Finshorts
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
NIIT Learning Systems reported a 9% increase in net profit to ₹61.7 crore for Q3 FY25, supported by a 7% rise in revenue to ₹418.8 crore. The company added two global Managed Training Services clients and achieved 100% contract renewals. With its innovative use of Artificial Intelligence in learning, NIIT is enhancing client engagement. Shares … Read more
Denta Water and Infra Solutions’s Initial Public Offering (IPO) was fully subscribed within minutes of opening. The IPO, priced at ₹279-₹294 per share, will raise ₹220.5 crore through a fresh issue of 75 lakh shares. Proceeds of ₹150 crore will fund working capital needs. Retail and non-institutional investor categories were subscribed 2.38x and 2.6x, respectively.
Multi Commodity Exchange (MCX) reported a net profit of ₹160.04 crore for Q3 FY25, rebounding from a ₹5.35 crore loss a year ago. Revenue rose 55% year-on-year to ₹324.36 crore, while expenses dropped 45% to ₹123.03 crore. This strong performance highlights improved operational efficiency and revenue growth, potentially boosting investor confidence in India’s largest non-agricultural … Read more
The rupee appreciated by 17 paise to 86.28 against the US dollar on Tuesday as the dollar index weakened to 108.31 and crude oil prices eased to USD 80.11 per barrel. Despite sustained Foreign Institutional Investor outflows of USD 6.73 billion this month, softer US bond yields and a positive budget outlook provided support. Traders … Read more
Indian Railway Finance Corporation (IRFC) reported a 2% increase in Q3 FY25 net profit to Rs 1,631 crore, supported by stable income growth to Rs 6,766 crore and marginally lower expenses. The company raised Rs 6,600 crore via bonds for business expansion, boosting its net worth to Rs 52,046 crore. Investors may find the steady … Read more
IDBI Bank reported a 31% rise in net profit to Rs 1,908 crore for Q3 FY25, aided by improved net interest income and lower provisions. Net interest income grew 23% to Rs 4,228 crore, while gross non-performing assets reduced to 3.57% from 4.69%. With a strong capital adequacy ratio of 21.98%, the bank’s improving asset … Read more
Zomato reported a 57.2% drop in Q3 FY25 net profit to Rs 59 crore, compared to Rs 138 crore a year ago. Revenue surged 64% year-on-year to Rs 5,405 crore, driven by its food delivery, Hyperpure, and Blinkit segments. However, expenses rose sharply to Rs 5,533 crore, impacting margins. Zomato’s stock fell 7.26% to Rs … Read more
One97 Communications, owner of Paytm, reported a consolidated loss of Rs 208.5 crore in Q3 FY25, compared to Rs 221.7 crore a year ago. Revenue fell 36% year-on-year to Rs 1,827.8 crore but improved 10% sequentially. The narrowing loss reflects better cost management, but declining revenue signals challenges in sustaining growth momentum, which could influence … Read more
Wipro reported a 24% rise in Q3 FY25 net profit to Rs 3,354 crore, surpassing expectations, driven by growth in banking and financial services. However, challenges persist in the Asia Pacific, Middle East, and Africa regions. Despite a cautious macro environment, Wipro anticipates better growth in 2025, supported by AI investments and a stronger US … Read more