Priyanka Roy

L&T Finance Limited reported its financial results for the quarter ended September 30, 2024, with total revenue from operations growing 25% year-on-year to ₹4,019.34 crore from ₹3,213.84 crore in Q2 FY24. The growth was driven by higher interest income, fee and commission income across its key business segmentsThe company's net profit grew 16.8% to ₹695.58 crore compared to ₹595.11 crore in the same period last year, while its profit before tax stood at ₹939.57 crore, up 17.8% from ₹797.39 crore in Q2 FY24.Total comprehensive income also witnessed a significant growth, rising 19.1% year-on-year to ₹700.79 crore.Earnings per share (EPS) witnessed…

Hindustan Zinc Ltd (HZL) is set to announce its results for the September 2024 quarter (Q2FY25) and first half of current fiscal year (H1FY25) on Friday, October 18.Hindustan Zinc Ltd (HZL) is set to announce its results for the September 2024 quarter (Q2FY25) on Friday, October 18 as the analysts tracking the stock believe that the metal player is likely to report a strong set of numbers on a year-on-year (YoY) comparison, while the numbers may remain flattish or muted on quarter-on-quarter (QoQ) basis.Brokerages are expecting net profit, Ebitda and revenue to rise sharply on yearly comparison but mild pressure can…

New Delhi: Prices of several essential medicines used in the treatment of ailments such as asthma, glaucoma, thalassemia, tuberculosis and mental health disorders are expected to rise with the government approving a 50% increase in their maximum price.About the reason behind this decision, the government said in a statement on Monday, “The National Pharmaceutical Pricing Authority (NPPA) had been receiving applications for price increase from manufacturers citing various reasons such as rising cost of active pharmaceutical ingredients, increase in production cost, change in exchange rates, and more, resulting in the unviability of continued production and marketing of medicines.Companies have also…

Shares of HDFC Bank, the country's largest private lender, jumped over 2% in early trade as it prepares to announce its Q2 results on October 16. The stock was trading 2.11% higher at Rs 1,685 on the Bombay Stock Exchange (BSE), contributing significantly to the early inflation on Dalal Street. Investors are showing more interest in HDFC Bank shares, expecting a positive performance in the upcoming quarterly results.Brokerage firm Arihant Capital, which maintains a buy rating on the stock, said it is trading sideways after six days of decline. The firm predicted a "pullback rally" and highlighted that the momentum…

Foreign institutional investors (FIIs) were net sellers in the capital market on Friday, selling shares worth Rs 9,896.95 crore on a net basis in the cash segment, according to exchange data.The rupee rose by 2 paise to 83.97 against the US dollar in early trade on Monday due to weakening of the dollar in the international market and fall in crude oil prices.According to forex traders, the domestic currency got further boost as the country's foreign exchange reserves hit a new all-time high of USD 704.88 billion on Friday.However, he said escalation of conflict in the Middle East and FII…

Kolkata, Oct 06 (PTI) Private sector Bandhan Bank's total business grew 24.6 per cent in the second quarter of the current financial year. The bank gave this information in a regulatory filing to the stock exchanges.Total turnover reached Rs 2,73,163 crore by the end of September 30, 2024, as against Rs 2,19,712 crore in the previous corresponding period, registering a growth of 24.6 per cent.The bank's loans and advances stood at Rs 1,30,652 crore at the end of the current second quarter, while deposits reached Rs 1,42,511 crore, the bank said.The collection efficiency ratio across all business lines of the…

Vedanta said it recorded aluminium production of 1,205 kilotonnes in the first half of FY25, while its alumina production grew 21 per cent during the same period.Shares of Vedanta Ltd rose marginally in Friday's trade after the Anil Aggarwal-led company said it recorded its highest ever quarterly and half-yearly aluminium production for the period ended September 30. Zinc India recorded its highest ever mined and refined metal production in the second quarter, the metals and mining major said.Following the development, the stock was trading 0.05 per cent higher at Rs 512.05 in early deals. At its meeting on Tuesday, October…