Jio Financial Services Ltd on Thursday said its consolidated net profit rose 1.8 per cent to Rs 316.11 crore for the March quarter. The company had earned a consolidated net profit of Rs 310.63 crore in the same quarter of the previous 2023-24 fiscal year. Its profit in the third quarter of 2024-25 fiscal year was Rs 295 crore, Jio Financial Services said in a regulatory filing. Total income increased to Rs 518 crore, from Rs 418 crore in the fourth quarter of the previous fiscal year, a year-on-year growth of 24 per cent. Total expenses also witnessed a year-on-year increase at Rs 168 crore as compared to Rs 103 crore in the same quarter a year ago. For the full 2024-25, the company's net profit also improved marginally to Rs 1,612.59 crore, as against Rs 1,604.55 crore in 2023-24. The board of the company recommended a dividend of Rs 0.50 per equity share of Rs 10 each for the financial year ended March 31, 2025. Jio Financial Services, carved out from Reliance Industries Ltd,
Net profit of the company grew by 15 per cent Y-o-Y in FY25 to ₹1,802 crore
In comparison, the company posted a PAT of Rs 541 crore in the year-ago period, the fund house said in a regulatory filing to the stock exchanges
HDFC Life's net premium income stood at Rs 23,765 crore during the fourth quarter, up from Rs 20,488 crore in the same period last fiscal
Q4 FY25 results today, April 17: Infosys, Jio Financial, HDFC Life and Tata Elxsi among 12 firms to release earning report for the January-March quarter
Sensex Today | Stock Market Close Highlights: Nifty surged 4.5% this week to 23,852, its biggest weekly gain since Feb 2021. HDFC Bank, ICICI Bank, Bharti Airtel and Bajaj Finserv hit all-time highs.
Bharti Airtel is now ranked 4th on the Indian stock exchanges in terms of market-cap; the stock has rallied nearly 15% in the last one month.
In the past one month, HDFC Bank and ICICI Bank have outperformed the market by surging 10% and 9%, respectively, as against 4% rise in the Nifty 50.
Infosys stock was quoting at ₹1,385, down 1.99 per cent compared to previous day's close of ₹1,413.10 on the National Stock Exchange
Angel One's stock was quoting at ₹2,262, down 3.85 per cent on the National Stock Exchange
The bottom line rose to ₹93.8 crore during the fourth quarter on account of higher revenue
The selling on the counter can be attributed to the company expecting lower revenue estimates for Q4 2024-25 from its largest client
Waaree Renewable Technologies Ltd (WRTL) on Wednesday posted about 83 per cent rise in its consolidated net profit to Rs 93.76 crore in the March quarter on account of higher income. It had reported a net profit of Rs 51.31 crore in the January-March period of the preceding 2023-24, the company said in an exchange filing. The company's total income rose to Rs 481.43 crore from Rs 275.35 crore in the same quarter a year ago. Its expenses stood at Rs 356.25 crore against Rs 203.27 crore in the year-ago quarter. The company's board has also approved the appointment of Sudhir Arya as an Additional Director in the category of (Non-Executive, Independent Director) of the company with effect from Wednesday, April 16, 2025. It has also approved the changed designation of Sunil Rathi from Non-Executive Director to Executive Director on terms and conditions as may be decided by Board with the effect from Wednesday, April 16, 2025. Manmohan Sharma has been appointed as the Chief Financial .
The information technology bellwether will report its earnings for the quarter ended March on April 17, Thursday
Wipro Q4 FY25 result: The interim dividend of ₹6, declared by the Board in January will be considered as the final dividend for FY25
Sensex Today | Stock Market Close Highlights: The Sensex gained 3,197 points in last 3 trading days, Nifty added 1,038 points. Broader indices outperformed on Wednesday, breadth 2:1 in favour of bulls
In its Q4 business update released after market hours, the company posted a 17.31 per cent rise in the total revenue from operations to ₹1,525 crore
ICICI Lombard was trading at ₹1,801.90, down 1.14 per cent from Friday's close of ₹1,822.60 on the National Stock Exchange
The company's annual Annualised Premium Equivalent (APE) for the quarter under review stood at ₹3,502 crore as compared to ₹3,615 a year ago, down 3.1 per cent
HDFC Bank remains an outlier among banks because of its strong asset quality performance, given the rising stress, especially in the unsecured segment.