Page 2 - Q3 Results

SpiceJet posts Rs 26 cr profit in Dec quarter backed by high performance

Budget airline SpiceJet on Wednesday reported a profit after tax of Rs 26 crore for the three months ended December 2024, helped by overall improved performance. The carrier had posted a loss of Rs 300 crore in the year-ago period. "Total revenue surged by 35 per cent to Rs 1,651 crore, driven by strong passenger demand, improved yields and enhanced operational efficiency. Passenger Load Factor (PLF) stood at an impressive 87 per cent," the airline said in a release. Total revenue stood at Rs 1,077 crore in the 2024 September quarter. However, compared to Rs 2,149 crore reported in the three months ended December 2023, the total revenue is lower in the latest December quarter. The results for the third quarter of the current financial year was scheduled to be announced on Tuesday. However, the meeting of the company's board of directors, through video conferencing, started at 1.30 pm and ended only at 11.50 pm on Tuesday, according to a filing made to the BSE at 12.51 am on ...

Pvt corporate sector posts 8% on-year sales growth in Q3, margins rise: RBI

Manufacturing companies' expenses on raw materials rose by 6.3 per cent (y-o-y) in line with their sales growth, whereas their staff costs increased by a higher 9.5 per cent

Aided by branch expansion, Moneyboxx Finance's AUM rises 56% to Rs 837 cr

Moneyboxx Finance, which provides business loans to micro and small entrepreneurs, has reported a 56 per cent increase in its assets under management (AUM) to Rs 837 crore at the end of December 2024, aided by branch expansion and enhanced productivity. Its AUM stood at Rs 536 crore in December 2023. In a release, Moneyboxx said that in the third quarter of the current fiscal, it moved towards establishing a pan-India presence by launching operations in key southern states, including Telangana, Andhra Pradesh, Karnataka, and Tamil Nadu. In line with this expansion, the company said its strategic focus on secured lending yielded strong results, with secured loans accounting for 38 per cent of AUM in the third quarter of fiscal 2024-25, more than doubling from 17 per cent in the year-ago period. Moneyboxx Finance reported a 30 per cent growth in profits in the nine months of fiscal 2024-25 at Rs 6.53 crore, compared to Rs 5.02 crore in the year-ago period. Its profit in the third ...

Escorts extends fall; sheds 11% in 2 wks on weak Q3 operational performance

While management remains optimistic about near-term demand and has completed channel inventory rationalization, regaining lost market share will be critical, according to analysts.

HCG Enterprises Q3 results: Consolidated net profit up 22.8% to Rs 7 cr

Growth driven by increasing volumes across modalities

ICICI Sec sees Sensex at 90,000; double-digit earnings growth FY26 onwards

Keeping the price-earnings (PE) multiple intact, our (Nifty) index target gets revised to 27,000 levels i.e. nearly 21x PE on FY27 EPS of Rs 1,300

L&T Technology Services shares rise 5%; what's boosting rally in stock?

Global brokerage Macquire double upgraded the stock to 'Outperform' for a target of Rs 6,530 per share, as per reports. The brokerage expects growth to pick up in plant and engineering

Stocks to Watch, Feb 21, 2025: Religare Ent, CIE Automotive, TCS, Vedanta

Stocks to Watch, Feb 21, 2025: Here is a list of stocks that could be buzzing in trade today

Alibaba plans major AI investment as revenues rebound in third quarter

The company's revenue was 280.15 billion yuan ($38.58 billion) for the three months ended December 31, compared with 279.34 billion yuan expected by 17 analysts polled by LSEG

Narayana Hrudayalaya hits record high in subdued market; up 7% in 3 days

The company's management remains confident that the new hospital will become a strong engine of growth in Cayman over the next few years.

Suven Pharma soars 14% on heavy volumes; surges 43% from January low

Suven Pharma is set to benefit from high-growth cutting-edge CDMO segments and its proven track record to drive traditional business.

ReNew Q3FY25 results: Net loss widens to Rs 387.9 crore, income up 10%

Clean energy company ReNew on Wednesday reported widening of its net loss to Rs 387.9 crore for the December quarter. It had posted a net loss of Rs 321.6 crore in the year-ago period, the Nasdaq-listed company said in a statement. However, the company's total income for the third quarter of the ongoing fiscal year rose 10 per cent to Rs 2,119.8 crore from Rs 1,929 crore a year earlier. Revenue from the sale of power during the quarter was Rs 1,499.1 crore compared to Rs 1,502.6 crore a year ago. Net profit for the first nine months of FY25 was Rs 145.4 crore compared to Rs 353.8 crore for the same period in FY24. Total income -- or total revenue -- for the first nine months of FY25 was Rs 7,591.1 crore compared to Rs 7,241.4 crore a year ago. The income includes external sales from the module and cell manufacturing operations amounting to Rs 345.9 crore. Revenue from the sale of power for the first nine months of FY25 was Rs 6,437.5 crore, compared to Rs 6,131.4 crore. "We con

Hindustan Unilever stock hits 9-month low; slips 26% from September high

Shares of FMCG company hit an over nine-month low of Rs 2,247.20, down 2 per cent on the BSE in Wednesday's intra-day trade amid concerns of moderate growth in the near term.

Stocks to Watch, Feb 19, 2025: L&T, Concor, Airtel, Akzo Nobel, Power Grid

Stocks to Watch, Feb 19, 2025: From Airtel to L&T, here is a list of few stocks that will remain in focus today

Texmaco Rail hits 52-week low; expects a slowdown in freight in short term

Texmaco Rail Engineering's executive director and vice-chairman Indrajit Mookerjee said that moving ahead, the accelerated rate of orders that had come down

Why Carborundum Universal shares hit 52-week low; fell 10% in 3 days?

The company recorded a net profit for Q3 at Rs 34.78 crore as compared to Rs 111.3 crore a year ago, down 69 per cent

TVS Supply Chain rises 7% after TVS Motor Company buy stake via block deal

As per National Stock Exchange (NSE) block deal data, TVS Motor Company bought stakes after Allanzers Fin Net sold 20,00,000 shares at Rs 128.86 per share on Monday

Havells, PG Electroplast, KEI, Amber: EMS continues to shine, says Nuvama

While many consumer durables companies reported disappointing earnings, missing their profit estimates due to lower margins, the EMS players exceeded expectations with strong revenue and profit growth

Stocks to Watch, Feb 18, 2025: Airtel, NTPC, Power Grid, Vedanta, Paytm

Stocks to Watch, Feb 18, 2025: Airtel, NTPC, Power Grid and other stocks will be on investors' radar today

NSDL Q3 results: Net profit jumps 30% to Rs 86 cr, total income up 16%

NSDL on Monday reported a 30 per cent rise in its consolidated net profit to Rs 85.8 crore for three months ended December 2024. The depository registered a Rs 66.09 crore profit in the year-ago period. The total income rose 16.2 per cent to Rs 391.21 crore in the October-December quarter of the current financial year (FY25) against Rs 336.67 crore in the same quarter preceding fiscal, NSDL said in a statement. For the nine months ended December 2024, National Securities Depository Ltd (NSDL) posted a 32.6 per cent year-on-year growth in net profit to Rs 259.82 crore and a 13.3 per cent year-on-year increase in total income to Rs 1,141.4 crore. NSDL is India's first securities depository to reach Rs 500 lakh crore (USD 6 trillion) in value of assets held in custody in September 2024. In October, NSDL received markets regulator Sebi's go-ahead to launch an initial public offering (IPO). The proposed IPO is a complete offer for sale (OFS) of more than 5.72 crore equity shares by ..