News Overview

Despite this setback, IREDA shares have surged by 150% over the past six months, outperforming the benchmark Nifty 50 index, which recorded gains of around 15% during the same period.

Two-wheeler sales saw a significant rise of 27%, reaching 3,13,885 units compared to 2,47,002 units YoY.

According to the state-owned miner, it has achieved its best-ever annual physical performance, surpassing 45 MT, making it the first mining business in the nation.

IT, Financial Services, Healthcare, and Pharma sectors experienced declines of 0.60%, 0.16%, 0.17%, and 0.04%, respectively.

In Q3, the company reported a consolidated net profit of ₹135 Crore for the quarter ending December 2023, a 61% YoY increase from the previous fiscal's ₹84 Crore.

The agreement with EDC secured full ownership of 13 Q400 aircraft, resolving liabilities of nearly $91 million and yielding savings of ₹567 Crore.

The Alto, S-Presso, Baleno, Celerio, Dzire, Ignis, Swift, Tour S, and WagonR are all part of Maruti Suzuki's Mini & Compact sector. Sales of these vehicles decreased by 2% year over year to 81,673 in March 2024 from 83,414 in March 2023. In the same time frame, UV sales recorded 58,436 units, a YoY growth of 57.7%.

With 21,317 units sold, domestic sales were 7% less than the same period the previous year.

Jio solidified its position in the telecom market with the addition of 41.78 lakh wireless subscribers, resulting in a total mobile user count of 46.39 Crore following the January gains.

The company is assessing the impact of these orders on its financial statements for the quarter and year ending March 31, 2024.