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Man Industries Q2 Net Profit Surges 121.8% to Rs 82.02 Crore
The industrial firm saw revenue grow 45.1% during the September quarter, bolstered by an exceptional gain of Rs 24.69 crore.
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Man Industries reported a 121.8% year-on-year rise in Q2 net profit to Rs 82.02 crore. Revenue from operations increased 45.1% to Rs 1,210.35 crore, and the company recorded an exceptional gain of Rs 24.69 crore during the quarter. In a separate update, Manappuram Finance reported consolidated Q2 net profit of Rs 701 crore, up 218.6% year on year, while total income rose 48.2% to Rs 3,372 crore. Reliance Power reported a 65.5% decline in consolidated net profit to Rs 30 crore; revenue from operations fell 7.3% to Rs 1,830 crore, and EBITDA declined 17.2% to Rs 512 crore, with margins contracting to 28%.
The industrial firm saw revenue grow 45.1% during the September quarter, bolstered by an exceptional gain of Rs 24.69 crore.
Read the full story