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Mafatlal Industries Q3 net loss widens to Rs 24.40 crore
Mafatlal Industries on Tuesday reported a widening of its consolidated net loss to Rs 24.40 crore for the quarter ended December 2022, mainly due to higher expenses. The company had posted a net loss of Rs 6.05 crore in the corresponding quarter of the previous fiscal year.
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Mafatlal Industries to divest stake in Abhishek Industries
Mafatlal Industries is planning to divest its entire 25.25 per cent stake in Abhishek Industries for about Rs 53 crore.
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Mafatlal Industries Q2 net loss narrows to Rs 4.46 crore
Mafatlal Industries on Monday reported a narrowing of its consolidated net loss to Rs 4.46 crore for the quarter ended September 2022, mainly due to lower expenses.
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Mafatlal Industries Q3 net profit declines 20%
Mafatlal Industries, a flagship company of the Arvind Mafatlal Group, reported a 20% decline in its net profit for the third quarter of the current fiscal year.
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Mafatlal Industries to invest Rs 100 crore in expansion
Mafatlal Industries plans to invest Rs 100 crore in expanding its manufacturing capacity over the next two years.
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Mafatlal Industries signs joint venture agreement with Chinese company
Mafatlal Industries has signed a joint venture agreement with a Chinese company to set up a new manufacturing plant in India.
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Mafatlal Industries posts a 35% increase in Q2 net profit to Rs 23.2 crore
Mafatlal Industries, a 125-year-old leading diversified conglomerate, has reported a 35% jump in its net profit for the second quarter of the current fiscal (Q2FY23) to Rs 23.2 crore from Rs 17.2 crore in Q2FY22, primarily driven by continued growth in its agrochemical and textiles businesses.Its revenue for the quarter, however, witnessed a marginal 1.3% rise to Rs 370.3 crore as compared to Rs 365.3 crore in the same period last year due to the impact of global headwinds emanating from geopolitical tensions and supply chain disruptions.
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Mafatlal Industries posts 25% jump in Q1 net profit to Rs 14 crore
Mafatlal Industries, a 125-year-old leading diversified conglomerate, has reported a 25.5% increase in its net profit after taxes (PAT) for the first quarter of the current fiscal (Q1FY23) to Rs 14 crore from Rs 11.15 crore achieved in Q1FY22. The company's revenue during the quarter, however, remained flat at Rs 290.4 crore as compared to Rs 288.1 crore in Q1FY22 mainly on account of the geopolitical situation in Europe, inflationary pressures and supply chain disruptions affecting its textile business.