Financial Year

Soft earnings growth patch nearing its end, says Morgan Stanley

Morgan Stanley believes the soft earnings growth patch is ending, though market confidence still needs better clarity on external growth factors and GST rationalisation

UTI AMC Q1 results: Profit falls 7% to ₹237 cr; revenue rises 3% to ₹547 cr

UTI Asset Management Company (AMC) on Thursday posted a 7 per cent decline in its consolidated profit after tax to Rs 237 crore for the quarter ended June 2025. The company had posted a profit after tax of Rs 254 crore in the same quarter of the preceding fiscal (2024-25). Its revenues from operations rose 3 per cent to Rs 547 crore in the quarter under review from Rs 529 crore in the April-June quarter of FY25, according to an exchange filing. "Q1 FY26 has offered a strong start to the financial year both for UTI AMC as well as the mutual fund industry. At the company level, we have seen a notable growth in AUM and steady SIP inflows depicting a progressive curve in the last quarter," Imtaiyazur Rahman, Managing Director & Chief Executive Officer, said. As of June 2025, the total group assets under management (AUM) for UTI AMC stood at Rs 21.93 lakh crore. UTI Mutual Funds' quarterly average asset base was at Rs 3.61 lakh crore.

After record issuances in FY25, infrastructure bonds lose their sheen

Infrastructure bonds, which were popular in FY25, have lost their appeal in FY26 as banks face stronger deposit growth and moderated credit demand, with issuances expected to be much lower this year

Hinduja Global Services elevates Venkatesh Korla as Global CEO

Hinduja Global Solutions (HGS) on Thursday named Venkatesh Korla, President and CEO of HGS Americas, as the new Global CEO. He will take charge after the retirement of current Group CEO Partha DeSarkar in September 2025, the company said in a statement Additionally, Mahesh Kumar Nutalapati, Deputy CFO since February, has been elevated to the position of Global CFO. Korla brings over 25 years of experience in digital services and customer experience, having led digital transformations and founded Element Solutions, now part of HGS' technology services. "The company is currently evolving to align towards an AI-led future in line with the technology changes in the market and evolving client needs. Venkatesh, with his deep expertise and proven track record of leading digital transformation at scale, is the right person to lead HGS's future growth with a digital approach," Ashok P Hinduja, Chairman of HGS, said. HGS, a business process management firm, employs over 18,000 people acros

RBI dividend may cut fiscal deficit to 4.2% of GDP in FY26: SBI report

SBI says higher-than-budgeted dividend from RBI gives government room to lower FY26 fiscal deficit to 4.2 per cent of GDP or increase spending in key areas, amid strong liquidity and BoP outlook

Vishal Fabrics profit rises 13% in FY25 despite industry headwinds'

Denim fabric manufacturer Vishal Fabrics Ltd on Thursday said its profit rose by 13 per cent to Rs 28.84 crore in the financial year ended on March 31, 2025, despite global challenges and industry headwinds. The company had reported a profit of Rs 21.13 crore in the year-ago period. Total income of the Chiripal Group company rose by 5 per cent to Rs 1,521.43 crore in 2024-25 from Rs 1,451.29 crore in FY24. Despite global challenges and industry headwinds, our focus on efficiency, quality, and customer satisfaction has enabled us to achieve consistent growth, Dharmesh Dattani, CFO of Vishal Fabrics Limited, said. Vishal Fabrics continues to strengthen its presence in domestic and international markets through innovation in sustainable manufacturing and digital transformation, the company said in a statement.

Zee Entertainment Ltd Q4 results: Net profit jumps to ₹188.4 crore

Zee Entertainment Enterprise Ltd on Thursday reported a multi-fold jump in its consolidated net profit to Rs 188.4 crore in the January-March quarter, driven by effective cost management. It had a net profit of Rs 13.4 crore in the January-March quarter a year ago, according to a regulatory filing from Zee Entertainment Enterprise Ltd (ZEEL). Its total income was up 1.6 per cent to Rs 2,220.3 crore in the March quarter compared to Rs 2,185.3 crore in the same quarter of the previous financial year. In "Q4 FY25 growth led by subscription revenue & other sales & services," said ZEEL adding it "enhanced profitability despite a weak advertising environment." ZEEL's revenue from advertising was down 4.2 per cent to Rs 837.5 crore in the March quarter of FY 2024-25. "Domestic advertising revenue declined by 27 per cent YoY for the quarter due to slowdown in macro advertising environment, postponement of Zee Cine Award, busy sports calendar and higher base in Q4 FY24," said ZEEL in ..

OYO most profitable startup in FY25 with ₹623 cr profit: Ritesh Agarwal

Global travel tech platform OYO has become the most profitable Indian startup with a profit after tax of Rs 623 crore in the 2024-25 financial year, Founder Ritesh Agarwal told employees in a townhall on Thursday, sources said. According to documents accessed by PTI, as per its unaudited financials, the company's FY25 PAT (profit after tax) grew 172 per cent from Rs 229 crore in the preceding year. It achieved an adjusted EBITDA of Rs 1,132 crore in FY25, compared to Rs 889 crore in the year-ago fiscal, registering a 27 per cent year-on-year growth and its tenth consecutive quarter of EBITDA profitability. Consequently, OYO's earnings per share (EPS) reached Rs 0.93 for FY25, up from Rs 0.36 in FY24, reflecting a 158 per cent increase, the documents showed. The travel tech platform reported a 54 per cent increase in Gross Booking Value (GBV) to Rs 16,436 crore and its revenue grew to Rs 6,463 crore, a 20 per cent increase year-on-year, fuelled by the company's premium offerings ...

Jindal Steel Q4 results: ₹304 crore loss despite higher sales

Jindal Steel and Power Ltd (JSPL) on Wednesday reported a consolidated loss of Rs 304 crore for the March quarter of 2024-25. It had posted a net profit of Rs 933 crore in the January-March period of 2023-24, the company said in a statement. The company's gross revenue fell to Rs 15,525 crore from Rs 15,749 crore in the year-ago quarter. The company produced 2.11 million tonnes of steel, up from 2.05 million tonnes in the fourth quarter last financial year. Sales rose to 2.13 million tonnes from 2.01 million tonnes in the same quarter FY24. The Board of Directors also recommended a final dividend of 200 per cent i.e., Rs 2/share for the year, subject to approval of shareholders. Consolidated net debt declined to Rs 11,957 crore as of March 2025 from Rs 13,551 crore as of the end of December 2024. The total capex for the quarter was Rs 2,312 crore largely driven by the expansion projects at Angul. Part of OP Jindal Group, JSPL has a presence in steel, power and mining sectors.

RBL Bank Q4 results: Net profit tanks 81% to ₹69 cr as provisions spike

RBL Bank on Friday reported an 81 per cent decline in its net profit to Rs 69 crore for the fourth quarter of FY25 on an increase in provisions. The lender had earned a net profit of Rs 353 crore in the year-ago period. During the quarter, the bank's total income increased to Rs 4,476 crore as against Rs 4,215 crore a year ago, RBL Bank said in a regulatory filing. Interest income grew to Rs 3,476 crore during the period under review, from Rs 3,339 crore in the corresponding quarter a year ago. On the asset quality side, the bank's Gross Non-Performing Assets (NPAs) dropped to 2.6 per cent of gross advances as of March 31, 2025, from 2.65 per cent by the end of March 2024. Net NPAs also came down to 0.29 per cent of the advances from 0.74 per cent at the end of 2024. However, provisions and contingencies rose to Rs 785 crore compared to Rs 414 crore a year ago. During the financial year 2024-25, the bank's net profit almost halved to Rs 695 crore as against Rs 1,168 crore in the

Insurance industry feels the blues as growth slows amid structural issues

Growth has slowed significantly in FY25 as both life and non-life segment report single digit growth, partly because of changes in reporting norms, as well as lower credit by NBFCs and MFIs

New rules from April 1: Zero tax on income up to Rs 12L, see all changes

Salaried individuals with an income of up to Rs 12.75 lakh will have no tax liability after accounting for a Rs 75,000 standard deduction

Eid-ul-Fitr today: From banks to markets, here's what's open, what's closed

Eid-ul-Fitr holiday, March 31: Since today is the last day of the financial year, here's a look at what's open and closed

Why financial year-end portfolio rebalancing matters and how to go about it

Unless deviation from the original portfolio is drastic, rebalance by buying more of the underperforming asset class, to avoid tax and exit load

RBI announces MPC schedule for FY26, first rates decision on April 9

The Reserve Bank of India (RBI) on Wednesday announced the schedule for the bi-monthly monetary policy committee (MPC) meetings for financial year 2025-26. The rate-setting panel will hold its first meeting of the fiscal from April 7-9 and the next will begin on June 4, as per an official statement. Typically, the six-member panel votes on a resolution on the third day of the meeting and the governor announces the decision in the first half of the day after the vote is completed. The second bi-monthly policy review meeting will end on June 6, the statement said, adding that this will be followed by three-day meetings in August, September, December, and February. The six-member panel headed by the governor has three external members. The MPC announces the bi-monthly monetary policy after deliberations on the prevailing domestic and economic situations. The committee at its last meeting held in February had reduced the key short-term lending rate by 25 basis points after a gap of n

RBI article signals economic momentum rise in H2FY25 amid strong demand

High frequency indicators, like vehicles sales, air traffic, steel consumption and GST E-way bills, point towards a sequential pickup in momentum of economic activity during the second half of the fiscal 2024-25 and sustain moving forward, RBI Bulletin said on Wednesday. However, a strong dollar, driven by US economic resilience and trade policy pivots, could exacerbate capital outflows from emerging economies, push risk premiums higher, and intensify external vulnerabilities, said an article on 'State of the Economy' published in RBI's February bulletin. Economic activity momentum is poised to be sustained, strong rural demand is expected to receive a further fillip from the robust performance of the agriculture sector. Urban demand is also poised for a recovery, tracking decline in inflation as well as a boost to disposable incomes from the sizeable income tax relief announced in the Union Budget 2025-26. "...high frequency indicators point towards a sequential pick-up in momentum

DEE Development Engineers expects revenue to triple to Rs 2,400-cr: CMD

DEE Development Engineers, a piping solutions provider, expects its revenue to triple to around Rs 2,400 crore in the next three to five years as it embarks on its next phase of growth, the company's Chairman and Managing Director (CMD) Krishan Lalit Bansal said. The company, which reported a revenue of Rs 785 crore in 2023-24, is expecting higher revenue in the current financial year, Bansal said during an interaction here. DEE Development Engineers has launched its new facility in Anjar with an investment of Rs 250 crore. The facility, with an initial capacity of 12,000 tonnes per annum, is expected to be ramped to 27,000 tonnes per annum by September this year. The company also plans to come up with a Rs 90-crore seamless pipe manufacturing facility in Anjar by December this year, Bansal added. This unit will have an annual production capacity of 7,000 metric tonnes. "We are putting up a specialised forged seamless pipe plant also. The pipes produced out of that shall primarily

CII proposes seven-point agenda to boost employment generation in budget

The upcoming annual budget for FY26 could announce further measures to boost employment generation, CII said on Sunday, emphasising that job creation at a mass scale is important to engage the young population productively, and drive inclusive growth in the world's most populous nation. The industry body has suggested a seven-point agenda to harness India's demographic dividend, including an integrated national employment policy, support to labour-intensive sectors, and setting up an international mobility authority, among other targeted measures. With a median age of just 29 years, India is a young country, and is set to add 133 million people to its working-age population by 2050. The government could consider launching an internship programme in government offices in rural areas for the college-educated youth, CII said. It argued that this initiative would create short-term employment opportunities in government offices while bridging the gap between education and professional .

Udaan's online marketplace net loss narrows to Rs 666 crore in FY24

Hiveloop Technology recorded a loss of Rs 1,080 crore in the financial year (FY) 2023

Tax filers earning over Rs 1 cr surge 5X in 10 years; returns double

Salaried individuals account for nearly 52 per cent of those declaring income exceeding Rs 1 crore in the most recent assessment year, according to data released by the tax department