025, it has achieved cumulative sales of 10,40,025 units so far in FY 2024-25, surpassin...

KPI Green Energy shares have gained 293% in two years and 662% in three years. Shares of KPI Green Energy Ltd hit an upper circuit of 5% on Monday after the company said the firm's board will consider a proposal to declare a third interim dividend for the financial year 2024-25. The company will also announce its third quarter earnings on February 6. The multibagger stock rose 5% to hit a 52-week high of Rs 405 in the current trading session. The power stock opened at Rs 397 on the BSE today against its previous close of Rs 385.75. The stock has gained 293% in two years and 662% in three years. A total of 0.72 lakh shares of the firm were traded on the BSE, generating a turnover of Rs 2.91 crore. The company's market cap on BSE stood at Rs 7,974 crore. The stock hit a 52-week low...

Soda ash maker Gujarat Heavy Chemicals Ltd (GHCL) on Friday reported a 69% rise in consolidated net profit in Q3 FY25 to Rs 168 crore as against Rs 100 crore in the same period last year. Its revenue in the third quarter fell 1% to Rs 807 crore from Rs 813 crore in the same period a year ago. The company's share price closed at Rs 728.80, up 1.43% from Rs 718.55 yesterday. Consolidated earnings before interest, tax, depreciation and amortization (EBITDA) for GHCL rose 57% to Rs 259 crore from Rs 165 crore in the same period last year. GHCL's EBITDA margin stood at 32.0% in the quarter as against 20.3% in the previous year. According to a GHCL report, this is attributed to the company's operational strength resulting in cost savings. The company's operating expenses declined 15% year...

KPIT Technologies has reported a 20 percent rise in consolidated net profit to Rs 187 crore in the December quarter. It reported a net profit of Rs 155 crore in the year-ago period, according to a regulatory filing on January 29, 2025. Revenue for the quarter under review stood at Rs 1,478 crore, up 17.6 percent from Rs 1,257 crore in October-December of FY24. The company has also raised its EBIT margin guidance for FY25. Shares of KPIT Technologies rose 11.58 percent to Rs 1,404.9 per share on the NSE after the company raised its margin guidance. The stock rebounded after three consecutive sessions of decline. The company now expects its EBITDA margin to be over 21 percent, as against over 20.5 percent estimated earlier. It has maintained its constant currency revenue growth gui...