Finshorts
The World Bank projects India’s economic growth to remain steady at 6.7% annually for FY26 and FY27, driven by a strong services sector and improved private investment. With government reforms, manufacturing is expected to strengthen, though FY25 growth may moderate to 6.5% due to weaker investments. Steady private consumption, supported by rising rural incomes, remains … Read more
Havells India reported a 3.45% drop in Q3 FY25 net profit to Rs 277.96 crore, despite a 10.76% increase in revenue to Rs 4,888.98 crore. Rising expenses and commodity price fluctuations impacted margins. The company declared a 400% interim dividend (Rs 4 per share). Management remains optimistic about improved demand and margins ahead. Shares closed … Read more
LTIMindtree reported a 7.14% decline in Q3 FY25 net profit to Rs 1,085.4 crore, while revenue grew 7.14% year-on-year to Rs 9,660.9 crore. Despite sequential profit pressure, record order inflows of USD 1.68 billion highlight robust demand driven by its Artificial Intelligence strategy. The company’s focus on AI investments and partnerships positions it for future … Read more
Infosys reported an 11.46% year-on-year increase in net profit to Rs 6,806 crore for Q3 FY25, with revenue rising 7.58% to Rs 41,764 crore. Sequential growth in a typically weak quarter highlights robust demand for its digital and Artificial Intelligence offerings. The company’s focus on generative AI is driving client traction. Shares may see positive … Read more
Axis Bank posted a 4% growth in net profit to Rs 6,304 crore for Q3 FY25, driven by a 9% rise in net interest income to Rs 13,483 crore. Retail asset quality challenges caused slippages of Rs 4,923 crore, lifting gross NPAs to 1.46%. The bank is tightening loan eligibility criteria amid macroeconomic pressures. Shares … Read more
MobiKwik has joined hands with Piramal Capital & Housing Finance Ltd to offer personal loans ranging from Rs 50,000 to Rs 2 lakh through its platform. The loans, under MobiKwik’s ZIP EMI service, are available to users aged 23–55 with a minimum income of Rs 25,000 and a tenure of 6–24 months. This collaboration expands … Read more
Waaree Renewables Technology Limited reported a 17% decline in net profit to Rs 53.48 crore for Q3 FY25, impacted by higher expenses. Total income increased to Rs 364.12 crore from Rs 324.67 crore a year ago, but expenses surged to Rs 293.39 crore. Investors may focus on cost management and revenue growth as key factors … Read more
Reliance Industries reported a 7.4% year-on-year increase in net profit to Rs 18,540 crore for Q3 FY25, driven by growth in its retail and telecom segments. Revenue from operations climbed to Rs 2.43 lakh crore, up from Rs 2.27 lakh crore in the year-ago period. Sequentially, profits also improved from Rs 16,563 crore in Q2. … Read more
Adani Group stocks rallied on Thursday after Hindenburg Research, known for its critical reports on the group, announced its closure. Shares of Adani Power soared 9.21%, Adani Green Energy rose 8.86%, and Adani Enterprises gained 7.72%. Other companies like Adani Total Gas, NDTV, and Adani Energy Solutions also made significant gains. The closure of Hindenburg … Read more
CEAT Ltd reported a 46.48% drop in Q3 FY25 net profit to ₹97.03 crore, impacted by rising raw material costs. Revenue grew 11% year-on-year to ₹3,299.9 crore, driven by strong demand in the replacement segment. Total expenses surged to ₹3,175.58 crore. Management expects stable demand and a robust order pipeline, with raw material costs likely … Read more