The primary factor contributing to the lower sales was a significant 15% drop in two-wheeler dispatches
The company sold 3,91,310 units in July 2023, compared to 4,45,580 units last year.
July sales rose 32 % year-on-year to 73,117 units.
The 200 MW and 150 MW solar projects are estimated to be operational by mid-2025.
The company's net profit increased to Rs 726 crore, up from Rs 566 crore in the year-ago period.
On FY24 growth expectations, Anup Bagchi said “If you look at month-on-month growth, our May and June were better than April. For the quarter there was a little bit of compression on the margin and the APE. So that led to a little bit of compression on VNB.”
The NCLT order had rejected IDBI Bank's plea to initiate insolvency proceedings against Zee Entertainment
The company's net profit fell by 70% on a QoQ basis.
The lessors have determined that the airline's equity stake is worth Rs 48 per equity share.
On the sectoral front, Nifty Auto index is trading nearly 2% lower.
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