Chairman Shrikant Vaidya: IOC targets $1 trillion revenue by 2047
IOC posted a record net profit of Rs 39,619 crore ($ 4.7 billion) on a revenue of Rs 8.66 trillion ($ 104.6 billion) in the 2023-24 (April 2023 to March 2024) fiscal.
IOC posted a record net profit of Rs 39,619 crore ($ 4.7 billion) on a revenue of Rs 8.66 trillion ($ 104.6 billion) in the 2023-24 (April 2023 to March 2024) fiscal.
However, sequentially net profit of the lender was down 2 per cent from Rs 16,511.85 crore in Q4FY24 due to lower income growth and higher tax expenses.
Reliance Jio Infocomm reported a net profit of Rs 5,445Cr for the quarter ended June 30, 2024, which was up by 12% over Rs 4,863 crore reported by the company iyear-ago
The company's EBITDA margin experienced a sharp decline, down 422bps YoY, at 18.9% in Q1 FY25 and EBITDA fell 20% YoY to ₹1,690 crore,due to an increase in employee cost
Home services provider Urban Company has raised $50 million from Dharana Capital, an India-focused growth-stage technology and consumer investment firm.
Today, Indian equity benchmark indices began the trading session on a positive note, with the NIFTY50 making a fresh all-time high and SENSEX trading in the green.
Zomato's quick commerce arm Blinkit turned adjusted EBITDA positive in March. In Q4 of FY24, the firm delivered a consolidated net profit of Rs 175 cr after which brokerages raised target prices.