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Adani Power Q4: Net profit surges to Rs 4,645 cr due to higher revenues

Adani Power's consolidated net profit jumped to Rs 4,645.47 crore in the March quarter from Rs 13.13 crore in the year-ago period, mainly on the back of higher revenues.

Total income of the company rose to Rs 13,307.92 crore in the quarter ended on March 31, 2022 from Rs 6,902.01 crore in the same period a year ago, it said in a statement on Thursday. The consolidated net profit fo

JPIN launches funds worth $150 mn to promote startups in India, worldwide

JPIN, an investment group for start-ups, has launched two strategic funds for promoting start-ups showing potential in emerging markets, helping them with finances scale up their businesses to global levels.

The company’s $130-million JPIN Global Fund in the United Kingdom and a $20-million JPIN India Fund in India will connect some of the world's most ambitious start-ups and small and medium enterprises (SMEs).

Paytm tokenises 28 mn cards; to purge saved card data by Jun 30

Digital financial services firm One97 Communication Limited, which owns the Paytm brand, has tokenised 28 million cards across Visa, Mastercard and RuPay, and expects to purge saved card data by June 30, the company said on Thursday. The tokenised cards account for 80 per cent of monthly active cards on the Paytm app, it added.

Morepen Q4: Net profit falls 55% to Rs 12 cr, total income up to Rs 371 cr

Drug firm Morepen Laboratories on Thursday said its consolidated net profit declined by 55 per cent to Rs 12 crore for the fourth quarter ended March 2022.

The company had reported a net profit of Rs 27 crore in the January-March quarter of 2020-21 fiscal. Total income increased to Rs 371 crore for the period under review as against Rs 291 crore in the fourth quarter of 2020-21 financial year, Morepen Laboratories said in a regulatory filing.

ABB India net profit jumps over two-fold to Rs 370 crore in March quarter

ABB India on Wednesday posted over two-fold jump in its net profit to Rs 370 crore in the March quarter compared to the year-ago period mainly on the back of higher revenues.

The net profit of the company was Rs 151 crore in the quarter ended on March 31, 2021, a company statement said. The company follows January to December financial year.

Dabur Q4: Net profit decline 22% to Rs 294 cr, net sales up by 7.7%

Homegrown FMCG major Dabur India Ltd on Thursday reported a 21.98 per cent decline in consolidated net profit at Rs 294.34 crore for the fourth quarter ended March 2022

The company had posted a net profit of Rs 377.29 crore in the JanuaryMarch period a year ago, Dabur India said in a BSE filing.

Its revenue from operations rose 7.74 per cent to Rs 2,517.81 crore during the quarter under review, as against Rs 2,336.79 crore in the year-ago period.

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