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Jio Financial Services Ltd on Thursday reported a 9 per cent drop in consolidated profit at Rs 269 crore for the third quarter ended December 31, 2025. The company had earned a consolidated net profit of Rs 295 crore in the same quarter of the previous fiscal, Jio Financial Services said in a regulatory filing. However, the company's consolidated net profit stood at Rs 695 crore in the second quarter of the current fiscal. Total income nearly doubled to Rs 901 crore, from Rs 449 crore in the third quarter of the previous fiscal. Total expenses also witnessed a significant year-on-year increase, rising to Rs 566 crore from Rs 131 crore in the same quarter a year ago. During the quarter, pre-provisioning operating profit grew by 7 per cent to Rs 354 crore. Growth in total income was partially offset by higher expenses, in line with volume growth across all businesses, it said. For the nine months ended December, the company's net profit also declined marginally to Rs 1,289 crore,
Angel One on Thursday reported a 4.5 per cent year-on-year decline in consolidated profit after tax (PAT) to Rs 269 crore in the December quarter as rising operating expenses weighed on margins. The company had posted a PAT of Rs 281.5 crore in the corresponding year-ago quarter. However, the broking firm registered a 5.8 per cent increase in total income to Rs 1,338 crore from Rs 1,264 crore in Q3 FY25, driven by an improvement in interest income and fees and commission income, according to a regulatory filing. Total expenses increased to Rs 964.2 crore from Rs 876.5 crore, driven primarily by higher employee benefit costs, employee stock ownership plan (ESOP) expenses and other operating expenses. The company's board has approved a stock split in the ratio of 1:10, whereby each equity share with a face value of Rs 10 will be subdivided into 10 equity shares of Rs 1 each.
Private sector lender South India Bank on Thursday reported a 9.3 per cent rise in net profit to Rs 374 crore for the third quarter ended December 2025. The Kerala-based lender had earned a net profit of Rs 342 crore in the same quarter a year ago. Its total income increased to Rs 3,003 crore during the quarter under review from Rs 2,780 crore in the year-ago period, South Indian Bank said in a regulatory filing. Interest income also rose to Rs 2,518 crore from Rs 2,379 crore in the third quarter of the previous fiscal. The bank's operating profit improved to Rs 584 crore from Rs 529 crore in the December 2024 quarter. On the asset quality front, the bank's gross non-performing assets (NPAs) declined to 2.67 per cent of gross loans by the end of December 2025 from 4.30 per cent a year ago. Similarly, net NPAs or bad loans fell to 0.45 per cent compared to 1.25 per cent in FY25. Its capital adequacy ratio moderated to 17.84 per cent from 18 per cent at the end of the same quarter
Consumer electronics maker Sony India's revenue from operations increased 2.44 per cent to Rs 7,851.08 crore in FY25; however, its total profit for the financial year decreased by nearly 6 per cent to Rs 157.03 crore, according to a regulatory filing from the company. Its total income, which includes other income, rose 2.45 per cent to Rs 7,917.54 crore for the financial year ended on March 31, 2025, according to financial data accessed through the business intelligence platform Tofler. Sony India, a wholly owned subsidiary of Japan's tech major Sony Corporation, had a net profit of Rs 166.99 crore, and its revenue from operations stood at 7,663.74 crore in the year-ago period. India is currently the fourth largest market for Sony after the US, China, and Japan. Sony India aims to become the third-largest global market for Sony within the next couple of years. Sony India's advertising promotional expenses rose 2.61 per cent to Rs 183.71 crore for the financial year which ended on
Infosys CEO and Managing Director Salil Parekh on Wednesday clarified that no employee of the IT major has been apprehended by US authorities, dismissing viral social media reports about a purported deportation of a staffer. During the company's Q3 earnings call, Parekh, responding to a specific question, said the rumours that had been circulating online over the past few days. "No Infosys employee has been apprehended by any US authority. A few months ago, one of our employees was denied entry into the US and was sent back to India," Parekh said. The clarification comes in the wake of a post on social media platform X by a user named Chetan Anantharamu, which went viral earlier this week. The post narrated what Anantharamu described as a "wild wild story" involving an Infosys employee from Mysuru who was allegedly on-site for a project in the United States. According to the post, the employee was purportedly "picked up by ICE (Immigration and Customs Enforcement) agents and given
State-owned Mangalore Refinery and Petrochemicals Limited (MRPL) on Wednesday reported a strong turnaround in its financial performance for the third quarter and the first nine months of FY 2025-26, driven by higher revenues, improved margins and a sharp reduction in borrowings. The Board of Directors of MRPL, a subsidiary of Oil and Natural Gas Corporation (ONGC) and a Schedule A' Mini Ratna Category-I company, approved the standalone and consolidated financial results at its 272nd meeting held on January 14, 2026. For the third quarter ended December 31, 2025, MRPL's revenue from operations rose to Rs 29,720 crore, compared to Rs 25,601 crore in the corresponding period last year. Profit before tax jumped nearly five-fold to Rs 2,214 crore, while profit after tax increased to Rs 1,445 crore, from Rs 304 crore in Q3 of FY25. The company's EBITDA for the quarter stood at Rs 2,824 crore, reflecting improved operational efficiency. During the nine-month period, MRPL recorded revenue