Finshorts
Indian Railway Catering and Tourism Corporation (IRCTC) reported a 13% rise in profit after tax to ₹341.08 crore for Q3 FY25, driven by higher income. Revenue grew to ₹1,281.20 crore from ₹1,161.04 crore YoY. The board approved a ₹3 per share interim dividend, with February 20 set as the record date. The stock may see … Read more
Gold prices surged to an all-time high of ₹86,360 per 10 grams on the Multi Commodity Exchange, tracking global gains. Internationally, gold futures crossed $2,930 per ounce, driven by rising economic uncertainties and central bank buying. Analysts expect strong safe-haven demand to keep gold prices elevated. However, MCX gold later pared gains to ₹85,610, reflecting … Read more
FSN E-Commerce (Nykaa) reported a 51% rise in net profit to ₹26.41 crore for Q3 FY25, driven by strong beauty segment growth. Revenue rose 27% YoY to ₹2,267 crore, while gross merchandise value surged 25% to ₹4,528 crore. The beauty segment led with 32% YoY growth, reaching ₹3,390 crore GMV. Nykaa expanded its store network … Read more
The rupee rebounded 61 paise to 86.84 against the US dollar on Tuesday after nearing the 88-mark on Monday. The Reserve Bank of India intervened, selling USD 2-3 billion to curb volatility amid rising trade war concerns. The US dollar index surged to 108.40, driven by new tariffs. The rupee is expected to trade in … Read more
Signature Global’s sales bookings jumped 178% year-on-year to Rs 8,670 crore in the first nine months of FY25, driven by strong housing demand in Delhi NCR. The company aims to achieve Rs 10,000 crore in sales for the full year. With projects worth Rs 13,500 crore launched and a significant debt reduction, Signature Global is … Read more
Devyani International, the KFC and Pizza Hut operator in India, posted a consolidated net loss of Rs 7.65 crore in Q3 FY25, impacted by higher expenses and tax outgoings. Revenue surged 53.5% year-on-year to Rs 1,294 crore. The company expanded its store network beyond 2,000 locations, aiming for long-term growth. Investors should monitor cost-control measures … Read more
Moody’s warns that Indian steel producers will struggle with exports after the US announced a 25% tariff on steel and aluminum imports. This could worsen oversupply and hurt pricing. High steel imports into India have already pressured margins. If implemented, the move may trigger new trade disputes. Investors should watch steel stocks like Tata Steel … Read more
Eureka Forbes reported a 52.5% rise in net profit to ₹35.03 crore for Q3 FY25, driven by a 10.8% revenue growth to ₹597.74 crore. Controlled by Advent International, the company saw improved operational performance despite rising expenses. Shares traded 0.33% higher at ₹548.40 on the BSE. Investors may watch for continued growth momentum in upcoming … Read more
The rupee fell 45 paise to an all-time low of 87.95 against the US dollar, pressured by RBI’s recent rate cut, a strong dollar, and global trade tensions. Market concerns grew after the US imposed 25% tariffs on steel and aluminum. With another rate cut expected in April, further weakness is likely. Forex reserves rose … Read more
Cholamandalam Financial Holdings reported a 6% YoY rise in Q3 FY25 profit to ₹1,092.9 crore, while total income surged 26% to ₹8,593 crore. Disbursements by Cholamandalam Investment and Finance grew 15% to ₹25,806 crore. The general insurance segment also saw premium growth. With strong expansion across businesses, the company’s long-term growth outlook remains positive for … Read more