Revenue for the quarter inched up 3.2% to ₹809 crore. This is reflecting a steady performance in the company’s bearings and mechanical power transmission businesses.
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The company also informed that its diluted earnings per share (EPS) slipped by 20.10% on a yearly basis to ₹10.60.
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EBITDA for the quarter also resulted in a loss of ₹954 Crore. In the same quarter, the business posted an EBITDA loss of ₹544 Crore.
The company’s net profit came in at ₹148.30 Crore. In the year-ago period, the business reported a net profit of ₹141.80 Crore.
This marks a significant improvement from the ₹64.3 crore profit recorded in the same period last year.
The Bengaluru residential asset contributed ₹439 crore in revenue during the quarter.
The market reaction followed Kousgi's resignation announcement on October 28. He cited personal career aspirations as the reason for stepping down.
The company reported total insurance premiums of ₹6,616 crore, marking a 36% growth over last year.
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