For the quarter, the company declared net revenue of Rs 1,864 Crore, a growth of 1 per cent over the corresponding quarter of the previous year
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The company expects restructuring costs between USD 11 million and USD 13 million in the fourth quarter, with the plan set to conclude by year-end
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Titan recorded a consolidated income of Rs 13,660 crore in the recently concluded quarter, an increase from Rs 10,837 crore in Q2FY24
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The Nasdaq-listed company posted a net profit of USD 582 million, up 2.8 per cent sequentially and 10.8 per cent year-over-year. Quarterly revenue also saw a steady climb, reaching USD 5 billion, an increase of 4 per cent from the previous quarter and 3 per cent compared to the same period last year
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Tata Technologies reported a slight dip in its consolidated net profit for the second quarter ending 30 September 2024, with earnings of Rs 157 crore, a 2 per cent decrease from Rs 160 crore in the corresponding quarter of the previous year
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Founder and CEO Ritesh Agarwal attributed the profitability to the company's focus on premiumisation, particularly through the launch of company-serviced hotels under the Townhouse brand and other offerings
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The company's cigarette segment, a key driver of its revenue, saw a 7 per cent YoY growth, with revenue reaching Rs 8,879 crore, while the segment’s profit before tax (PBT) increased by 5 per cent to Rs 5,242 crore. ITC's FMCG-others division also delivered steady growth, with revenues rising 5 per cent to Rs 5,585 crore, although the PBT grew only marginally to Rs 444 crore
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The Manufacturing sector emerged as the largest revenue driver, contributing 41.2 per cent of total revenue, up from 39.2 per cent in the previous quarter and 40 per cent YoY
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The order intake for the quarter totaled USD 516 million, making it the eleventh consecutive quarter where orders remained above the USD 300 million mark
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Aurionpro Solutions CEO Ashish Rai discusses the company’s Q2 results, stressing upon the demand environment, the necessity for safe scaling and the recalibration of the Technology Innovation Group (TIG) segment as company looks towards future growth
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