Business

According to real estate data analytics firm PropEquity, home sales in Jaipur grew only 5 per cent in 2024 to 10,695 units, but in value terms it grew 39 per cent to Rs 8,388 crore. In 2023, home sales in the Rajasthan capital stood at 10,187 units, valued at Rs 6,019 crore, data from PropEquity showed. Sameer Jasuja, founder of PropEquity, attributed the rise in sales value to rising input costs of real estate projects due to increase in land, labour and construction material prices. Also, developers are launching more premium and luxury housing projects, leading to a rise in sales value. PropEquity recently released data for 15 major tier-2 cities, where total housing sales grew 4 per cent to 1,78,771 units in 2024 from 1,71,903 units in the previous year. In terms of val...

Aditya Birla Fashion and Retail Ltd (ABFRL) narrowed its net loss to ₹51.3 crore in Q3 FY24 from ₹77.9 crore in Q3 FY23 on the back of improvement in its revenue and profitability. Revenue from operations grew 3.3% year-on-year to ₹4,304.7 crore as against ₹4,166.7 crore last year, enabled by consistent demand across the brand portfolio.EBITDA grew 14.8% to ₹635 crore as against ₹553.2 crore, reflecting improved operating performance. EBITDA margin stood at 14.8% as compared to the same period last year when it was 13.3%, reflecting higher cost efficiency and improved profitability.Aditya Birla Fashion and Retail Ltd (ABFRL), which owns brands such as Louis Philippe, Van Heusen and Pantaloons, plans to drive future growth by enhancing its premium and digital-first offerings.On the Nationa...

Lux Industries Q3 Results: Lux Industries on Thursday, February 13 reported a 58.63% year-on-year rise in its consolidated net profit for the October-December quarter of the 2024-25 financial year (Q3 FY25) to ₹32.06 crore. The company's net profit stood at ₹20.21 crore in the same period last year. The increase in net profit was due to increase in income and reduction in expenses. Its total income stood at ₹556.87 crore in the third quarter of the financial year 2024-25, a growth of 22.48% from ₹454.65 crore in the third quarter of the 2023-24 financial year (Q3 FY24). The company's revenue from sale of products and services grew 22.2% to ₹549.34 crore during the period under review, as against ₹449.55 crore in Q3 FY2024. Lux Industries' total expenses in Q3 FY2025 stood at ₹514...

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. ...