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The company declared a third interim dividend of ₹6 per share (60% on a face value of ₹10) for FY25.

The sector is also looking for greater investment in EV charging stations and energy storage systems, which are necessary for a smoother transition to green mobility.

The currency has been under pressure, thus stabilizing it involves injecting Rs 600 billion into banks

Revenue from operations was at ₹34,253.52 crore, which was 8% QoQ growth on the back of higher gas demand, against ₹31,822.62 crore in the preceding quarter

Top gainers in Nifty include Tata Cons. Prod (6%), Nestle (5.37%), Bharat Elec (5.09%), Trent (4.8%).

Revenue grew 7% year over year to ₹3,255 crore, as compared with ₹3,043 crore during the same quarter of last fiscal year

The company’s revenue for the quarter registered an increase of 116% y-o-y to ₹3,457 Crore as compared to ₹1,596 Crore.

EBITDA grew 48% YoY at ₹210 crore, from ₹142 crore in the same quarter last year, marking better profitability.

Adjusted EBITDA increased by 188% YoY to ₹60 crore compared to ₹21 crore in the previous year, showing a good improvement in profitability.

Biocon's EBITDA increased by 16% YoY to ₹787 crore, which shows improved operational performance.