HPCL Q3 released on Thursday, after market hours, showed that the company's net profit increased 257 per cent Y-o-Y to Rs 2544 crore as compared to Rs 712.84 crore a year ago
Q3FY25 company results, January 24: Godrej Consumer Products, Bank of India, and AU Small Finance Bank will release results for the Oct-Dec quarter today
India's largest cement maker beats analyst estimates despite a 17.3% Y-o-Y fall in net
Foots Rs 666 crore impairment cost bill as NPAs swell; to raise up to Rs 750 crore capital
United Spirits Ltd on Thursday reported a 4.3 per cent decline in consolidated net profit at Rs 335 crore in the December quarter, impacted by higher expenses and severance costs related to a closed unit. The company had posted a consolidated net profit of Rs 350 crore in the corresponding quarter last fiscal, United Spirits Ltd (USL) said in a regulatory filing. Consolidated revenue from operations in the quarter under review was Rs 7,732 crore against Rs 6,962 crore in the year-ago period, it added. Total expenses during the quarter were higher at Rs 7,256 crore compared to Rs 6,555 crore a year ago. During the quarter ended December 31, 2024, the company has recognised a charge of Rs 65 crore under exceptional items, towards severance costs relating to a closed unit, USL said. USL CEO & Managing Director Hina Nagarajan said, "Amidst a moderate but sequentially improving demand environment, we have delivered a quarter in line with our aspirations buoyed by the festive season and
Ujjivan Small Finance Bank on Thursday reported a 64 per cent drop in net profit to Rs 103 crore for the third quarter ended December 2024, as provisions for bad loans increased. The lender earned a net profit of Rs 300 crore in the year-ago period. However, the total income rose to Rs 1,763 crore in the quarter under review from Rs 1,655 crore a year ago, Ujjivan Small Finance Bank said in a regulatory filing. The bank would soon move the Reserve Bank for transition to a universal bank, having received approval from the board. The interest income of the bank improved to Rs 1,591 crore in the quarter from Rs 1,471 crore in the same quarter a year ago. The bank's asset quality deteriorated, with gross non-performing assets (NPAs) rising to 2.68 per cent of gross advances at the end of the December 2024 quarter from 2.18 per cent a year ago. Its net NPAs or bad loans also rose to 0.56 per cent against 0.17 per cent in the year-ago period. Provisions other than tax and contingencie
Why are midcap IT stocks rising today: Persistent Systems share price soared 8 per cent to Rs 6,163.45 per share after the company reported broad-based growth across geographies and segments.
HDFC Bank share price: HDFC Bank share price rose 1.2 per cent on the BSE, hitting an intraday high of Rs 1,685 per share
The company's consolidated net profit grew nearly 15 per cent to Rs 428 crore ($49.54 million) for the quarter ended Dec. 31 compared with analysts' expectations of Rs 426 crore
Indus Towers on Thursday reported more than doubling of its consolidated net profit to Rs 4,003 crore in the third quarter of 2024-25 on the back of strong tower and colocation additions as well as significant collections of overdue from "a major customer". The December quarter had a write-back of Rs 3,024 crore in provision for doubtful receivables, aided by collections against past overdue, the company said in its earnings release. The tower infrastructure company expects the resumption of network expansion by "a major customer" and rollouts by others, to drive growth. The consolidated profit after tax stood at Rs 4,003 crore, 160 per cent year-on-year increase as compared to Rs 1,541 crore in Q3FY24. The quarter saw an improvement on various metrics including return on capital employed, which rose to 29.3 per cent as against 19.2 per cent on Y-o-Y basis. "We are pleased to see our ability to maintain a dominant share of our major customers' rollouts reap dividends in the form o
Mankind's revenue from operations rose to Rs 3,230 crore in Q3FY25, a 24 per cent Y-o-Y rise from Rs 2,607 crore reported in Q3FY24
Indian Energy Exchange (IEX) on Thursday posted a nearly 17 per cent rise in its consolidated net profit to Rs 107.29 crore, mainly driven by higher revenues. The company had reported a consolidated net profit of Rs 91.80 crore for the quarter ended December 31, 2023, a BSE filing showed. Its total income rose to Rs 160.53 crore in the quarter from Rs 141.21 crore a year ago. The Board of Directors has also approved the payment of an interim dividend of Rs 1.50 per equity share, having a face value of Re 1 each for 2024-25. The record date for ascertaining the name of members/beneficial owners entitled to receive the interim dividend is Friday, January 31, 2025. IEX, in a statement, said that during the quarter, IEX achieved an electricity traded volume of 30.5 billion units (BU), marking a 15.9 per cent year-on-year rise and traded 26.52 lakh Renewable Energy Certificates (RECs), recording a 31 per cent growth. According to the statement, adequate availability of fuel in this qu
KFin Technologies Ltd on Thursday reported a 35 per cent year-on-year surge in profit after tax to Rs 90.18 crore for three months ended December 2024. The company had posted a profit after tax (PAT) of Rs 66.83 crore in the year-ago period, KFin Technologies said in a statement. Revenue from operations stood at Rs 290 crore in the October-December quarter of the current financial year (FY25), a surge of 32.6 per cent from Rs 218.72 crore in the year-ago period. "Our focus on consistent growth and profitability has led to yet another quarter of resilient performance, aided by new client wins internationally and domestically, across our diversified business segments," Sreekanth Nadella, Managing Director and CEO, KFin Technologies, said. For the nine months of FY25, the company's PAT stood at Rs 247.57 crore, marking a 44.3 per cent year-on-year increase, and Revenue from operations was at Rs 808 crore, up 32.6 per cent from the same period preceding fiscal.
Nippon Life India Asset Management (NAM India) on Thursday reported a 4 per cent increase in profit after tax to Rs 295.4 crore for three months ended December 2024. The company had a profit after tax (PAT) of Rs 284.3 crore in the year-ago period, NAM India said in a regulatory filing. Revenue from operations rose by 39 per cent to Rs 587.9 crore during the period under review from Rs 423.3 crore for the third quarter ended December 31, 2023. "We witnessed a continued increase in overall market share with key positives being net sales and SIP (Systematic Investment Plan) market share remaining above equity market share as well as an increase in SIP flows despite adverse market movements. "We are humbled to have the trust of 20 million unique investors, i.e. over 1 in every 3 mutual fund investors, highest in the industry," Sundeep Sikka, ED & CEO of NAM India, said. As of December 2024, NAM India has assets under management of Rs 6.56 lakh crore, including Nippon India Mutual ...
The company's advertising revenue dropped by 8 per cent to Rs 940.6 crore in Q3FY25 on a Y-o-Y basis but increased by 4 per cent on a sequential basis
Segment-wise, AESL said the under-construction transmission pipeline increased to Rs 54,761 crore in Q3FY25 from Rs 17,000 crore earlier
The growth was largely driven by revenue from its recently acquired nicotine replacement therapy (NRT) portfolio and performance in the European and emerging markets
Its profit declined to Rs 122 crore ($14.12 million) for the three months ended Dec. 31, from Rs 147 crore a year ago
Adani Green Energy Ltd (AGEL) on Thursday posted over 85 per cent rise in consolidated net profit to Rs 474 crore for December quarter on the back of higher revenues from power supply. The company had logged a net profit of Rs 256 crore in the year-ago period, according to a BSE filing. Revenue from power supply rose to Rs 1,993 crore in the quarter from Rs 1,765 crore in the same period year ago. "We are steadily developing the world's largest RE plant in Khavda, Gujarat as well as large-scale plants in Rajasthan and other sites, supported by well-aligned transmission planning." "Our updated strategy now includes largescale deployment of Battery Energy Storage Systems (BESS), given significant cost declines in last few quarters," CEO Amit Singh said in a statement. BESS can be deployed relatively quickly and will be crucial in grid integration, supporting rapid renewable growth and complementing the company's existing solar, wind and hydro pumped storage projects, Singh ...
Profit was also up quarter-on-quarter when compared with Rs 142.67 crore earning in July-September 2024