Stocks in news: Zomato, Airtel, SBI, M&M, Vedanta, Eicher Motors
Airtel's consolidated net profit was flat at Rs 1,612 crore, hit by an exceptional loss due to Nigerian currency devaluation.
Source: indiatimes.com
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M&M Q1 Results: Net Profit Surges 59.8% YoY To Rs 3,508 Crore, Revenue Up 17.5%
Mahindra and Mahindra Q1 Results: Its revenue from operations during April-June 2023 jumps 17.57% YoY to Rs 33,406.44 crore
Source: news18.com
M&M Q1 Results: M&M Q1 Results: Profit nearly doubles to Rs 2,774 crore; revenue jumps 22% YoY
The company reported an EBITDA (earnings before interest, tax, depreciation, and amortisation) of Rs 3,547 crore during the first quarter, which was 46% higher than compared to the same quarter last year.
Source: indiatimes.com
M&M Q1 results: Profit jumps 60% to Rs 3,508 crore; revenue up 18%
M&M said revenue from operations jumped 17.57 per cent YoY to Rs 33,406.44 crore for the June quarter compared with 28,412.38 in the corresponding quarter last year.
Source: businesstoday.in
mahindra: Won't increase stake in RBL unless the reasons are compelling enough: Mahindra Group MD & CEO
Mahindra & Mahindra is unlikely to increase its stake in RBL Bank unless theres a compelling reason to do so in line with the companys capital allocation guidelines, the companys top official said, seeking to assuage investor concerns on the tractor- to-technology conglomerate straying on the path to fiscal discipline, it embarked upon a couple of years ago. Since the announcement of the stake purchase by the company, M&M investors have lost Rs 1,32,00 crore.
Source: indiatimes.com