FINANCIAL YEAR
NTPC Green Energy shares tumble 4% after Q3 results
NTPC Green Energy's shares fell by 3.8% to Rs 107.90 on January 27 after reporting an 18% YoY growth in net profit for Q3 FY25 at Rs 65.61 crore. However, the EPS dropped to Rs 0.08 per share from Rs 0.12 per share in Q3FY24.
Q3 results today: Coal India, Tata Steel among 78 companies to announce earnings on Monday
The third quarter earnings season is ongoing with key companies like Coal India, Tata Steel, and Indian Oil set to announce their results. Tata Steel is expected to report losses due to weak Indian operations and forex issues, while Coal India may see a slight fluctuation in revenue amidst lower e-auction realizations.
Strong fee income, reducing PSL gap helps Yes Bank post growth in profit
Yes Bank's net profit surged to Rs 612 crore in the December 2024 quarter, driven by a robust growth in fee income, reduced RIDF deposits, and lower provisions due to improved asset quality. The bank's non-interest income grew by 27%, and its gross NPA ratio dropped to 1.6%. Additionally, SME and mid-large corporate advances increased by 27% year-on-year.
IDFC First Bank Q3 results: PAT declines 53% YoY; NII grows 14%
IDFC First Bank reported a 15% decline in net profit for Q3FY25, while its net interest income rose by 14%. The bank's gross NPA ratio improved to 1.94%, and customer deposits increased by 28.8% YoY. CASA deposits surged by 32.3%, and the CASA ratio stood at 47.7%.
Bank of India Q3 Results: Profit rises 35% to Rs 2,517 crore
The lenders' total income increased to Rs 19,957 crore during the third quarter of the ongoing fiscal against Rs 16,411 crore a year ago, BoI said in a regulatory filing.
KEI Industries, Tanla Platforms record date for interim dividend on Monday. Do you own?
KEI Industries and Tanla Platforms have announced interim dividends, with January 27 as the record date for eligibility. KEI Industries declared a Rs 4 per share dividend, while Tanla Platforms approved Rs 6 per share. Shareholders holding stocks by this date will qualify for the payouts, which will be distributed by February 20.
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United Spirits Q3 Results: Net profit down 4% at Rs 335 crore
United Spirits Ltd on Thursday reported a 4.3 per cent decline in consolidated net profit at Rs 335 crore in the December quarter, impacted by higher expenses and severance costs related to a closed unit.
Mankind Pharma Q3 Results: Profit falls 16% to Rs 384 crore
Mankind Pharma on Thursday said its consolidated net profit declined 16.5 per cent to Rs 384 crore in the third quarter ended December 31, 2024. The company had reported a net profit of Rs 460 crore for the October-December period of last fiscal.
Spandana Sphoorty Financial suffers 2nd quarterly loss, breaches borrowing covenants, regulatory norm
Spandana Sphoorty Financial posted a ?440 crore net loss in Q3 FY24, its second consecutive quarterly loss, driven by ?626 crore bad loan write-offs and higher provisions. Regulatory exemptions and lender discussions continue amid covenant breaches.
KFin Technologies Q3 Results: Profit rises 35% to Rs 90 crore
KFin Technologies Ltd on Thursday reported a 35 per cent year-on-year surge in profit after tax to Rs 90.18 crore for three months ended December 2024.
IndiGo Q3 Preview: PAT may fall 25% YoY on AoG-related costs
JM Financial expects IndiGo's margins to improve sequentially, supported by lower fuel prices and double-digit ASK growth per company guidance. While YoY yields may moderate, sequential growth is anticipated. Increased capacity, seasonal tailwinds, and an improving AOG situation are likely to boost the company's earnings trajectory.
On tighter credit rein, HDFC Bank profits inch up 2%
HDFC Bank reports a 2% rise in net profit for the December quarter to ?16,736 crore. The bank deliberately slowed loan disbursals to prevent its credit-to-deposit ratio from worsening. The profit exceeded Bloomberg's consensus estimates, and the bank plans to align its growth with the industry next year and exceed it by FY27.
HDB Financial's Q3 net drops 27% on provisions
Financing costs increased 31% year-on-year to ?1,645 crore during the quarter. Provisions on bad loans increased to ?636 crore from ?283 crore a year ago as the bank sought cover for rising non-performing assets (NPAs). Net interest margin (NIM) dropped to 7.5% from 7.7% a year ago.
Tips Music Q3 net jumps 27% to Rs 44 crore, Rs 3/share dividend announced
Tips Music reported a 27% YoY net profit growth to ?44.2 crore in Q3FY25, supported by a 20% revenue rise. Strong digital performance and global collaborations fueled growth, with YouTube views increasing 17% YoY.
Polycab India Q3 results: PAT rises 11% YoY to Rs 464 cr; stock down over 6%
Polycab India posted its highest-ever Q3 FY25 revenue of ?5,226.1 crore, a 20% YoY growth, with PAT rising 11% to ?463.3 crore. Strong performance across Wires, Cables, and FMEG segments drove growth.
MRPL Q3 Results: Net profit drops 21% YoY to Rs 309 crore
Mangalore Refinery and Petrochemicals Ltd (MRPL) on Monday reported a 21 per cent drop in its third-quarter net profit as revenues slid, negating a rise in refinery margins.
Zomato Q3 Results Preview: Revenue may jump 66% YoY; rapid store additions to aid Blinkit growth
Zomato is expected to report strong Q3FY25 growth, with a 66% YoY revenue increase, driven by food delivery and Blinkit¡¯s expansion. Blinkit revenues are projected to surge 110% YoY due to store additions. However, the consolidated EBITDA margin may see a 60bps QoQ contraction due to increased competition in quick commerce.
Q3 numbers modest; RIL, IT Inc make presence felt
Aggregate numbers were influenced by the performance of Reliance Industries (RIL), the country's largest company by revenue and market capitalisation, and by the top software exporters.
Jio Financial Q3 Results: PAT remains flat YoY at Rs 295 crore, revenue rises 6%
Jio Financial Q3 Results: The Mukesh Ambani-led company reported a total revenue of Rs 438 crore in Q3FY25, marking a 6% increase from Rs 414 crore in the same quarter last year. Net profit dropped 57% QoQ compared to Rs 689 crore in Q2FY25, driven by a 37% sequential revenue decline. Revenue for the July-September quarter was Rs 693 crore.
Q3 results today: Wipro, Jio Financial among 36 companies to announce earnings on Friday
Wipro is likely to have a subdued third quarter with constant currency revenue expected to be declining and may well be the weakest among the peers.
Chinese Horoscope 2025: Horse, Ox and these zodiac signs will attract money this week January 13 - 19, 2025
With the Year of the Snake approaching, the energy of success emphasizes mindfulness and sustainability, fostering growth and long-lasting achievements.
Next round of capital raise to reduce govt holding below 75%: BoM MD
Bank of Maharashtra plans to further raise capital to reduce government holding below 75% and comply with Sebi's MPS norms. Currently, the government's stake is 79.6%. The bank reported a 36% increase in net profit to Rs 1,406 crore for Q3FY25, with a 19.37% growth in Net Interest Income and improved asset quality indicators.
Tech Mahindra Q3 results preview: PAT could jump by up to 102% YoY amid healthy uptick in margins
Tech Mahindra's Q3FY25 revenue is projected to increase by 0.7% to 2.6% YoY, with adjusted net profit potentially rising by 42% to 102%. Analysts focus on communications, media & entertainment (CME), and BFS verticals for growth and margin improvement, with varying recommendations from major brokerages.
India poised to become world's 4th largest economy by 2026; GDP to grow 6.8% in FY25: PHDCCI
India is set to become the fourth-largest economy by 2026, surpassing Japan, according to PHDCCI. The country's GDP is projected to grow by 6.8% this year and 7.7% in FY26. PHDCCI calls for lower income tax rates for middle-income earners and a reduction in benchmark interest rates.
ITR filing deadline: Last date to claim Section 87A tax rebate; do it now by filing revised ITR on or before January 15, 2025
Income tax deadline: The last date to file a revised income tax return (ITR) is January 15, 2025 as per the order of the Honourable Bombay High Court. CBDT also issued a notification about the same. Experts suggest taxpayers to utilise this deadline to file a revised ITR to claim section 87A tax rebate if eligible. Section 87A tax rebate reduced your tax liability to nil.
Sharechat parent firm Mohalla loss narrows to Rs 1,897 crore in FY24
Homegrown social media platform Sharechat's parent firm Mohalla Tech reduced its consolidated loss to Rs 1,897.63 crore in FY2024 from Rs 5,143.42 crore in FY2023. The company's total income rose to Rs 747.08 crore in FY24. On a standalone basis, the loss shrank to Rs 1,763.65 crore with revenue increasing by 33%.
Investing in crypto for high returns, quitting job for a start-up, avoiding equities¡ªwhy to avoid such new year resolutions
People often make financial new-year resolutions that are unrealistic and ill planned. Without a proper assessment of your financial status, goals such as starting a business, making risky investments or more can backfire and leave you worse off. Know why it is crucial to set well planned and well reasoned financial resolutions for yourself in this article.
A 30-year-old techie, fearful of job security, is hesitant to marry
A 30-year-old techie earning Rs 75,000 monthly is concerned about financial stability due to past salary delays and fear of losing his job. He is saving for marriage and cautious about loans. He wants to own a home. Users suggest managing expenses, saving, and investing in funds. Improving skills and seeking secure jobs were also recommended.
UCO Bank reports 16.2% growth in advances, 9.37% in deposits
Uco Bank, a state-owned entity, reported a 16.2% year-on-year growth in advances at the end of 2024, reaching Rs 2.08 lakh crore. Deposits grew by 9.37% to Rs 2.80 lakh crore, with domestic deposits rising 7.29% to Rs 2.65 lakh crore. The credit-deposit ratio increased to 74.55% from 71.77% a year earlier.
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