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IREDA and Waaree Renewable report profit growth in 2024–25

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Indian Renewable Energy Development Agency Limited (IREDA) has posted a net profit of Rs 16.98 billion for 2024–25. This marks a 35.62 per cent rise from Rs 12.52 billion in the previous year. The company’s total income increased by 36.07 per cent to Rs 67.56 billion, up from Rs 49.65 billion in 2023–24. Waaree Renewable Technologies Limited also reported a significant jump in profitability. Its net profit rose to Rs 2.29 billion in 2024–25, up…

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Coal India reports 22% decline in Q2 net profit

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Coal India Limited (CIL) has reported a net profit of Rs 62.75 billion for the quarter ending September 2024, marking a 22.04% decrease from Rs 80.49 billion in the same quarter last year.  The company’s total income for the quarter stood at Rs 321.78 billion, down approximately 7.43% from Rs 347.60 billion in the corresponding period of the previous year.

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Patel Engineering reports 151% profit surge in Q2 FY25

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Patel Engineering Limited announced a net profit increase of 151% year-over-year for Q2 FY25.  For the quarter ending September 30, 2024, the company reported a revenue increase of 14.98%, reaching Rs 11,743 million, driven by progress in hydropower, irrigation, and tunnelling projects. The operating EBITDA rose by 15.8% to Rs 1,622 million, while the net profit margin improved to 6.88%. The company’s order book stood at Rs 172,607 million, with Patel Engineering recently being declared…

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Inox Wind reports Rs 902.2 million profit in Q2 FY24, income up 93%

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Inox Wind Limited has announced a net profit of Rs 902.2 million for the quarter ending September 2024, contrasting with a loss of Rs 292.3 million in the same quarter last year.  Total income rose significantly, increasing by 93 percent to Rs 7,417.4 million, compared to Rs 3,844 million in the same period the previous year.