1 / 14Adani Enterprises | The Hindenburg Research launched a broadside against SEBI chairperson Madhabi Buch, alleging she and her husband had stakes in obscure offshore funds used in the Adani money siphoning scandal. In a blog post, Hindenburg said 18 months after its damning report on Adani, “SEBI has shown a surprising lack of interest in Adani’s alleged undisclosed web of Mauritius and offshore shell entities.”
2 / 14Siemens | Technology firm reported a 26.8% year-on-year jump in net profit at ₹577.7 crore for the third quarter that ended June 30, 2024. In the corresponding quarter of the previous fiscal, Siemens posted a net profit of ₹455.5 crore. A CNBC-TV18 poll had predicted a profit of ₹646.4 crore for the quarter under review.
3 / 14Aurobindo Pharma | The company said its consolidated net profit increased 61% year on year to ₹919 crore in the first quarter ended June 2024. The drug maker had reported a net profit of ₹571 crore in the April-June quarter of last fiscal. Revenue from operations increased to ₹7,567 crore in the June quarter as against ₹6,851 crore in the year-ago period.
4 / 14Jubilant Foodworks | The company reported a 31.4% year-on-year decline in net profit at ₹51.5 crore for the first quarter that ended June 30, 2024. In the corresponding quarter, Jubilant Foodworks posted a net profit of ₹75.1 crore. The CNBC-TV18 poll had predicted a profit of ₹55.5 crore for the quarter under review.
5 / 14Shipping Corporation | State-run company reported a 69.9% year-on-year jump in net profit at ₹291.5 crore for the first quarter that ended June 30, 2024. In the corresponding quarter, SCI posted a net profit of ₹171.6 crore. The company’s revenue increased 26.2% to ₹1,514.3 crore against ₹1,200.1 crore in the corresponding period of the preceding fiscal.
6 / 14CESC | Power company reported a 5.4% year-on-year increase in net profit at ₹388 crore for the first quarter that ended June 30, 2024. In the corresponding quarter, it posted a net profit of ₹368 crore. The company’s revenue increased 12.8% to ₹4,863 crore against ₹4,310 crore in the corresponding period of the preceding fiscal.
7 / 14Sun TV | South-based TV broadcaster reported a 5.5% year-on-year decline in net profit at ₹559.8 crore for the first quarter that ended June 30, 2024. In the corresponding quarter, it posted a net profit of ₹592 crore. The company’s revenue dipped 2.7% to ₹1,312.4 crore against ₹1,349.2 crore in the corresponding period of the preceding fiscal.
8 / 14Balkrishna Industries | Leading off-highway tyre manufacturer reported a 47.6% year-on-year jump in net profit at ₹490 crore for the first quarter that ended June 30, 2024. In the corresponding quarter, it posted a net profit of ₹332 crore. The company’s revenue increased 25.7% to ₹2,714.5 crore compared to ₹2,159.4 crore in the year-ago period.
9 / 14Coffee Day Enterprises | Corporate dispute tribunal NCLT has ordered initiating insolvency proceedings against the parent company of Coffee Day Group which operates the Cafe Coffee Day chain of coffee houses. The Bengaluru bench of the NCLT on August 8 admitted the plea filed by IDBI Trusteeship Services claiming a default of Rs 228.45 crore.
10 / 14Suven Pharma | Biopharmaceutical firm Ltd reported a 49.6% year-on-year decline in net profit at ₹60.8 crore for the first quarter that ended June 30, 2024. In the corresponding quarter last year, it posted a net profit of ₹120.6 crore. The company’s revenue dipped 33.6% to ₹230.7 crore as against ₹347.6 crore in the corresponding period of the preceding fiscal.
11 / 14Honasa Consumer | The company reported a 63% year-on-year growth in its consolidated net profit at ₹40 crore for the quarter that ended in June. The same was ₹25 crore a year ago. Revenue from operations in the first quarter increased 19% year-on-year to ₹554 crore, compared with ₹464 crore in the same quarter of last year.
12 / 14Bajaj Consumer | FMCG firm reported a 19.7% year-on-year decline in net profit at ₹37.1 crore for the first quarter that ended June 30, 2024. In the corresponding quarter, it posted a net profit of ₹46 crore. The company’s revenue from operations dipped 9% to ₹245.9 crore against ₹270.2 crore in the year-ago period.
13 / 14Bharat Dynamics | State-run defence manufacturer reported an 82.8% year-on-year decline in net profit at ₹7.2 crore for the first quarter that ended June 30, 2024. In the corresponding quarter, it posted a net profit of ₹42 crore. The company’s revenue from operations slipped 35.8% to ₹191.2 crore against ₹297.7 crore in the year-ago period.
14 / 14360 ONE | Wealth management entity said its IPE-Plus Fund 1 did not make any investments in Adani Group shares. In a statement, the company said Sebi Chairperson Madhabi Puri Buch and her husband Dhaval Buch’s investments were less than 1.5% of the total inflow into the fund and no investors had any involvement in investment decisions.
Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
