
Balaxi Pharmaceuticals consolidated net profit declines 95.52% in the June 2025 quarter
Net profit of Balaxi Pharmaceuticals declined 95.52% to Rs 0.29 crore in the quarter ended June 2025 as against Rs 6.48 crore during the previous quarter ended June 2024. Sales rose 7.80% to Rs 70.74 crore in the quarter ended June 2025 as against Rs 65.62 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 70.7465.62 8 OPM % 5.8715.38 - PBDT 1.377.87 -83 PBT 0.907.37 -88 NP 0.296.48 -96

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Indian Express
19 minutes ago
- Indian Express
Delhi HC quashes proceedings against ex-Canara Bank executive director accused of graft in 2018
The Delhi High Court quashed criminal proceedings initiated by CBI against a former executive director of Canara Bank accused of allegedly causing loss to the bank by sanctioning a loan proposal, and reiterated that the absence of specific incriminating evidence in collective institutional decision-making processes can't be 'construed as constituting criminal misconduct.' Ashok Kumar Gupta, who retired as executive director of the bank in 2014, was arraigned as an accused for the first time in a chargesheet filed by the Central Bureau of Investigation in 2018 in relation to a case where a jewellery trading company, Occasion Silver Private Limited (OSPL) allegedly fraudulently obtained Rs 68 crore from the bank as loan in 2013 by misrepresenting its books, along with allegations of oversight by the bank's officials. While Gupta was not named as an accused in the CBI FIR lodged in January 2016, the agency had filed a chargesheet in 2018 against nine people for criminal conspiracy, cheating, as well as for offences under the Prevention of Corruption Act. CBI said Gupta was implicated as an accused as he was part of the Executive Director-Credit Approval Committee (ED-CAC), which sanctioned the proposal for the loan. Justice Amit Mahajan, discharging Gupta, in an order dated August 14, noted the absence of prima facie or specific evidence against him of gaining pecuniary advantage from the decision of sanctioning the loan. The court also held that continuing the proceedings against him 'would serve no useful purpose and would subject the petitioner to unwarranted harassment'. The order was made public Wednesday. Gupta was represented by Senior Advocate Vikas Pahwa and Advocate Sumer Boparai, The court observed that the 'allegations are vague, unsupported by material evidence, and based on conjectures arising out of collective institutional decision-making', and noted that while the sanction for loan was made collectively by ED-CAC, which was a nine-membered committee, 'not all members of the ED-CAC, nor all Directors of the Board, have been proceeded against.' The court also took into consideration that the decision to sanction the loan to the company was taken after the proposal had passed through several levels of scrutiny within the Bank. Relying on judicial precedents set by the Supreme Court, Justice Mahajan held that Gupta, who was only one among several members collectively sanctioning the proposal, 'cannot be singled out along with a few others and burdened with criminal liability.'


New Indian Express
19 minutes ago
- New Indian Express
Tamil Nadu farmers' body seeks Rs 30,000 per acre subsidy as cotton prices set to fall after import duty waiver
COIMBATORE: The union government should provide cotton farmers production subsidy as crop prices are set to drop with the temporary removal of 11% import duty on the fibre crop, demanded a state farmers' organisation. The selling price of cotton is likely to fall by up to Rs 2,000 per quintal as the central government has now removed the import duty, cotton farmers stated. The price drop could result in an average loss of Rs 30,000 per acre for farmers. The lack of government cotton procurement in Tamil Nadu has adversely affected farmers, they added. "With the US imposing a 50% tariff on Indian goods, the union government has now waived the 11% import duty on cotton till September 30 to protect Indian textile manufacturers and provide them with relief. This is likely to be extended indefinitely," said Esan Murugasamy, founder of Tamilaga Vivasayigal Pathukappu Sangam. "To compensate for the loss to farmers due to the government's import duty waiver, the central government should provide Rs 30,000 per acre as production subsidy and save the farmers," he demanded. He also cited the low Minimum Support Price for the cash crop in Tamil Nadu.


New Indian Express
19 minutes ago
- New Indian Express
Tamarind trade centre in Dharmapuri will boost prospects, say farmers in TN
DHARMAPURI: The Tamil Nadu government's announcement to set up an Integrated Tamarind Trade Centre, with a processing complex, for Rs 11.30 crore has delighted farmers in Dharmapuri. 10,000 farmers and 20,000 labourers stand to directly benefit from the centre, which was announced by Chief Minister MK Stalin on Sunday. Dharmapuri is among the largest producers of Tamarind, with an output of about 8,180 metric tonnes (MT) annually, about 12.6% of the state's production. However, over 60,000 MT of tamarind procured from other states are sent to the southern districts. Due to a lack of market, local farmers and traders incur an additional 10% cost in private markets towards market fees and transportation, losing about Rs 2 crore annually. Tamarind Traders Welfare Association president Pachamuthu Baskar said, "In Dharmapuri, there are about 4,405 acres of tamarind trees, and over 20,000 labourers are involved in processing the tamarind. While most of the tamarind is procured from states like Andhra Pradesh and Karnataka, over 60,000 MT of tamarind is processed here and sent to other districts.