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REC and PFC post Q1 results with record profits

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REC Limited and Power Finance Corporation (PFC) have both posted significant profit growth for the first quarter of FY26. REC reported its highest-ever quarterly net profit of Rs 4,451 crore, marking a 29 per cent rise compared to the previous year. Disbursements for the quarter reached Rs 59,508 crore, a 36 per cent increase year-on-year. Project sanctions crossed Rs 1 lakh crore, with distribution projects comprising 43 per cent and renewable energy 20 per cent…

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Siemens Energy Q3 profit rises 80%, announces expansion at Aurangabad

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Siemens Energy India reported an 80% year-on-year increase in net profit to Rs 263 crore for the quarter ended June 2025. Revenue from operations rose 20% to Rs 1,785 crore during the same period. New orders nearly doubled, rising 94% year-on-year to Rs 3,290 crore. Operating profit grew 59% to Rs 314 crore, with profit margins improving to 17.6% from 13.3% a year earlier. To support increased demand, the company announced a phased investment of…

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L&T and NTPC post Q1 results

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Larsen & Toubro (L&T) reported a consolidated net profit of Rs 3,617 crore for the quarter ended June 2025, marking a 29.9 per cent increase from Rs 2,786 crore a year earlier. Revenue rose 15.5 per cent year-on-year to Rs 63,678 crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 6,316 crore, up 12.5 per cent from Rs 5,615 crore. However, operating margin declined slightly to 9.9 per cent from 10.2 per…

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NHPC reports Rs 10.69 billion net profit for Q2 FY2024, down 36.86%

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NHPC Limited has reported a net profit of Rs 10.69 billion for the quarter ending September 2024, marking a 36.86% decline from Rs 16.93 billion in the same quarter the previous year.  However, the company’s total income rose by 9.25% to Rs 34.02 billion during this quarter, compared to Rs 31.14 billion in the corresponding period last year.

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Adani Green Energy posts 39% rise in quarterly net profit to Rs 5.15 billion

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Adani Green Energy Limited (AGEL) reported a net profit of Rs 5.15 billion for the quarter ending September 2024, marking a 39% increase from Rs 3.71 billion in the same quarter last year. The company’s total income rose by 30.39% to Rs 33.76 billion during this period, up from Rs 25.89 billion recorded in the corresponding quarter of the previous year.

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Adani Energy Solutions reports 172% surge in net profit for Q2 FY2024

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Adani Energy Solutions Limited (AESL) has reported a net profit of Rs 7.73 billion for the quarter ending September 2024, marking a 172.18% increase compared to Rs 2.84 billion in the same quarter last year.  The company’s total income also rose by 68.88%, reaching Rs 63.6 billion, up from Rs 37.66 billion during the corresponding period of the previous year.