News Overview

The group's net debt at the end of FY24 was unchanged from ₹2.3 Trillion to ₹2.2 Trillion in FY24.

Among sectors, metal and power witnessed a rise of 1-2%, along with realty, while healthcare and Information Technology indices declined by 0.5% each.

Praj Industries posted a profit after tax (PAT) of ₹283 Crore for FY24, up from ₹240 Crore in FY23.

JEM will pioneer the launch of a 1-tonne commercial EV, equipped with Telematics for monitoring EV health and performance.

The action is anticipated to increase demand from the local renewable energy sector and other related sectors.

Delaporte resigned on April 6, and Srinivas Pallia, a 32-year company veteran, was appointed as his replacement. The company incurred ₹92.1 Crore in severance-related costs for Delaporte for FY24.

The board of directors recommended a dividend of ₹5 per share.

The BSE Midcap index fell by 0.11%, whereas the Smallcap index saw an increase of 0.54%. 

The board has recommended a final dividend of ₹0.85 per share (face value of ₹5) for the year ending March 31, 2024.

Since July 2018, Sandeep Batra, who oversees the Corporate Centre, has served as an Executive Director on the board of ICICI Bank.