Finshorts
Life Insurance Corporation of India (LIC) reported a 17% rise in net profit to ₹11,056 crore in Q3 FY25, up from ₹9,444 crore last year. However, net premium income declined to ₹1,06,891 crore from ₹1,17,017 crore, signaling slower growth in new business. Total income also dropped to ₹2,01,994 crore. Investors may monitor premium trends and … Read more
Minda Corporation reported a 25% rise in profit after tax to ₹65 crore in Q3 FY25, driven by strong operational performance. Revenue increased 7% year-on-year to ₹1,253 crore. The board approved an interim dividend of ₹0.50 per share. The stock closed 0.64% lower at ₹575 on the BSE, despite the positive earnings growth.
The rupee rebounded 15 paise to close at 87.44 against the US dollar after the Reserve Bank of India cut the repo rate by 25 basis points to 6.25%. The rate cut, the first since May 2020, was in line with market expectations. Despite this, foreign institutional investors remained net sellers, and concerns over US-China … Read more
Mahindra & Mahindra reported a 20% rise in consolidated net profit to ₹3,181 crore in Q3 FY25, supported by strong auto and farm sales. Revenue grew 17% year-on-year to ₹41,470 crore. The SUV market share increased by 200 basis points, while tractor market share hit a record 44.2%. The company remains focused on execution and … Read more
Ola Electric reported a net loss of ₹564 crore in Q3 FY25, up from ₹376 crore a year ago, as revenue dropped 19% to ₹1,045 crore due to rising competition and service-related costs. The company incurred ₹110 crore in one-time expenses to fix service issues but expects cost normalization by FY26. Despite challenges, e-scooter registrations … Read more
Goodluck India reported a 26% rise in Q3 FY25 net profit to ₹40 crore, driven by strong demand for high-margin value-added products. Revenue grew 7% year-on-year to ₹942 crore, while EBITDA increased 9% to ₹82 crore. Sales volume surged 21% to 1,11,078 metric tonnes. The upcoming hydraulic tube plant in Uttar Pradesh is expected to … Read more
The Reserve Bank of India, under new Governor Sanjay Malhotra, cut the repo rate by 25 basis points to 6.25%, the first reduction since May 2020. This move, aligning with Budget 2025-26’s fiscal push, aims to boost consumption and economic growth. Sectors like banking, real estate, and auto may benefit as lower borrowing costs improve … Read more
Welspun Corp reported a 129% jump in net profit to Rs 672.19 crore for Q3 FY25, driven by reduced expenses. However, total income declined to Rs 3,656.57 crore from Rs 4,758.17 crore year-on-year. The company, a leading global pipe manufacturer, significantly cut costs to Rs 3,351.36 crore, boosting profitability despite revenue pressure. Investors may watch … Read more
Info Edge, the parent of Naukri, posted a 61% rise in net profit to Rs 242.6 crore for Q3 FY25, driven by 15% revenue growth to Rs 722.3 crore. The board approved a 1:5 stock split to boost liquidity and attract retail investors. Strong performance across recruitment and non-recruitment businesses led to improved operating profits … Read more
P C Jeweller posted a consolidated net profit of Rs 147.96 crore for Q3 FY25, reversing a net loss of Rs 197.98 crore a year ago. Revenue surged to Rs 683.44 crore, driven by strong festive and wedding season demand. The company’s growth momentum, supported by increased consumer footfall, reflects improved financial performance, boosting investor … Read more