Biocon Biologics receives Rs 1,125 crore capital investment from Goldman Sachs

Biocon Ltd. announced that its subsidiary, Biocon Biologics, has approved a capital injection of Rs 1,125 crore from Goldman Sachs. As per the agreement, Goldman Sachs will be issued Optionally Convertible Debentures at a post-money equity valuation of $3.94 billion (~Rs 26,633 crore). The transaction is subject to customary approvals and conditions.

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Ipca Labs Q2 Results: Net Profit rises 38% YoY to Rs 267 crore

Ipca Laboratories Ltd. reported a 38% year-on-year (YoY) increase in consolidated net profit to Rs 266.7 crore, for the quarter ended September (Q2). The company’s revenue from operations stood at Rs 1,361.1 crore, during the same period. The Mumbai-based pharmaceutical company has declared an interim dividend of Rs 8 per share.

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Meghmani Organics Q2 Results: Net Profit declines 3% YoY to Rs 81 crore

Meghmani Organics Ltd. reported a 3.79% year-on-year (YoY) decline in consolidated net profit to Rs 81.15 crore, for the quarter ended September (Q2). The company’s revenue increased by 17.51% YoY to Rs 625.63 crore, during the same period. Meghmani Organics is a Gujarat-based chemical manufacturing company.

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M&M to deliver 500 units of all-new Thar SUV pan-India in just 2 days

Mahindra & Mahindra Ltd (M&M) has announced that 500 units of its all-new Thar SUV are scheduled to be delivered between the 7th and 8th of November. The company has stated that this would mark the onset of its Diwali festivities in India. The deliveries are based on the sequence of bookings received for the available variants of Thar.

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D-Link India Q2 Results:  Net Profit falls 1.4% YoY to Rs 9.7 crore

D-Link India Limited reported a 1.41% year-on-year (YoY) decline in net profit to Rs 9.77 crore, for the quarter ended September (Q2). It had posted a net profit of Rs 9.91 crore in Q2 of the previous financial year. The company’s revenue declined by 3.78% YoY to Rs 184.24 crore, in Q2 FY21.

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Affle India Q2 Results: Net Profit up by 73% YoY to Rs 26 crore

Affle India Limited reported a 73% year-on-year (YoY) increase in consolidated net profit to Rs 26.98 crore, for the quarter ended September (Q2). The revenue of the company has increased by 59.29% YoY to Rs 134.95 crore, during the same period. Affle India is a global technology company that has a consumer platform and an enterprise platform.

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Atul Auto Q2 Results: Net Profit declines 88.48% YoY to Rs 2 crore

Atul Auto Limited reported an 88.48% year-on-year (YoY) decline in consolidated net profit to Rs 2.07 crore, for the quarter ended September (Q2). The company’s revenue declined by 55.90% YoY to Rs 75.14 crore, during the same period. As per data from the Federation of Automobile Dealers Association of India (FADA), Atul Auto has surpassed M&M in terms of market share in the three-wheeler segment in Q2 FY21.

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Amber Enterprises Q2 Results: Net Profit falls 85% YoY to Rs 1.6 crore

Amber Enterprises India Ltd. reported an 85.90% year-on-year (YoY) decline in consolidated net profit to Rs 1.66 crore, for the quarter ended September (Q2). It had posted a net profit of Rs 11.77 crore in Q2 of the previous financial year. Revenue of the AC-manufacturing firm declined by 34.55% YoY to Rs 407.93 crore in Q2 FY21.

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Sobha Q2 Results: Net Profit falls 75% YoY to Rs 16 crore

Sobha Limited reported a 75.82% year-on-year (YoY) decline in net profit to Rs 16.20 crore, for the quarter ended September (Q2). The revenue of the company declined by 33.41% YoY to Rs 522 crore, during the same period. Sobha is a multinational real estate developer based in Bangalore.

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Ujjivan SFB Q2 Results: Net Profit rises 3% YoY to Rs 96 crore

Ujjivan Small Finance Bank Ltd. reported a 3% year-on-year (YoY) increase in net profit to Rs 96 crore, for the quarter ended September (Q2). The bank’s net interest income (NII) increased by 21% YoY to Rs 470 crore, during the same period. NII is the difference between the income that a bank earns from its lending activities, and the interest in pays to depositors.

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