Foseco India standalone net profit rises 36.72% in the March 2025 quarter
Sales rise 21.18% to Rs 148.51 crore
Net profit of Foseco India rose 36.72% to Rs 21.67 crore in the quarter ended March 2025 as against Rs 15.85 crore during the previous quarter ended March 2024. Sales rose 21.18% to Rs 148.51 crore in the quarter ended March 2025 as against Rs 122.55 crore during the previous quarter ended March 2024. Particulars Quarter Ended Mar. 2025 Mar. 2024 % Var. Sales 148.51122.55 21 OPM % 18.3916.21 - PBDT 31.4923.43 34 PBT 29.1521.26 37 NP 21.6715.85 37
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
32 minutes ago
- Time of India
Long-pending central govt's infra projects in Belagavi back on track
Belagavi: Several long-pending central govt's infrastructure projects in and around Belagavi are finally gaining momentum after years of delay, primarily due to land acquisition hurdles. The breakthrough comes with the combined efforts of DC Mohammad Roshan and Belagavi MP Jagadish Shettar , who took these stalled projects as a top priority. Key among them is the much-awaited Belagavi-Dharwad railway line via Kittur, a 73-km project sanctioned in 2019 during the tenure of former MP and MoS for railways, the late Suresh Angadi. Despite funding from the Centre, the project was held up for years due to land-related issues. However, DC Roshan recently announced that land acquisition is now complete, and the work is expected to commence shortly. The Halaga-Macche bypass highway, a vital route connecting Pune-Bengaluru NH-4 and Belagavi-Goa national highway, sanctioned in 2009, also faced prolonged delay due to legal land disputes. With the district administration actively mediating and convincing landowners, the impasse has been resolved, and construction is underway. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Use an AI Writing Tool That Actually Understands Your Voice Grammarly Install Now Undo Another major infrastructure project, the Belagavi Ring Road was sanctioned in 2018. The Rs 3,800 crore project to be executed in three phases, received Rs 1,622 crore for the first phase of 34 km. DC Roshan recently confirmed that 80% of the land acquisition is now complete. This ambitious project, sanctioned under the Bharatmala project, will help resolve the traffic congestion in Belagavi city. "Most of these projects were delayed despite being sanctioned, because of land-related issues. After I became MP, I prioritised these issues, met Union ministers, held review meetings with officials, and visited the sites. Today, we are seeing the results. I expect the required land to be fully acquired in the next 2-3 months and the tender process to begin within 5-6 months," said MP Jagadish Shettar. He credited DC Mohammad Roshan for playing a vital role in resolving bureaucratic and on-ground challenges related to land acquisition. In addition, Shettar informed that land acquisition for Belagavi-Hunagund-Raichur highway, a Rs 1,452 crore project, has also reached near completion. He further assured that the new terminal at Belagavi airport will be ready by March 2026, marking a step toward upgrading the facility to international standards.
Time of India
35 minutes ago
- Time of India
Mining industry seeks Rs 15,000 per kWh subsidy for electric trucks
The domestic mining industry has sought a Rs 10,000 to Rs 15,000 per kWh subsidy on electric Heavy Earth Moving Machinery (HEMM) to encourage their use. According to a report by the Federation of Indian Mineral Industries (FIMI), the upfront costs of electric trucks is a major entry barrier to their adoption. 'Electric trucks and other HEMMs are currently priced at nearly three times (3x) that of their diesel counterparts. Such price disparity discourages potential buyers,' a FIMI report said. The industry body report also recommended a 5% Goods and Services Tax rate on retrofit kits used to convert diesel trucks to electric. 'Retrofit kits currently do not have a dedicated classification. Instead, the individual components of these kits are taxed separately often at rates exceeding 18% which undermines the economic viability of retrofitting,' the report said.
&w=3840&q=100)
Business Standard
38 minutes ago
- Business Standard
TA Associates exits AU Small Finance Bank; sells 1.26% stake for ₹714 cr
Private equity firm TA Associates on Tuesday exited AU Small Finance Bank by selling its entire 1.26 per cent stake in the company for Rs 714 crore through an open market transaction. According to the bulk deal data available on the BSE, US-based TA Associates through its arm TA FDI Investors sold 93.90 lakh shares, amounting to a 1.26 per cent stake in Jaipur-based AU Small Finance Bank (AU SFB). The shares were disposed of at an average price of Rs 760.07 apiece, taking the deal value to Rs 713.78 crore. Details of the buyers of AU SFB's shares could not be ascertained on the BSE. Shares of AU Small Finance Bank fell 0.93 per cent to close at Rs 764.70 apiece on the BSE. In a separate block deal on the BSE, Morgan Stanley Asia (Singapore) sold 1.25 lakh shares of Bajaj Finserv for Rs 25 crore through an open market transaction. The shares were offloaded at an average price of Rs 1,983.8 apiece, taking the deal value to Rs 24.80 crore. These shares were acquired by Paris-based BNP Paribas through its affiliate BNP Paribas Financial Markets at the same price. The scrip of Bajaj Finserv slipped 0.92 per cent to settle at Rs 1998.35 apiece on the BSE.
