Finshorts
Under the new tax regime, Finance Minister Nirmala Sitharaman announced no income tax for individuals earning up to Rs 12 lakh annually. Salaried employees can earn up to Rs 12.75 lakh tax-free, including a Rs 75,000 standard deduction. Revised slabs offer significant savings, up to Rs 1.10 lakh tax benefit for higher earners. The move … Read more
ONGC’s Q3 net profit fell 16.7% YoY to Rs 8,240 crore due to lower crude oil prices, with realisations at USD 72.57 per barrel. Gross revenue declined 3.1% to Rs 33,771 crore. However, crude oil production rose 2.2% to 4.653 million tonnes, and gas production grew 0.3%. The board approved a second interim dividend of … Read more
Bandhan Bank’s Q3 net profit fell 42% YoY to Rs 426 crore due to higher provisions of Rs 336 crore for bad loans and ESOP accounting changes. Operating profit rose to Rs 2,021 crore, while deposits grew to Rs 1.41 lakh crore. Gross and net NPAs declined by 24.1% and 32.9%, respectively. The bank plans … Read more
Sun Pharma’s Q3 net profit grew 15% YoY to Rs 2,903 crore, driven by strong sales in India and emerging markets. Revenue rose to Rs 13,675 crore, up 10% YoY. The company declared an interim dividend of Rs 10.5 per share, higher than last year’s Rs 8.50. India sales grew 13.8%, while US sales dipped … Read more
Vedanta reported a 76.2% rise in Q3 net profit to Rs 3,547 crore, driven by a 9.5% increase in consolidated income to Rs 39,795 crore. EBITDA hit a record Rs 11,284 crore, with aluminum and zinc businesses seeing 58% and 28% YoY growth, respectively. The company’s demerger process is on track, and parent Vedanta Resources … Read more
Punjab National Bank (PNB) reported a 103% jump in Q3 net profit to Rs 4,508 crore (Dec 2024), up from Rs 2,223 crore a year ago. Total income rose to Rs 34,752 crore, driven by higher interest income. Asset quality improved, with gross NPAs falling to 4.09% and net NPAs to 0.41%. Provisions for bad … Read more
Nestle India reported a 4.94% rise in net profit to Rs 688.01 crore for Q4 2024, driven by a 3.89% increase in revenue to Rs 4,762.13 crore. Domestic sales grew 3.23%, while exports surged 21.15%. Total expenses rose 6.18%. Shares jumped 6.46% to Rs 2,362, reflecting investor optimism over steady growth and strong brand performance.
Suzlon Energy’s shares surged 5% on Friday, hitting the upper circuit at Rs 58.15, marking the third consecutive gain. The renewables firm reported strong Q3 results, with revenue and profit beating estimates, driven by a 163% year-on-year (YoY) rise in wind turbine execution. Its order book reached 5.5 gigawatts (GW), with analysts from ICICI Securities, … Read more
Larsen & Toubro (L&T) reported a 14% year-on-year (YoY) rise in consolidated profit after tax (PAT) to Rs 3,359 crore for Q3 FY25, driven by strong execution and a record quarterly order inflow of Rs 1,16,036 crore, up 53% YoY. Revenue grew 17% to Rs 64,668 crore, with international business contributing 51%. The order book … Read more
Kalyan Jewellers India Ltd’s shares surged 9% on Friday after the company reported a 40% rise in Q3 consolidated revenue, in line with Motilal Oswal Financial Services Limited (MOFSL) estimates. MOFSL maintained a ‘Buy’ rating, targeting a 42% upside, citing strong growth in non-southern markets and franchise businesses. However, urban market slowdowns may pressure discretionary … Read more