Stay updated with breaking news from Q1 profit. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Luxembourg-based company said its EBITDA increased by 34.6 percent at $1.96 billion, higher than the company's forecast of $1.81 billion. Sales in the first quarter were 11.9 percent higher at $16.3 billion compared to $14.6 billion in 4Q2023, reflecting higher average steel selling prices ....
During the quarter, Adani Wilmar’s consolidated revenue from operations declined due to the softening edible oil prices. At Rs 13,238 crore, its operating revenue was 4.6% lower than Rs 13,873 crore, reported in the year-ago period.
Even though earnings saw a recovery in the last quarter, some analysts believe the overall growth will be a bit uneven, given that several pockets are yet to see a visible recovery. ....
Among index majors, Axis Bank, UPL, Oil and Natural Gas Corporation, and Sun Pharmaceutical Industries witnessed a rebound in earnings in the June quarter. ....
Profitability increased both on a YoY and sequential basis across sectors, led by stable-to-higher product prices and stable-to-lower raw material prices. Among the 40 companies were four public sector banks, including the countrys largest lender State Bank of India. ....