From ₹1,881 Crore a year earlier to ₹1,369 Crore for the quarter that ended on March 31st, net profit decreased.
At the time of writing, the broader market showed resilience, with the BSE MidCap index gaining 0.73% and the BSE SmallCap index rising by 0.89%.
The company attributed this significant growth to robust performance in Individual New Business premium (IWNBP) income and strong investment results.
The exact configuration of the newly ordered aircraft will be determined later, with deliveries expected to commence from 2027, as per the company's regulatory filing.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) also witnessed a decline from ₹50 Crore to ₹34.5 Crore year-on-year.
UTI AMC holds the highest costs as a percentage of AUM at 26bp for FY24 among its listed peers, mainly due to steep costs in non-officer category employees.
Vodafone Idea's stock price was ₹13.45 on the NSE at 12:20 p.m., down 3.24% from the previous closing.
According to the existing permit deadlines, Tata Steel anticipates ordering equipment for the electric arc furnace by September 2024
Approval from lenders comprising 75% by value is necessary for the demerger, with consent secured from multiple private lenders already.
U.S. West Texas Intermediate crude futures increased by 33 cents, or 0.39%, to $83.90 a barrel, while Brent crude futures gained 34 cents, or 0.38%, to $89.35 a barrel.
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