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ONGC net profit rises 78% to Rs.11,527 crore in Q4, Pots posts profit of Rs.57,101 crore in FY24.
ONGC's consolidated net profit increased 78% to Rs 11,527 crore in the fourth quarter of 2023-24 on the back of increased global prices and increased crude oil production, resulting in a 67% year-on-year increase in profit to Rs 57,101 crore.
Zydus Lifesciences: Net profit rises 97% in FY24
Zydus Lifesciences Limited reported a 97% increase in consolidated net profit at Rs 3,859.5 crore, driven by strong demand in key US and domestic markets. The company's shares rose 4.28% on the BSE. Dr. Sharvil Patel, Managing Director, highlighted patient centricity, operational efficiency and strategic investments as key factors.
Medanta’s net profit rises on higher revenue
Global Health, operator of Medanta hospitals, reported a 26% year-on-year increase in net profit to Rs.127 crore for the fourth quarter of FY 2024. Revenue growth was driven by established and new hospitals with higher patient volumes. Occupancy rate stood at 59% with stable EBITDA margins at 24.7%. EBITDA increased 8% year-on-year to Rs.206 crore.
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