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Due to strong inflation's impact on consumption, the domestic FMCG company recorded a 2.85% fall in its consolidated net profit after tax to Rs 490.86 crore for the second quarter.
For the second quarter that ended September 30, the pharmaceutical company reported a 20.14% fall in consolidated net profit after tax at Rs 241.24 crore due to lower sales and greater expenses.
The two-wheeler manufacturer made known that it has teamed with Terrafirma Motors Corporation to assemble and distribute its vehicles in Philippines.
The pharmaceutical company claimed that the US health authority has placed import alerts on its Baddi production facility.
Through an open market transaction, Nomura Singapore sold its 1.52% ownership, or 26,39,673 shares, in the private sector lender for more than Rs61.31 crore.
The rental division of the real estate firm, DCCDL, reported a 12% growth in office rental income to R s801 crore and a 54% increase in retail property revenue to Rs 184 crore during the three months ended September 30.
As part of its efforts to strengthen its balance sheet, the PSU lender will list non-performing assets worth Rs 960 crore for sale, according to news reports.
In the September quarter, the financial services provider recorded an increase in its consolidated net profit of 36% to Rs 397 crore.
The pharmaceutical company announced that the USFDA has given its generic Micafungin injectable, which is used to treat various fungal infections, final approval to be marketed.
The company has completed an 8.87 MWp solar power installation at Budhni in Madhya Pradesh.
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