Business

Carborundum Universal Ltd has reported a 79% year-on-year decline in its Q4 FY25 net profit, falling to ₹30 crore, compared to ₹142.6 crore in the same period last year. Revenue Growth and Margin Pressure Despite the profit slump, revenue rose marginally by 1.3% YoY, reaching ₹1,217 crore, up from ₹1,201 crore in Q4 FY24. However,…

Dassault Aviation, the French aerospace giant behind the Rafale fighter jets, saw its stock price plunge 7% on May 12, following reports that India used Rafale aircraft in Operation Sindoor against Pakistan. Dassault Aviation Faces Market Volatility Dassault’s shares dropped to EUR 292, fluctuating between EUR 291 and EUR 295, marking a 10% decline over…

Infosys has reported an 11.7% year-on-year decline in its Q4 FY25 net profit, settling at ₹7,033 crore, as the company faces macroeconomic headwinds and cautious client spending. Lower Bonus Payouts for Employees During an internal conference call, Infosys HR executives informed employees that performance bonus payouts for Q4 FY25 would be lower than expected, citing…

Hindustan Aeronautics Ltd (HAL), India’s leading defence aerospace manufacturer, has announced an ambitious ₹3,000 crore capital expenditure (capex) plan for FY26, aimed at expanding production capacity and investing in new defence projects. Strategic Investments in Defence Projects HAL’s capex plan is part of a broader ₹14,000–15,000 crore investment roadmap spanning FY24 to FY29, averaging ₹3,000…

Patel Engineering Ltd has reported a sharp decline in net profit, with earnings falling 73% year-on-year in Q4 FY25, primarily due to higher provisions and rising expenses. Financial Performance Overview The company’s net profit dropped to ₹34.7 crore, compared to ₹140.9 crore in Q4 FY24. However, total income surged 19% YoY, reaching ₹1,637.2 crore, up…

NIIT Ltd has reported an 18% year-on-year increase in its Q4 FY25 net profit, reaching ₹13.1 crore, fueled by strong demand in technology and BFSI skilling programs. Revenue Growth and Financial Performance The company’s revenue rose 16% YoY to ₹86 crore, compared to ₹74.3 crore in Q4 FY24. However, NIIT reported an EBITDA loss of…

Tata Motors has reported a 51% year-on-year decline in its Q4 FY25 net profit, which stood at ₹8,470 crore, compared to ₹17,407 crore in the same quarter last year. Revenue and Profitability Trends Despite the sharp drop in profit, revenue from operations remained steady, rising 0.4% YoY to ₹1.19 lakh crore. The company’s EBITDA fell…

Cipla Ltd is set to announce its Q4 FY25 earnings on May 14, with analysts expecting a strong year-on-year performance, driven by steady traction in the US market and a rebound in domestic sales. Revenue and Profit Growth Expected A Moneycontrol poll of analysts projects Cipla’s revenue to rise 18.6% YoY, supported by new launches…

UPL Ltd has posted a strong financial turnaround, reporting a consolidated net profit of ₹1,079 crore in the fourth quarter of FY25, compared to a ₹80 crore loss in the same period last year. Revenue Growth and Profitability Surge The company’s total income rose by 10.6%, reaching ₹15,573 crore in Q4 FY25, up from ₹14,078…

India has emerged as the global leader in both manufacturing and services activity, surpassing major economies including China, the U.S., and the Eurozone, according to the latest Purchasing Managers’ Index (PMI) report released by J.P. Morgan. India’s PMI Performance in April 2025 These figures indicate strong expansion, as a PMI above 50 signals growth, while…

Info Edge, the parent company of Naukri.com, has recorded an impressive 36% gross internal rate of return (IRR) on its startup investments, marking a tenfold increase in value over the past decade. Key Investment Highlights Breakout Successes: Zomato & Policybazaar Info Edge was an early backer of Zomato and Policybazaar, investing ₹483.78 crore and ₹591.40…

Puravankara Ltd, a leading real estate developer, saw its shares rally 10% in intra-day trading on Monday following the announcement of a joint venture (JV) with KVN Property Holdings LLP to develop a 24.59-acre land parcel in North Bengaluru. Key Highlights of the JV Commenting on the partnership, Ashish Puravankara, Managing Director, stated, “This joint…

Swiggy, India’s leading food and grocery delivery platform, reported a sharp widening of its net loss for the fourth quarter of FY25, with losses nearly doubling to ₹1,081 crore, compared to ₹554 crore in the same period last year. Revenue Growth & Market Expansion Despite the losses, Swiggy’s revenue from operations surged 45% YoY to…

Hero MotoCorp, India’s largest two-wheeler manufacturer, is expected to report modest revenue growth for the fourth quarter of FY25, driven by higher average selling prices (ASPs) and an increased share of premium models. Despite weak volume performance, the company’s profit after tax (PAT) is projected to rise by 8% year-on-year (YoY), supported by a favorable…

Adani Power Limited witnessed a sharp 7% rally in its stock price on Monday after securing a 1,500 MW thermal power contract in Uttar Pradesh through a competitive bidding process. Key Details of the Project The power will be supplied from a greenfield ultra-supercritical thermal power plant with a 2×800 MW configuration (1,500 MW net…

Tata Electronics is preparing to double its production capacity for iPhone enclosures at its Hosur facility, aiming to reach one lakh units ahead of Apple’s annual product launches in September. The expansion follows Tata Electronics’ successful acquisition of Pegatron Technology India and Wistron’s India operations, strengthening its position in Apple’s global supply chain. The company…

Birla Corporation Ltd witnessed a sharp 20% surge in its stock price on Monday following the announcement of its strong Q4 results, marking a significant recovery in investor sentiment. Five Factors Driving the Rally Following the announcement, Birla Corp shares hit their upper circuit limit of ₹1,268.80, reversing year-to-date losses and pushing the stock into…

Reliance Power shares soared over 10% on Monday after its subsidiary, Reliance NU Energies, emerged as the top bidder in SJVN’s competitive bidding process for Inter-State Transmission System (ISTS)-connected solar and battery storage projects. The company secured a 350 MW solar generation capacity along with a 175 MW/700 MWh Battery Energy Storage System (BESS) under…

Tata Motors shares surged 3.4% on Monday, reaching ₹732.55 on the Bombay Stock Exchange (BSE), as investors turned bullish ahead of the company’s fourth-quarter results and a potential dividend announcement. The rally comes amid optimism surrounding Jaguar Land Rover (JLR), Tata Motors’ UK-based luxury vehicle subsidiary, and recent global trade developments. The stock has gained…

Foreign portfolio investors (FPIs) have injected ₹14,167 crore into Indian equities so far in May, demonstrating strong confidence in the country’s economic fundamentals despite ongoing India-Pakistan tensions. This surge follows a net investment of ₹4,223 crore in April, marking a reversal from three consecutive months of outflows. Prior to April, FPIs had withdrawn ₹3,973 crore…

Investors on Dalal Street witnessed a sharp surge in wealth as benchmark indices Sensex and Nifty rallied nearly 3% in early trade, adding ₹11 lakh crore to the market capitalization. The Sensex jumped over 2,000 points, while the Nifty neared the 24,700 mark, driven by positive global and domestic developments. The combined market value of…

The Ministry of Corporate Affairs (MCA) has officially notified amendments to Ind AS 21, introducing a new framework for handling foreign currency transactions when exchangeability is lacking. The revised standard, part of the Companies (Indian Accounting Standards) Amendment Rules 2025, will come into effect from April 1, 2025, aiming to enhance transparency, accuracy, and investor…

State Bank of India (SBI) and seven other lenders have announced the sale of 20% of their combined stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for ₹13,483 crore, marking the largest cross-border investment in the Indian banking sector. Transaction Details Strategic Impact This sale follows the Yes Bank Reconstruction Scheme initiated…

Swiggy Ltd, India’s leading food delivery and quick commerce platform, has reported a net loss of ₹1,081 crore for the fourth quarter of FY2024-25, marking a 95% year-on-year (YoY) increase from ₹554.7 crore in Q4 FY24. Despite the widening losses, the company’s revenue surged 45% YoY to ₹4,410 crore, driven by strong growth in its…

Canara Bank Ltd has announced its financial results for the fourth quarter of FY2024-25, reporting a 33.15% year-on-year (YoY) increase in net profit to ₹5,002.66 crore. The bank attributes this growth to strong loan growth, improved asset quality, and higher operating profit. Financial Highlights Dividend Declaration & Market Performance Canara Bank’s board has recommended a…

Kalyan Jewellers India Ltd witnessed a 3% intraday surge in its stock price on Friday, defying broader market weakness triggered by India-Pakistan tensions following Operation Sindoor. The rally comes on the back of strong Q4 FY25 earnings, which showcased robust revenue growth and improved profitability. Financial Highlights Dividend Declaration & Market Performance Kalyan Jewellers’ board…

Great Eastern Shipping Company Ltd, India’s largest private sector shipping firm, has reported a 60% year-on-year (YoY) decline in net profit for the fourth quarter of FY2024-25, amounting to ₹363 crore. The company attributes the drop to lower freight rates and weaker global demand. Financial Highlights Dividend Declaration & Market Performance Great Eastern Shipping has…

ideaForge Technology Ltd, a leading Indian drone manufacturer, has reported a net loss of ₹26 crore for the fourth quarter of FY2024-25, marking a sharp reversal from a net profit of ₹10 crore in the same period last year. The company’s revenue plunged 80% YoY to ₹20 crore, compared to ₹102 crore in Q4 FY24,…

India’s public sector banks (PSBs) have reported a record cumulative net profit of ₹1.78 lakh crore for the fiscal year FY2024-25, marking a 26% year-on-year (YoY) growth. This milestone reflects the sector’s turnaround from losses in FY18, driven by government-led reforms and recapitalization efforts. Financial Highlights Government-Led Reforms Driving Growth The turnaround of PSBs is…

Reliance Power Ltd, led by Anil Ambani, has reported a net profit of ₹126 crore for the fourth quarter of FY2024-25, marking a significant turnaround from a net loss of ₹397.6 crore in the same period last year. The company attributes this recovery to lower expenses and improved operational efficiency. Financial Highlights Operational Performance Reliance…