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FY24 earnings makeover: IndianOil to MRF, companies rewrite profit playbook

The headline for corporate profit growth has been very encouraging in the July-September quarter (Q2) of 2023-24 (FY24), with the combined net profit of listed companies up by 38 per cent year-on-year.

However, the earnings distribution has been very lopsided, with most of the growth coming from public-sector oil-marketing companies (OMCs), banks, non-bank lenders, automobile (auto) companies, and cement producers.

By comparison, companies from information technology services, fast-moving consumer goods (FMCG), retail, and consumer durables were disappointed, experiencing a sharp slowdown in net sales growth and a relatively muted increase in reported net profit. ....

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EKI Energy Services partners with Indian Oil Corp to promote sustainable indoor solar cooking system, ET EnergyWorld

Eki: According to the statement, this strategic collaboration aims to promote Surya Nutan , IndianOil s innovative indoor solar cooking system. ....

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EKI Energy Services partners with Indian Oil Corp to promote sustainable indoor solar cooking system

EKI Energy Services partners with Indian Oil Corp to promote sustainable indoor solar cooking system
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Indian Oil Corporation: IEX divests 4.93pc equity stake in gas exchange platform to Indian Oil, ET EnergyWorld

Indian Oil Corporation: S N Goel, Chairman and Managing Director, IEX and Director, IGX said, "We are delighted to welcome IndianOil as a strategic partner in IGX. ....

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Indian Oil Corporation: IEX divests 4.93% equity stake in gas exchange platform to Indian Oil, ET Auto

Indian Oil Corporation: Energy exchange IEX and National Stock Exchange (NSE) are promoters of IGX, a gas exchange which has been set up to promote gas trading in the country. GAIL (India) Ltd, ONGC Ltd, Torrent Gas Pvt Ltd and Adani Total Gas Ltd are strategic investors in the natural gas trading platform. ....

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