FSN E-Commerce Ventures: The Nykaa operator has recorded a consolidated profit of Rs 5.85 crore for the quarter ended September FY24, which represents a growth of 42.3 percent year-over-year. This increase is attributed to healthy operating and topline performance. Despite the delay in the festive season this year, with October replacing September as the start of the season, the company achieved a 22.4 percent YoY growth in consolidated revenue from operations, amounting to Rs 1,507 crore. Additionally, the EBITDA increased by 32 percent to Rs 80.6 crore, and the margin expanded by 38 basis points to 5.4 percent compared to the same period last fiscal year, thanks to cost efficiencies.

Bajaj Finance: The leading non-banking finance company has launched a qualified institutions placement (QIP) on November 6 to raise funds. The floor price for the QIP has been set at Rs. 7,533.81 per share, and the firm may offer a discount of up to 5 percent on the floor price. According to CNBC-TV18, the fund raised from the QIP issue is expected to be around Rs 8,800 crore, sourced from undisclosed sources.

Gland Pharma: Despite a healthy topline, the pharma company recorded a consolidated profit of Rs 194.1 crore for the July-September period of FY24, representing a 20 percent decline compared to the same period last year. This decline is attributed to weak EBITDA margin performance. On the positive side, consolidated revenue increased by 32 percent YoY to Rs 1,373.4 crore in Q2 FY24.

Hindustan Petroleum Corporation: The oil marketing company reported a 17.5 percent sequential decline in standalone profit at Rs 5,118.2 crore for the July-September period of FY24. This decline is primarily attributed to a lower topline. Standalone revenue from operations also dropped by 14.5 percent quarter-on-quarter to Rs 95,701 crore, and EBITDA declined by 14.9 percent to Rs 8,217 crore in Q2 FY24.

Emami: Despite a 3.1 percent year-over-year fall in consolidated profit at Rs 178.5 crore for the quarter ended September FY24, the FMCG company achieved a healthy operating performance. The decline in profit was due to lower other income. Consolidated revenue from operations increased by 6 percent YoY to Rs 864.5 crore in Q2 FY24, mainly driven by a 4 percent growth in domestic business and a 12 percent growth in international business. Moreover, EBITDA jumped 20 percent YoY to Rs 234 crore, and margin expanded by 300 basis points to 27 percent during the quarter.

Ujjivan Financial Services: Despite a 12 percent decline compared to the year-ago period, the non-banking finance company recorded a consolidated profit of Rs 225.8 crore for the quarter ended September FY24. This decline is mainly attributed to impairments on financial instruments. However, revenue from operations grew by 44 percent YoY to Rs 1,496.2 crore during the quarter.

NHPC: Despite lower topline and operating performance, the state-owned power generation company recorded a consolidated profit of Rs 1,546 crore for the July-September period of FY24. This represents a 0.7 percent increase over the year-ago period, supported by a tax write-back. Consolidated revenue from operations increased by 11.6 percent YoY to Rs 2,931.3 crore during the quarter. Additionally, the company announced that the board has approved the Joint Venture Agreement for the formation of a joint venture company between NHPC and Andhra Pradesh Power Generation Corporation.

Bank of India: Rajesh Sadashiv Ingle has been promoted to the post of Chief General Manager of the Bank of India, effective from November 6. Rajesh Sadashiv Ingle was previously the general manager of the bank.

Gujarat State Petronet: The gas transmission company reported a consolidated profit of Rs 590.4 crore for the quarter ended September FY24, representing a 36 percent QoQ growth, thanks to a strong operating performance. Revenue from

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