The letter to the authorities requesting an investigation follows allegations of fraud and other violations made against the Burman family.
The collaboration highlights strategic Indo-French cooperation, emphasizing the joint development and manufacture of aircraft engines
However, the company's consolidated income fell to Rs 3,112.02 crore.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) rises to Rs 1373.5 crore, with a margin of 19%
According to a regulatory statement, its consolidated net profit for the quarter that ended on September 30, 2022, was Rs 445.44 crore.
Recommendation: Reduce; Target Price: Rs 1135
The infusion of funds will be utilized for R&D, capital expenditures, and fulfilling operating needs in India and the UK.
Recommendation: Buy; Target Price: Rs 115
Foreign Institutional Investors (FIIs) offload equities worth Rs 1,712.33 crore on Thursday
Profit After Tax (PAT) shows a 5.3% YoY decrease, settling at Rs 129.9 crore
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