DCM Shriram Ltd reported a 95.16 per cent increase in consolidated net profit at Rs 62.92 crore in the second quarter of fiscal 2024-25, compared to Rs 32.24 crore in the same period a year earlier.
Total revenue for the quarter was Rs 3,623 crore, showing a slight increase from Rs 3,620.2 crore in Q2 FY24.
Larsen and Turbo growth was driven by higher income, as the company’s consolidated revenue rose to Rs 62,655.85 crore from Rs 52,157.02 crore year-on-year
The company remains on track with its capital expenditure plans for the fiscal year, having spent ₹9,100 crore in the first half.
Car sales during Diwali have dropped significantly, leaving ₹79,000 crore worth of vehicles unsold and dealers facing high inventory levels.
Dabur's international business showed resilience, growing by 13% on a constant currency basis in Q2.
AICPDF announced recently that quick commerce’s rapid growth in India has led to around 200,000 kirana stores shutting down over the past year.
The BSE Sensex and NSE Nifty50 ended their two-day winning streak on Wednesday, closing in the negative territory amid mixed signals from global markets.
Samvat 2081 marks an important period for Indian investors as it signals the start of a new financial year in the Hindu calendar, coinciding with the auspicious festival of Diwali.
This special trading event is not just a symbolic gesture; it represents an auspicious time for investors to kick-start their financial journey in Samvat 2081.
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