Aug 13, 2021By: Rounak Jain
Bounced back in the black with a net profit of ₹83 crore in the June quarter, while revenue jumped 85 percent to ₹243 crore, year-on-year.
Its board has recommended a stock split of each equity share in five, pursuant to approval by the Ministry of Railways and shareholders.
Reported a strong rebound in the June quarter with a profit of ₹9,768 crore, as against a loss of ₹4,648 crore a year ago.
Revenue more than doubled to ₹53,372 crore. Its June quarter profit was higher than the profit of the entire FY21, the company said.
Net profit jumped six times to ₹365 crore in the June quarter, while revenue surged 85 percent to ₹5,487 crore. It sold 10.25 lakh units of two wheelers in the quarter, up by 81 percent year-on-year.
Civil aviation ministry has reportedly increased the maximum and minimum domestic airfare by 12.5 percent each.
ONGC, Bharat Dynamics, Apollo Hospitals Enterprise, Star Cement, Indraprastha Gas, Borosil, Burger King India, Glenmark Pharmaceuticals, Bayer Cropscience, Kaveri Seed Company, among others.
CarTrade Tech subscribed 20.29 times, Aptus Value Housing Finance subscribed 17.2 times, Nuvoco Vistas subscribed 1.7 times and Chemplast Sanmar subscribed 2.2 times at the end of day 3.
Plans to increase the price of coal and has received approval from its stakeholders. Expects production to be marginally lower at 640 million tonnes versus targeted 670 million tonnes, at the end of March 2021.
Its subsidiary has bagged an order worth ₹386 crore for a solar project in Leh, Ladakh.