News Overview

In Q2FY25, company continued to produce y-o-y growth and profitability, acquiring two notable clients and maintaining a 100% renewal rate.

According to a stock exchange filing, JSW Energy has signed a 25-year agreement to supply solar power at a cost of ₹2.56/kW.

The gross non-performing asset (GNPA) ratio was 0.88% in the September quarter, compared to 0.91% in the June quarter.

The debt-ridden telecom may request a waiver from the Department of Telecommunications (DoT) for the payment of these guarantees.

The company's revenue increased 8% QoQ to ₹1,471 Crore from ₹1,365 Crore in the previous June quarter.

However, India's largest insurance provider, Life Insurance Corporation of India (LIC), reduced its investment during the quarter to 6.72%.

After onboarding was delayed earlier in the year in accordance with RBI regulations, this clearance was conveyed via a letter dated October 22, 2024.

In constant currency (CC) terms, revenue for the quarter was Rs 3,062.3 crore, up 33% year over year and 26.3% quarter over quarter.

In its exchange statement for the September quarter results, the company noted the receipt of the SCN without providing any other information.

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