Sumeru Industries and Other Companies Report Q1 Financial Results; Dev Accelerator Gets IPO Nod
Hero MotoCorp announced robust Q1 results with consolidated revenue of Rs. 9,728.00 crore and profit after tax of Rs. 1,706.00 crore, including a one-time gain. The company reported strong demand across various segments. Dev Accelerator Limited, an Ahmedabad-based flex space provider, received SEBI approval for its IPO, which will comprise fresh equity shares. The company operates 25 centers across 11 cities and reported a profit after tax of Rs. 4.37 million in FY 2023-24. Sumeru Industries Limited published its Q1 results in compliance with SEBI regulations.