Swelect Energy Systems net profit falls 46% to ₹4.03 cr in Jun qtr

Time of India

3 days ago

New Delhi:
Swelect Energy Systems
on Wednesday reported a 46 per cent decline in its net profit to ₹4.03 crore in the June 2025 quarter against ₹7.42 crore in the year-ago period.
The company's total income also declined to ₹76.43 crore in the quarter from ₹78.59 crore a year ago.
The Board also approved the investment in the equity share capital of ESG Green Energy Private Ltd (wholly-owned subsidiary) up to ₹21 crore for setting up a 16 MW solar power plant.
SBI Life Insurance launches new term insurance plan
SBI Life Insurance on Wednesday launched a term insurance plan offering increasing cover and whole life benefits.
Christened as 'SBI Life-Smart Shield Plus', this plan will increase the sum assured by 5 per cent every year, up to a maximum of 200 per cent of the sum assured, according to a statement.
Manappuram Foundation inaugurates corporate office in Mumbai
Manappuram Foundation inaugurated its 'corporate office' in the financial capital on Wednesday.
The work of the corporate social responsibility arm of the non-bank financier is focused on offering palliative medical care, among other initiatives, a statement said.