Finshorts
Indian Energy Exchange (IEX) posted a strong 21% YoY rise in Q4 FY25 net profit to ₹117.11 crore, driven by higher revenue and record power trading volume of 31.7 billion units. Full-year profit rose to ₹429.16 crore. REC (Renewable Energy Certificate) trades surged 136% in FY25. Solid operational growth and final dividend of ₹1.50/share may … Read more
SBI Cards and Payment Services Ltd reported a 19% drop in Q4 FY25 profit to ₹534 crore due to higher defaults and impairment losses. Gross non-performing assets rose to 3.08% from 2.76% YoY, while full-year profit slipped 20% to ₹1,916 crore. Despite income growth, worsening asset quality may weigh on investor sentiment and limit near-term … Read more
Arkade Developers reported a 19.8% YoY rise in FY25 sales bookings to ₹773 crore, with Q4 bookings up 11% to ₹217 crore. The company sold 2.49 lakh sq ft during the year, up 22.7% YoY. With rising collections and demand in Mumbai’s residential market, Arkade’s strong execution and steady growth could attract investor interest ahead … Read more
Realty firm Anant Raj Ltd posted a 51% rise in consolidated net profit to ₹118.64 crore in Q4 FY25, compared to ₹78.33 crore last year. Total income rose 21.6% YoY to ₹550.9 crore. For full FY25, profit surged 63% to ₹425.54 crore. Strong earnings growth reflects robust demand in real estate and data center segments, … Read more
The Indian Rupee gained for the fifth straight session, closing 25 paise higher at 85.13 against the US Dollar on Monday. Key drivers included a sharp fall in the Dollar Index (now at 98.10), robust foreign institutional investor (FII) inflows of ₹4,667 crore, and a 2.8% drop in crude oil prices. Positive sentiment in equities … Read more
Life Insurance Corporation of India (LIC) increased its stake in Bank of Baroda from 5.03% to 7.05% by acquiring 10.45 crore shares from the open market between November 2023 and April 2025. This steady accumulation signals LIC’s long-term confidence in the bank’s growth. The stock reacted positively, rising over 3% on Monday, indicating bullish sentiment … Read more
Wipro Ltd reported a 25.9% YoY jump in Q4 FY25 net profit to ₹3,569.6 crore, but revenue growth remained muted at 1.33%. Full-year revenue dipped 0.74%. Despite strong deal wins, Wipro expects Q1 FY26 revenue to fall 1.5–3.5% sequentially in constant currency. Cautious client spending and weak guidance may limit near-term stock upside, despite strong … Read more
IREDA (Indian Renewable Energy Development Agency Ltd) surged nearly 6% after reporting a 49% year-on-year rise in net profit to ₹502 crore for Q4 FY25, with record full-year profit of ₹1,699 crore. Revenue rose 37% YoY. Despite recent regulatory action against borrower Gensol Engineering, strong financials and a 20% increase in net worth boosted investor … Read more
IndusInd Bank jumped 7% after PricewaterhouseCoopers (PwC) assessed a ₹1,979 crore negative impact on its net worth from accounting lapses in its derivatives portfolio. Despite the setback, the stock rallied for a third straight session, adding ₹4,082 crore in market value. Investor confidence remains intact as the bank plans corrective actions and better internal controls, … Read more
Waaree Renewable Technologies Limited (WRTL) reported an 83% year-on-year jump in net profit to ₹93.76 crore for Q4 FY24, driven by higher income. Total revenue rose to ₹481.43 crore from ₹275.35 crore last year. Strong financials may support positive stock movement. Board-level changes, including a new Chief Financial Officer and Executive Director, signal leadership’s focus … Read more