Finshorts
Tata Motors’ Q3 FY25 profit declined 22% to Rs 5,578 crore due to weak passenger and commercial vehicle sales, despite a 3% rise in revenue to Rs 1,13,575 crore. Jaguar Land Rover reported record revenue of 7.5 billion pounds with its best EBIT margin in a decade. Tata Motors’ stock hit a 52-week low, falling … Read more
Blue Star Ltd posted a 31.85% rise in net profit to Rs 96.06 crore in Q3 FY25, with revenue surging 25.26% to Rs 2,807.36 crore. Strong festive demand boosted its room air-conditioner business, while commercial AC and electro-mechanical projects saw a 32% growth. However, revenue from professional electronics fell 22.1%. Shares rose 3.68% to Rs … Read more
ITC Hotels Ltd, the demerged entity of ITC Ltd’s hotel business, was listed at Rs 188 on the BSE and Rs 180 on the NSE but declined 5% to Rs 178.60. The company’s market valuation stood at Rs 39,126 crore. The demerger, effective January 1, 2025, aims to provide operational autonomy, with ITC retaining a … Read more
Shares of Aditya Birla Sun Life AMC fell nearly 9% after its December quarter results failed to impress investors. The company reported a 7% rise in Profit After Tax to Rs 224.5 crore, while revenue surged 30% to Rs 445.1 crore. Despite a 23% year-on-year growth in Assets Under Management to Rs 3.84 lakh crore, … Read more
Banking stocks rallied with Axis Bank and HDFC Bank rising over 3% after the Reserve Bank of India announced liquidity measures worth Rs 1.5 lakh crore, boosting investor sentiment. The RBI’s steps, including government securities purchases and repo auctions, aim to ease liquidity conditions and raise the chances of a rate cut in February. The … Read more
Federal Bank reported a 5% decline in Q3 FY25 net profit to Rs 955 crore, impacted by tripled provisions at Rs 292 crore. Total income rose 38% YoY to Rs 7,725 crore, supported by higher interest income. Asset quality improved, with gross non-performing assets at 1.95% (down from 2.29% YoY) and net non-performing assets at … Read more
Coforge reported a 10% year-on-year increase in adjusted net profit to Rs 268 crore for Q3 FY25, driven by robust operational execution and 40.3% revenue growth. The company secured 4 large deals and expanded margins by 122 basis points. With a strong order book up 40% YoY and continued broad-based growth, Coforge expects sustained momentum … Read more
UltraTech Cement reported a 17% year-on-year drop in net profit to Rs 1,474 crore for Q3 FY25, despite a 3% rise in revenue to Rs 17,193 crore. Higher expenses impacted profitability, while domestic sales volumes grew 10%. Capacity utilization stood at 73%. Ongoing expansion projects, including recent acquisitions, are set to boost cement capacity beyond … Read more
Hindustan Unilever Ltd reported a 19.18% year-on-year growth in consolidated net profit to Rs 2,989 crore for Q3 FY25, driven by steady revenue growth. Total income rose marginally to Rs 16,050 crore, while expenses increased to Rs 12,576 crore. The company’s consistent profit growth reinforces its strong position in the fast-moving consumer goods (FMCG) sector, … Read more
Industry leaders anticipate significant railway sector announcements in Budget 2025-26, focusing on freight speed enhancement, advanced electric locomotives, and wagon procurement. With a 3 lakh long-term wagon plan underway, hopes are high for a repeat of 2022’s 1.2 lakh wagon orders, which would push logistics share to 45%. Expanding dedicated freight corridors and modernization projects … Read more