KFin Technologies announced a robust 35 percent year-on-year growth in its profit after tax (PAT) for the third quarter of FY25, reaching Rs 90.18 crore. The company had recorded a PAT of Rs 66.83 crore during the same period last year. Operationally, the company’s revenue increased 32.6 percent YoY to Rs 290 crore in the […]
KFin Technologies Reports 35% Jump in Q3 Profit at Rs 90 Crore Read More »
Shares of Mankind Pharma dropped nearly 6 percent on January 24 following a sharp decline in its October-December net profit. The company reported a 16 percent year-on-year fall in profit to Rs 385 crore for Q3 FY25, impacted by increased expenses and the acquisition of Bharat Serums and Vaccines (BSV). At 9:51 AM, the company’s
Mankind Pharma Shares Fall 6% After Q3 Net Profit Declines 16% Read More »
Shares of Larsen & Toubro (L&T) fell by 1% on January 25 after reports suggested its bid for India’s Rs 70,000 crore P75(I) submarine project was disqualified. Meanwhile, shares of Mazagon Dock Shipbuilders (MDL) surged over 5% to Rs 2,411, as it emerged as the sole qualifying contender for the project. The P75(I) project, covered
HDFC Bank reported a 2.2 percent year-on-year (YoY) increase in its net profit, reaching Rs 16,736 crore for the quarter ending December 2024. This is slightly above the market estimate of Rs 16,650 crore predicted by Moneycontrol. The bank’s net interest income too increased 8 percent YoY, to Rs 30,690 crore, in line with analysts
HDFC Bank Q3 Results: Net Profit Rises 2.2% YoY to Rs 16,736 Crore Read More »
The state of Maharashtra secured 31 MoUs amounting to investments of more than ₹6.25 lakh crore at the World Economic Forum, Davos, in Switzerland. The deals span sectors including automotive, steel, defence, electric vehicles (EVs), renewables, and electronics, according to Chief Minister Devendra Fadnavis. Signings of agreements in this regard from some of India’s leading
Shares of Zomato and Swiggy continued their downward slide on January 22, dropping by another 3 percent amid concerns over intensifying competition in the quick commerce space. Zomato’s aggressive push to expand its dark store network for its quick commerce arm, Blinkit, has raised apprehensions about rising costs and shrinking profits for the sector. Zomato’s
Zomato, Swiggy Shares Fall 3% as Competition in Quick Commerce Heats Up Read More »
The Indian rupee opened nearly unchanged on January 22 at 86.5650 against the US dollar but saw a marginal dip due to foreign investor outflows. By 9:30 AM, the local currency was trading at 86.5938, slightly weaker than its previous close of 86.5863. The market participants expect rupee to trade in a range as global
Indian Rupee Opens Almost Flat at 86.5650 Against US Dollar Read More »
Shares of Cyient DLM plunged 12% on January 22 following the company’s announcement of a sequential decline in its consolidated net profit and margins for the December quarter. By 9:35 AM, the stock was trading 10% lower at ₹533, showing a huge decline in investor confidence. The stock of Cyient DLM has declined 18% in
Cyient DLM Shares Drop 12% After Profit and Margin Decline in Q3 Read More »
Multi Commodity Exchange (MCX) reported a net profit of ₹160.04 crore for the December quarter of FY25, a significant turnaround from a loss of ₹5.35 crore in the same quarter last year. The improved performance was driven by higher revenue and reduced operational costs. The total income for MCX jumped to ₹324.36 crore in the
MCX Posts Q3 Profit on Increased Revenue and Cost Optimization Read More »
Kolkata-based Lumino Industries, a key manufacturer of conductors, power cables, and electrical wires, has filed draft papers with SEBI to raise ₹1,000 crore through an Initial Public Offering (IPO). The IPO includes a fresh issue of ₹600 crore and an offer-for-sale (OFS) of ₹400 crore by promoters Devendra Goel and Jay Goel. In addition, the
Lumino Industries Files IPO Draft to Raise ₹1,000 Crore Read More »
