Mon, Feb 12, 2024 2:55 PM
Bandhan Bank's weak asset quality in Q3 upsets Street!
A Flip by Avya Verma
Voltamp Transformers said it has received a Letter of Intent (LoI) from Gujarat Energy Transmission Corporation Limited (GETCO) for the supply of various ratings of power transformers, valued at ₹263.33 crore (excluding GST). The company said the contract, which will be executed within 12 months, is a significant development under its ongoing business expansion.
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Pharmaceutical firm Mankind Pharma Ltd on Tuesday (November 5) reported a 30.4% year-on-year (YoY) jump in net profit at ₹653.5 crore for the second quarter that ended September 30, 2024.The drug major had posted a net profit of ₹501 crore in the year-ago period, Mankind said in a regulatory filing. Revenue from operations increased 13.6% to ₹3,076.5 crore against ₹2,708.1 crore.
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Manappuram Finance reported an unexpected growth in second-quarter profit on November 5, as strong performance in its mainstay gold loan segment offset higher provisions. The gold loan financier's consolidated net profit rose 2% from last year to Rs 571 crore for the three months ended September 30.Analysts were expecting a profit of Rs 531 crore as per data compiled by LSEG, a decline of 4.8%.
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