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Slowing demand to curb auto component revenue growth to 6-8%
Exports are vital, currently constituting 15% of total revenue, down from about 17% in fiscal 2022. Although export growth is slowing, India's increasing share of high-margin, critical components— accounting for around 60% of export revenue in fiscal 2024 — will support profitability. Read more
Godrej Enterprises targets Rs 200 billion revenue by 2032
The group controls over 3,700 hectares, with around 1,000 hectares available for development. GEG holds exclusive ownership and development rights for Vikhroli land, which will continue to be marketed and sold by Godrej Properties under an agreement granting the latter a 10% commission.Read more
Birla Opus Paints inaugurates fourth plant; Targets Rs 100 billion in revenue
The Chamarajnagar plant will produce a range of products, including water-based paints, enamel paints, and wood finishes, catering specifically to the growing demand in southern India. Read more
Bharat FIH shuts R&D and supply chain subsidiary amid revenue decline
In 2021, Bharat FIH had established two subsidiaries—Bharat Taiwan Corporation and Rising Stars Hi-Tech—to enhance research, product development, and engineering capabilities. Read more
Setco Auto reports record-breaking H1 FY25 revenue and EBITDA growth
The EBITDA margin for Q2 FY25 stood at 16.2%.Read more
Minda Corporation achieved highest ever consolidated revenue of Rs 12.90 billion
During the quarter, the company signed a Technology Licensing Agreement with SANCO (China) to locally develop advanced Electrical Distribution Systems (EDS) solutions. Read more
Wagon makers set for 20% revenue growth this fiscal: CRISIL
With order books standing at 2.3 times the revenue of wagon makers, the sector is expected to operate at 90% capacity this fiscal, up from less than 50% in fiscal 2021. Read more
BEML to expand Vande Bharat and metro trains; boost export revenue to 10%
The company is exploring potential markets in the Middle East, South America, and the ASEAN region.Read more
Bharat Forge Q1; Defence revenue up 147%, order book at Rs 54 billion
The profit was impacted by an exceptional loss of Rs 1.46 billion, including an impairment provision of Rs 1.45 billion related to its investment in Tork Motors Pvt. Ltd., where Bharat Forge holds a 64.29% stake.Read more
Siemens Limited announces 7% increase in revenue, 25% rise in PAT in Q3 FY 24
The new orders stood at Rs 62.45 billion, an increase of 18% over the same period last year. Read more