Aadhar Housing Finance on Thursday reported a 17 per cent increase in net profit to Rs 239 crore in the December quarter. The housing finance company earned a profit of Rs 204 crore in the same quarter a year ago. Total income during the third quarter of the current fiscal grew to Rs 785 crore from Rs 659 crore in the year-ago period, Aadhar Housing Finance said in a regulatory filing. During the quarter, interest income improved to Rs 714 crore compared to Rs 579 crore in the same period a year ago. Total expenses increased to Rs 478 crore against Rs 398 crore a year earlier. Gross non-performing assets declined to 1.36 per cent as of December 31, 2024, compared to 1.40 per cent at the end of the third quarter of the previous financial year. The mortgage firm's Asset Under Management (AUM) grew by 21 per cent to Rs 23,976 crore from Rs 19,865 crore as of December 31, 2023.
Profit before exceptional items and tax for the company's cement business fell to Rs 4.35 crore ($496,774) during the October-to-December period from Rs 135 crore a year earlier
Shriram Life Insurance Company Ltd recorded a 49 per cent rise in its retail new business for the April-December 2024 period, reaching Rs 865 crore, the company said on Thursday. Shriram Life Insurance is promoted by the diversified Shriram Group and the South Africa-based Sanlam Group. The company's premium from group business doubled during the quarter under review, reaching Rs 336 crore, according to a press release. Renewal premiums for both individual and group policies stood at Rs 494 crore for the October-December 2024 quarter, compared to Rs 447 crore in the same period of the previous financial year. Total premium income increased by 21 per cent to Rs 1,151 crore during the quarter under review, compared to Rs 841 crore in the corresponding period last year. Profit after tax for the October-December 2024 quarter stood at Rs 43 crore, compared to Rs 50 crore in the year-ago period. The new individual business premium increased by 36 per cent to Rs 322 crore during the ...
Company board approves purchase of 80 per cent share in step-down subsidiary Tergene Biotech
The company's total expenses during the third quarter of FY25 surged by 77.30 per cent Y-o-Y
Leading stock exchange BSE on Thursday reported its net profit doubling to Rs 220 crore for three months ended December 2024. It posted a net profit of Rs 108.2 crore in the same quarter preceding fiscal, BSE said in a statement. The exchange recorded its highest-ever quarterly revenue of Rs 835.4 crore in the October-December quarter of the current financial year (FY25), a 94 per cent jump from Rs 431.4 crore in the same period preceding fiscal. BSE witnessed an average daily turnover of Rs 6,800 crore for the quarter under review compared to Rs 6,643 crore a year ago. Its derivatives segment sustained its growth trajectory in the quarter with a daily premium turnover of Rs 8,758 crore against Rs 2,550 crore in the year-ago period. "Throughout 2024, BSE demonstrated focus and resilience, amidst challenges on the business and regulatory front, by introducing new products and market enhancements and expanding our strategic footprint. "Whilst the road ahead will not be without ...
Sequentially, the revenue from operations fell by 1.9 per cent, with net profit also falling by 20.9 per cent
State-owned NMDC on Thursday reported a 29 per cent rise in consolidated net profit to Rs 1,896.66 crore in the October-December quarter of 2024-25, mainly driven by higher income. It had reported a profit of Rs 1,492.73 crore in the October-December period of 2023-24. Total income rose by 21 per cent to Rs 6,942.92 crore in the third quarter of FY25 compared to Rs 5,746.47 crore in the year-ago period, the company said in an exchange filing. Total production in the quarter rose by 9 per cent to 13.29 million tonnes (MT) over 12.22 MT in the same quarter last year. Sales rose by 5 per cent to 11.94 MT in the December quarter from 11.39 MT in Q3FY24. NMDC CMD Amitava Mukherjee said, "We have entered the fourth quarter of FY25 on a strong momentum. Despite challenges faced this financial year, NMDC's results remain positive on a sequential basis, strengthening a growth trajectory." For the April-December period, the company's profit rose to Rs 5,055.64 crore, up 22 per cent from Rs
The company, which sells 'Jim Jam' and 'NutriChoice' biscuits, reported a 5 per cent increase in consolidated net profit to Rs 582 crore ($66.43 million) for the three months ended December 31
Apollo Tyres Ltd on Thursday reported a 32 per cent decline in consolidated net profit to Rs 337 crore in the December quarter with high raw material cost impacting margins. The company had posted a consolidated net profit of Rs 497 crore in the same period of the last fiscal year, Apollo Tyres said in a regulatory filing. Consolidated revenue from operations in the third quarter stood at Rs 6,927.95 crore as against Rs 6,595.37 crore in the year-ago period. Total expenses in the quarter were higher at Rs 6,467.4 crore as compared to Rs 5,877.93 crore in the year-ago period. Cost of materials consumed was at Rs 3,222.77 crore as against Rs 2,884.63 crore, the company said. Commenting on the performance, Apollo Tyres Chairman Onkar Kanwar said, "Under tough market conditions we have been able to perform well in the key passenger vehicle and commercial vehicle replacement segments in India. This performance was somewhat negated by the sluggish OE segment." Europe, too, has performed
The 'Gold Flake' cigarette maker reported a profit of 56.38 billion rupees ($643.69 million) for the third quarter ended December 31, compared with 55.72 billion rupees a year earlier
Hero's motorcycle and scooter sales grew just 0.3% in the quarter, marking their weakest growth since July-September 2022
JK Lakshmi Cement Ltd on Thursday reported a 59.7 per cent decline in consolidated net profit to Rs 60.46 crore for the December quarter on account of lower sales realisation. The company had posted a profit of Rs 150.15 crore in the year-ago period, according to a regulatory filing from JK Lakshmi Cement Ltd (JKCL) -- a flagship company of JK Organization. Its revenue from operations was down 12 per cent to Rs 1,496.83 crore in the December quarter. It was at Rs 1,702.84 crore in the year-ago period. JK Lakshmi Cement Chairperson & Managing Director Vinita Singhania said, "The profitability of the company for the quarter has been impacted due to lower sales realisation in our primary markets." Its sales volume was down 4.54 per cent to 22.48 lakh tonnes in the December quarter. Total expenses of JKCL were at Rs 1,416.57 crore, down 5.9 per cent in the December quarter of FY25. JKCL's total income, including other income, was also down 12.42 per cent to Rs 1,505.87 crore. Over t
The company, whose clients include Maruti Suzuki and Tata Motors, said its profit fell to 1.40 billion rupees (about $16 million) in the quarter from 1.68 billion rupees a year earlier
Veritas is the fastest-growing NBFC in terms of assets under management (AUM) growth among compared peers for the period between FY22 and FY24
Revenue from operations rose 1.61 per cent to Rs 5,345 crore, compared to a 36.6 per cent growth in the same quarter year ago
Auto components maker Uno Minda on Thursday said its profit after tax increased 21 per cent year-on-year to Rs 233 crore for the third quarter ended December 31, 2024. The company reported a Profit After Tax (PAT) of Rs 193 crore in the third quarter (October-December) of last year. Revenue from operations rose to Rs 4,184 crore in the period under review as compared with Rs 3,523 crore in the year-ago period, Uno Minda said in a statement. The company said its board has approved a capital expenditure of Rs 72 crore for expansion of its Hosur-based aluminium die casting manufacturing facility. "We continue to work on groundbreaking technologies, facilitating localisation and contributing to make in India. With these strategies, we are confident of continued success and help shaping the future of mobility," Uno Minda Group CMD Nirmal K Minda said. The company's strategic focus on innovation, diversification, and operational efficiency continues to drive upward trajectory, solidifyi
The company's revenue from operations rose 17% to 16.82 billion rupees, led by a 17% jump in its agricultural business, which includes all types of rice apart from seed and bran
Bharti Airtel Results Today: The telecom services provider could report "industry-leading" financials with a healthy growth in average revenue per user (Apru), subscriber base, and margin expansion
Q3 company results, February 6: Hero Motorcorp, NMDC, PVR INOX, State Bank of India, JK Lakshmi Cement, and Apollo Tyres will release their reports for the Oct-Dec 2024 quarter