In the second quarter of this fiscal, EBITDA increased by 25.4% to ₹151.9 Crore from ₹121 Crore in the previous quarter.
The contract involves the supply of electronic assemblies to Lockheed Martin, with the full execution of the order to be completed within 12 months.
Over the next three quarters, the fuel price is anticipated to progressively decline by 12% from Q2FY25 levels.
LIC's ownership of NSE-listed companies dropped from 3.64% in the previous quarter to an all-time low of 3.59%.
In August of this year, HG Infra Engineering was announced the lowest bidder (L1) for a road upgrade project in Gujarat.
The NFO is available for subscription from November 08 to November 22, 2024.
The PSU oil giant's revenue for Q2 was ₹33,881 Crore, down 4% from ₹35,266 Crore in the previous quarter.
In the second quarter of this fiscal year, EBITDA increased by 16.4% to ₹1,385.7 Crore, up from ₹1,191 Crore in the same period last year.
Revenue from operations saw a notable growth of 12.3%, reaching ₹1,988.4 Crore, compared to ₹1,770 Crore YoY.
The company's EBITDA margins also fell, to 13.9% from 15.6% a year ago, showing persistent challenges on operating efficiency and cost control.
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