Business

Larsen & Toubro (L&T), India’s leading engineering and construction conglomerate, has announced its financial results for the fourth quarter of FY2024-25, reporting a 25% year-on-year (YoY) increase in consolidated net profit to ₹5,497 crore. The company attributes this growth to strong order inflows and operational efficiencies. Financial Highlights Dividend Declaration & Market Performance L&T’s board…

Asian Paints Ltd, India’s largest paint manufacturer, has reported a 45% year-on-year (YoY) decline in net profit for the fourth quarter of FY2024-25, amounting to ₹692.1 crore. The company attributes the drop to weak demand conditions and rising operational costs. Financial Highlights Dividend Declaration & Market Performance Asian Paints’ board has recommended a final dividend…

State-owned power sector financier REC Ltd has announced its financial results for the fourth quarter of FY2024-25, reporting a 5.66% year-on-year (YoY) increase in net profit to ₹4,309.98 crore. The company attributes this growth to higher revenues and strong operational performance. Financial Highlights Dividend Declaration & Market Performance REC’s board has recommended a final dividend…

Pidilite Industries Ltd, India’s leading manufacturer of adhesives, sealants, and construction chemicals, has announced its financial results for the fourth quarter of FY2024-25, reporting a 40.5% year-on-year (YoY) increase in net profit to ₹427.5 crore. Despite the strong profit growth, the company’s earnings fell short of market estimates. Financial Highlights Dividend Declaration & Market Performance…

Biocon Ltd, a leading biopharmaceutical company, has announced its financial results for the fourth quarter of FY2024-25, showcasing a remarkable 153% year-on-year (YoY) increase in net profit to ₹344 crore. The company attributes this surge to strong operational performance across its generics, biologics, and research services divisions. Financial Highlights Strategic Developments & Expansion Plans Biocon…

Birla Corporation Ltd, the flagship company of the M P Birla Group, has reported a robust financial performance for the fourth quarter of FY2024-25, with a 32.8% year-on-year (YoY) increase in net profit to ₹256.6 crore. The company attributes this growth to higher capacity utilization and improved realizations, driven by an uptick in demand and…

Coal India Ltd (CIL) has reported a 12% year-on-year (YoY) increase in its Q4 FY25 consolidated net profit, reaching ₹9,604 crore, driven by higher income and operational efficiencies. Financial Performance Highlights Operational Developments Coal India’s Ib Valley coal washery, operated by Mahanadi Coalfields Ltd (MCL), became the largest non-coking coal washery in India, generating ₹314…

Housing and Urban Development Corporation (HUDCO) has announced a 28% year-on-year (YoY) increase in its net profit, reaching ₹2,709 crore for FY25, driven by strong loan disbursements and improved asset quality. The company also plans to raise $2 billion through overseas borrowings, primarily targeting the Japanese market. Financial Performance Highlights Overseas Fundraising Strategy HUDCO plans…

ICICI Securities (I-Sec) has initiated coverage on United Breweries Ltd (UBL) with an ‘Add’ rating, setting a target price of ₹2,300. The brokerage firm anticipates strong revenue, EBITDA, and PAT growth over the next few years, driven by premium portfolio expansion and improved operational efficiency. Investment Rationale I-Sec expects United Breweries to deliver: The brokerage…

Bharat Forge Ltd., India’s leading auto and defense component manufacturer, reported its Q4 FY25 earnings, highlighting strong revenue growth but potential challenges in its defense business and tariff impact on exports. Financial Performance Challenges in Defence and Export Segments Despite overall growth, Bharat Forge’s defense business may drag domestic revenue, while the passenger vehicle segment…

The Indian rupee experienced its steepest single-day decline in a month, weakening by 0.5% to 84.8250 against the U.S. dollar, as escalating tensions between India and Pakistan weighed on investor sentiment. Geopolitical Impact on Currency Markets India’s Operation Sindoor, which targeted nine terror-linked sites in Pakistan and Pakistan-occupied Kashmir (PoK), has led to heightened concerns…

Dabur India Ltd, one of the country’s leading FMCG brands, has unveiled a refreshed growth strategy aimed at achieving double-digit revenue and profit growth by FY28. The company plans to modernize its product portfolio, expand premium offerings, and aggressively pursue mergers and acquisitions to strengthen its market position. Strategic Overhaul for Sustainable Growth Dabur’s seven-pronged…

Shares of KFin Technologies Ltd are under the spotlight as General Atlantic Singapore Fund Pte. Ltd, a key promoter, prepares to offload 6% of its stake in the financial services firm via block deals. Stake Sale Details Strong Q4 Performance KFin Technologies recently reported a 14.3% year-on-year (YoY) increase in consolidated net profit for Q4…

JM Financial has reiterated its ‘Buy’ rating on Coforge Ltd, raising its target price to ₹10,000, citing strong order book growth and robust revenue projections for FY26. Investment Rationale The brokerage firm highlighted Coforge’s record signed order book, which has increased 47.7% year-on-year (YoY). Management expects organic growth in FY26 to surpass FY25, driven by…

Shares of Symphony Ltd soared 12% intraday on Thursday following the company’s robust Q4 FY25 earnings, which showcased a 63% rise in consolidated profit after tax (PAT) to ₹79 crore, compared to ₹48 crore in Q4 FY24. Strong Financial Performance Symphony reported a 36% increase in consolidated revenue, reaching ₹1,576 crore, while standalone revenue surged…

Shares of Tata Motors rallied over 3% on Thursday, marking gains for a second consecutive session, as investor sentiment soared following reports of a potential trade agreement between the United States and the United Kingdom. Market Reaction and Stock Performance Tata Motors shares surged 3.45% to ₹704.00 apiece on the Bombay Stock Exchange (BSE), making…

Computer Age Management Services Ltd (CAMS) has reported a 10.1% year-on-year (YoY) increase in net profit, reaching ₹114 crore for the fourth quarter of FY25, compared to ₹103.5 crore in the same period last year. Financial Performance Market Leadership & Growth CAMS retained its market leadership in the mutual fund segment, holding a 68% share…

Hindustan Petroleum Corporation Limited (HPCL) has reported an 18% year-on-year (YoY) increase in standalone net profit, reaching ₹3,355 crore for the fourth quarter of FY25, compared to ₹2,843 crore in the same period last year. Financial Performance Stock Market Reaction Following the earnings announcement, HPCL shares closed 3% lower at ₹397.4 apiece on the Bombay…

State-owned Bank of Baroda (BoB) has reported a 3% year-on-year (YoY) increase in net profit, reaching ₹5,048 crore for the fourth quarter of FY25, compared to ₹4,886 crore in the same period last year. Financial Performance Dividend Announcement The bank’s board has recommended a dividend of ₹8.35 per equity share, subject to shareholder approval at…

Aarti Drugs Ltd has reported a strong financial performance for the fourth quarter of FY25, with net profit rising 32.7% year-on-year (YoY) to ₹62.9 crore, compared to ₹47.4 crore in the same period last year. Financial Highlights Stock Market Reaction Ahead of the earnings announcement, Aarti Drugs shares closed 1.87% lower at ₹349 on the…

Ola Electric CEO Bhavish Aggarwal has extended his congratulations to rival Ather Energy on its successful stock market debut, calling it a “milestone for the Indian EV industry”. A Historic Moment for Indian EVs Ather Energy became the second electric two-wheeler company to go public after Ola Electric’s ₹6,145-crore IPO in August 2024. The company’s…

Kotak Mahindra Bank has reported a 14% year-on-year decline in its Q4FY25 standalone net profit, falling to ₹3,552 crore, missing analyst expectations. The drop is attributed to higher provisions for bad loans, particularly in the microfinance segment. Despite the profit decline, the bank saw strong loan and deposit growth, with advances rising 13% YoY and…

Legendary investor Warren Buffett shared key insights at the Berkshire Hathaway Annual Shareholder Meeting 2025, covering topics ranging from trade tariffs to artificial intelligence (AI) and cryptocurrency. Here are the top 10 takeaways from Buffett’s address: Buffett’s insights continue to shape global investment strategies, reinforcing Berkshire Hathaway’s commitment to value investing. Stay tuned for further…

Netweb Technologies India Ltd, a leading high-end computing solutions provider, has reported a 45% year-on-year (YoY) increase in its Q4FY25 net profit, reaching ₹429.9 million. The surge in profitability is attributed to strong growth in its AI systems segment and rising demand from government and enterprise clients. The company’s operating income rose 55.9% YoY to…

The Institute of Chartered Accountants of India (ICAI) has announced a strategic partnership with the Securities and Exchange Board of India (SEBI) to enhance financial fraud detection, following recent irregularities at IndusInd Bank and Gensol Engineering. Under the agreement, ICAI will prepare a working paper outlining key areas where collaboration with SEBI can improve corporate…

Mumbai – Avenue Supermarts Ltd (DMart) has posted a 2% year-on-year (YoY) increase in its Q4FY25 standalone net profit, reaching ₹619.71 crore, while revenue from operations surged 17% YoY to ₹14,872 crore. Despite the revenue growth, DMart’s profitability remained under pressure, with higher competition in the FMCG segment, rising wage costs, and continued investments in…

Adani Power has expressed optimism about recovering the remaining dues from Bangladesh under a power-supply agreement signed in 2017. The company has already received $1.2 billion of the $2 billion owed by Bangladesh, with payments now exceeding the monthly billing amount. Bangladesh had faced financial difficulties due to rising import costs following the Russia-Ukraine conflict…

The Indian banking sector is grappling with fresh uncertainty following the Supreme Court’s decision to cancel JSW Steel’s resolution plan for Bhushan Power and Steel Ltd (BPSL), ordering its liquidation instead. The ruling has left banks facing a staggering ₹3.13 lakh crore in claims, with recovery prospects now in doubt. Impact on Indian Banks Public…

Andhra Pradesh has recorded its highest-ever net GST collection of ₹3,354 crore in April 2025, marking a significant milestone in the state’s financial performance. This achievement reflects strong tax compliance, enforcement measures, and an expanded tax base, according to officials. Key Highlights of the GST Collection Surge Government’s Response and Future Plans Chief Commissioner of…

Varun Beverages Ltd. has posted a 35% year-on-year increase in net profit for the first quarter of 2025, reflecting strong growth in its operations. The company, a leading franchisee of PepsiCo, recorded a consolidated net profit of ₹726.49 crore, compared to ₹537.27 crore in the same quarter last year. Financial Highlights Dividend Announcement The board…