Technical chart suggests that near-term bias for SBI Life is likely to remain upbeat as long as the stock trades above ₹1,663 levels; check target price, key resistance levels here
L&T Technology share price: In its fourth quarter ended March 31, 2025, L&T Tech reported a net profit of ₹310.2 crore, down 9 per cent, as compared to ₹341 crore in the year-ago period
Tech Mahindra's stock fell as much as 4.7 per cent during the day to ₹1,375 per share, the worst intraday loss since April 7 this year
Cyient's stock fell as much as 9.71 per cent during the day to ₹1,125 per share, the worst intraday loss since January 24 this year
SBI Life share price: In its fourth quarter ended March 31, 2025, SBI Life reported a net profit of ₹813.51 crore as compared to ₹810.8 crore in the year-ago period
FMCG major says it strengthened market leadership as sales slowed down
The net premium income of the life insurer slipped by 5 per cent year-on-year (Y-o-Y) to ₹23,860.71 crore in the reporting quarter
Loan loss provisions, slippages rise
Mid-tier IT company Persistent Systems on Thursday posted a 25 per cent jump in March quarter profit to Rs 395.76 crore. The Pune-headquartered company reported a net profit of Rs 315.32 crore in the year-ago period. Its revenues grew 25.2 per cent to Rs 3,242 crore from Rs 2,591 crore in the year-ago period, while operating profit margin expanded to 15.6 per cent from 14.5 per cent in the year-ago period. Its Chief Financial Officer Vinit Teredesai said the margins will further expand up to 2 percentage points in FY26. Speaking to PTI, he also added that the company is maintaining its aspiration of getting USD 2 billion in revenues by FY26, as against USD 1.4 billion in FY25 despite the ongoing uncertainties. He said it is very difficult to predict the exact outcome for the company from the shift in trade policies, and added that deal signings have become sluggish as customers adopt a cautious stance. The company's new deal signings declined to USD 517.5 million in the reporting
The company said that the recovery of past regulatory asset charges was recorded at ₹221.23 crore, which was added to the revenue from operations
The company's total expenses for the quarter stood at Rs 5,514.82 crore, up 13.11 per cent Y-o-Y
Sterling and Wilson Renewable Energy Ltd (SWREL) on Thursday reported a manifold rise in consolidated net profit to Rs 55 crore in the March quarter, on account of higher income. It had posted a net profit of Rs 1.40 crore in the January-March period of the preceding 2023-24 fiscal year, the company said in an exchange filing. During the fourth quarter of FY25, the company's total income surged to Rs 2,506.45 crore from Rs 1,211.40 crore in the same period a year ago. Expenses stood at Rs 2,419.73 crore as against Rs 1,177.66 crore in the fourth quarter last fiscal. For the entire financial year 2024-25, SWREL reported a net profit of Rs 85.55 crore. It had a loss of Rs 210.79 crore in FY24. Total income rose to Rs 6,341.46 crore in the fiscal, from Rs 3,120.79 crore a year ago. In a statement, the company's Global CEO C K Thakur said "We are poised for a significant growth across markets considering the commendable pipeline of projects both in the domestic and international reg
Revenue for the fourth quarter increased 4 per cent year-on-year (Y-o-Y) to ₹13,384 crore. On a sequential basis, revenue was up 0.7 per cent
FMCG major flags firming of milk, cocoa and coffee prices
Reported deal-booking stood at $1.6 billion versus $1.68 billion in Q3FY25. The headcount fell by 2,493, bringing the total to 84,307 employees
The company's revenue from operations in Q4 FY25 stood at ₹4,224.3 crore, a 5.12 per cent rise YoY, falling short of the Bloomberg analysts' poll estimate of ₹4,414 crore
SBI Card on Thursday reported a 19 per cent decline in profit to Rs 534 crore in the March quarter, on account of a rise in defaults. Pure-play credit card company, promoted by SBI, SBI Cards and Payment Services Ltd (SBI Card) had earned a profit of Rs 662 crore in the fourth quarter of the previous fiscal. However, total income rose to Rs 4,832 crore against Rs 4,475 crore in the year-ago period. Interest income too improved to Rs 2,415 crore in Q4 FY25 as compared to Rs 2,139 crore in the same quarter a year ago. During the quarter, the gross non-performing assets were at 3.08 per cent of gross advances against 2.76 per cent as of March 31, 2024. Similarly, net non-performing assets rose to 1.46 per cent as compared to 0.99 per cent at the end of the fourth quarter of previous fiscal. As a result, impairment losses and bad debts jumped to Rs 1,245 crore from Rs 944 crore a year ago. For the full fiscal 2024-25 too, profit declined by 20 per cent to Rs 1,916 crore against Rs 2
The company cited robust demand across sectors and geographies, driven by ongoing IT modernisation and digital transformation initiatives
Indian Energy Exchange (IEX) on Thursday posted a rise of over 21 per cent in consolidated net profit to Rs 117.11 crore in March quarter of FY25 compared to a year ago, mainly on the back of higher revenues. It had reported a consolidated net profit of Rs 96.68 crore in the quarter ended on March 31, 2024, a regulatory filing showed. Total income in the reporting quarter rose to Rs 174.59 crore from Rs 149.28 in the same period year ago. During the 2024-25 fiscal, the consolidated net profit of the company rose to Rs 429.16 crore compared to Rs 350.78 crore in the preceding financial year. Total income in the fiscal rose to Rs 657.36 crore from Rs 550.84 crore in 2023-24. The board of directors has recommended the final dividend of Rs 1.50 per equity share having a face value of Re one each for the financial year ended March 2025. The board has fixed May 16, 2025 as the 'record date' to ascertain the eligibility of shareholders for payment of final dividend, it said. The final
Net interest income in the third quarter rose 6 per cent to ₹13,811 crore, NII was ₹13,089 crore in the fourth quarter of the previous financial year