Feb 18, 2022By: Rounak Jain
Reported a 20 percent fall in net profit to ₹387 crore in the December quarter, while revenue grew over 8 percent to ₹3,706 crore in the same period.
Its telecom arm, Reliance Jio, reported a loss of 13 million subscribers in December 2021, its second biggest fall yet.
Continued the momentum of adding subscribers with 0.5 million additions in December 2021.
Continued on its downward trajectory with a loss of 1.6 million subscribers in December 2021.
Profit fell sharply by 56 percent to ₹431 crore while revenue rose marginally by 2 percent to ₹7,625 crore, year-on-year.
Received USFDA approval for its supplemental new drug application for Solosec, used in the treatment of bacterial vaginosis and trichomoniasis.
Hero Electric withdrew its injunction application against the company to stop Hero MotoCorp from using the name ‘Hero’ for its electric vehicles.
Ratings agency CRISIL upgraded the long-term credit rating of the company’s non-convertible debentures to ‘AA Stable’ from ‘AA Positive’.
Launched a new product called Bajaj Coco Onion, a new version of coconut oil.