Marico

Profit jumps 20.3% to Rs 433 crore Vs Rs 360 crore. Revenue increases 7.6% to Rs 2,664 crore Vs Rs 2,476 crore. EBITDA rises 5% to Rs 522 crore Vs Rs 497 crore. Margin drops 50 bps to 19.6% Vs 20.1%

Voltas Q2 (Consolidated YoY)

Profit zooms 272.6% to Rs 132.8 crore Vs Rs 35.7 crore. Revenue grows 14.2% to Rs 2,619.1 crore Vs Rs 2,292.8 crore. EBITDA jumps 130.8% to Rs 162.2 crore Vs Rs 70.3 crore. EBITDA margin expands 314 bps to 6.2% Vs 3.06%. Profit plunges 60.3% to Rs 132.8 crore Vs Rs 335 crore (QoQ). Revenue tanks 46.8% to Rs 2,619.1 crore Vs Rs 4,921 crore (QoQ)

Welspun Enterprises Q2 (Consolidated YoY). 

Profit increases 7.7% to Rs 70.1 crore Vs Rs 65.1 crore. Revenue jumps 22.1% to Rs 788.5 crore Vs Rs 645.7 crore. Board appoints Abhishek Chaudhary as Chief Executive Officer of the company, effective November 4. Board approves acquisition of additional 9.99% equity stake in Welspun Michigan, from Patel Engineering.

Motisons Jewellers Q2 (YoY). 

Profit jumps 100.6% to Rs 10.4 crore Vs Rs 5.2 crore. Revenue grows 21.3% to Rs 109.3 crore Vs Rs 90.1 crore

Torrent Pharmaceuticals

Promoter Torrent Investments is likely to sell up to 2.9% of its stake in Torrent Pharma via block deals, reports CNBC-TV18, quoting sources. The floor price is set at Rs 3,022.71 per share, with a base size of the issue at Rs 2,500 crore and an upsize option of Rs 500 crore. Torrent Investments held a 71.25% stake in Torrent Pharma as of September 2024.

Reliance Industries

The company's subsidiary, Reliance New Energy, presently holds a 92.01% equity stake in Faradion. Reliance New Energy has acquired the remaining equity stake from the existing shareholders of Faradion on October 28. With this acquisition, Faradion has now become a wholly-owned subsidiary of Reliance New Energy.

RITES

The transport infrastructure consultancy has signed a Memorandum of Understanding (MoU) with SAIL-Bokaro Steel Plant (SAIL-BSL), under the Ministry of Steel, to collaborate on project management consultancy for rail connectivity works. These consultancy works involve both existing and new railway tracks across various sites within the Bokaro Steel Plant in Jharkhand.

Fortis Healthcare

The company has received approval from the Competition Commission of India (CCI) for the acquisition of the entire stake held by the International Finance Corporation, NYLIM Jacob Ballas India Fund III LLC, and Resurgence PE Investments in Agilus Diagnostics. Agilus is a material subsidiary of the company.

Sar Televenture

The Board has given its approval for the company to acquire a 91% stake in Tikona Infinet from the existing shareholders for Rs 669.04 crore. The amount will be paid via a cash payout of Rs 374.85 crore and a share swap of Rs 294.19 crore. Tikona provides wireless broadband services for home and enterprise customers in India.

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